Pagoda Asset Management Lp adds Expedia Inc (EXPE) to its portfolio

Expedia Inc (EXPE) : Pagoda Asset Management Lp added new position in Expedia Inc during the most recent quarter end. The investment management firm now holds 202,894 shares of Expedia Inc which is valued at $24,176,849 , the company said in a statement filed on Nov 14, 2016 with the SEC.Expedia Inc makes up approximately 9.48% of Pagoda Asset Management Lp’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates boosted its stake in EXPE in the latest quarter, The investment management firm added 22,254 additional shares and now holds a total of 227,782 shares of Expedia Inc which is valued at $27,142,503. Expedia Inc makes up approx 0.04% of Parametric Portfolio Associates’s portfolio.Liberty Mutual Group Asset Management reduced its stake in EXPE by selling 125 shares or 1.54% in the most recent quarter. The Hedge Fund company now holds 8,015 shares of EXPE which is valued at $990,894. Expedia Inc makes up approx 0.04% of Liberty Mutual Group Asset Management’s portfolio.Gateway Investment Advisers reduced its stake in EXPE by selling 53 shares or 0.49% in the most recent quarter. The Hedge Fund company now holds 10,768 shares of EXPE which is valued at $1,374,966. Expedia Inc makes up approx 0.01% of Gateway Investment Advisers’s portfolio.

Expedia Inc closed down -0.91 points or -0.72% at $125.67 with 13,70,303 shares getting traded on Monday. Post opening the session at $126.57, the shares hit an intraday low of $125.5 and an intraday high of $126.64 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Expedia Inc reported $2.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Oct 27, 2016. Analyst had a consensus of $2.47. The company had revenue of $2580.91 million for the quarter, compared to analysts expectations of $2543.09 million. The company’s revenue was up 33.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.07 EPS.

Many Wall Street Analysts have commented on Expedia Inc. Company shares were Upgraded by Stifel on Nov 10, 2016 to ” Hold”, Firm has raised the Price Target to $ 130 from a previous price target of $116 .Company shares were Reiterated by Stifel on Oct 28, 2016 to “Sell”, Firm has raised the Price Target to $ 116 from a previous price target of $99 .Company shares were Reiterated by The Benchmark Company on Oct 24, 2016 to “Buy”, Firm has raised the Price Target to $ 150 from a previous price target of $135 .

Expedia Inc. (Expedia) is an online travel company. The Company provides travel products and services provided by various lodging properties airlines car rental companies destination service providers cruise lines and other travel product and service companies. Its segments include Core Online Travel Agencies which provides a range of travel and advertising services through a range of brands including Expedia.com and Hotels.com in the United States and localized Expedia and Hotels.com Websites around the world EAN Hotwire.com Travelocity Venere Wotif Group CarRentals.com and Classic Vacations; trivago which is engaged in sending referrals to online travel companies and travel service providers from its hotel metasearch Websites and Egencia which provides managed travel services. In addition it offers Travelocity Orbitz ebookers HotelClub and CheapTickets brands and business-to-business offerings including Orbitz Partner Network and Orbitz for Business.

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