Whetstone Capital Advisors adds Expedia Inc (EXPE) to its portfolio

Expedia Inc (EXPE) : Whetstone Capital Advisors added new position in Expedia Inc during the most recent quarter end. The investment management firm now holds 55,548 shares of Expedia Inc which is valued at $6,376,910 , the company said in a statement filed on Aug 9, 2016 with the SEC.Expedia Inc makes up approximately 5.34% of Whetstone Capital Advisors’s portfolio.

Other Hedge Funds, Including , Nine Chapters Capital Management sold out all of its stake in EXPE during the most recent quarter. The investment firm sold 11,056 shares of EXPE which is valued $1,261,379. Trust Investment Advisors added EXPE to its portfolio by purchasing 5,245 company shares during the most recent quarter which is valued at $602,126. Expedia Inc makes up approx 0.67% of Trust Investment Advisors’s portfolio.Strategic Financial Services Inc reduced its stake in EXPE by selling 16,270 shares or 48.94% in the most recent quarter. The Hedge Fund company now holds 16,975 shares of EXPE which is valued at $1,922,079. Expedia Inc makes up approx 0.38% of Strategic Financial Services Inc’s portfolio.Sg Americas Securities boosted its stake in EXPE in the latest quarter, The investment management firm added 2,792 additional shares and now holds a total of 14,891 shares of Expedia Inc which is valued at $1,676,131. Expedia Inc makes up approx 0.01% of Sg Americas Securities’s portfolio. Quantres Asset Management Ltd sold out all of its stake in EXPE during the most recent quarter. The investment firm sold 16,400 shares of EXPE which is valued $1,922,080.

Expedia Inc closed down -0.86 points or -0.74% at $115.42 with 13,42,492 shares getting traded on Wednesday. Post opening the session at $116.07, the shares hit an intraday low of $115.16 and an intraday high of $116.6178 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Expedia Inc reported $0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.75. The company had revenue of $2196.00 million for the quarter, compared to analysts expectations of $2241.59 million. The company’s revenue was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS.

Investors should note that on Jul 28, 2016, Expedia Inc announced a cash dividend of $0.2600. The company’s management has announced Aug 23, 2016 as the ex-dividend date and fixed the record date on Aug 25, 2016. The payable date has been fixed on Sep 15, 2016.

Many Wall Street Analysts have commented on Expedia Inc. Company shares were Reiterated by Barclays on Jul 29, 2016 to “Overweight”, Firm has raised the Price Target to $ 130 from a previous price target of $120 .

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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