Is Expedia (NASDAQ:EXPE) Now a Sell? Merrill Lynch Downgrades Stock
14 January, 2018, 17:53 | Author: Regina Silva
2,241,000 shares of the stock were exchanged, compared to its average volume of 1,870,000. The institutional investor held 5.26M shares of the telecommunications equipment company at the end of 2017Q3, valued at $49.44 million, down from 6.69M at the end of the previous reported quarter. It has outperformed by 3.47% the S&P500.
Hitchwood Capital Management Lp decreased its stake in Expedia Inc Del (EXPE) by 35% based on its latest 2017Q3 regulatory filing with the SEC. The Winslow Capital Management Llc holds 2.56M shares with $368.02M value, up from 1.52M last quarter. The stock decreased 0.33% or $0.03 during the last trading session, reaching $9.08. Wallace Management holds 5.76% or 249,698 shares in its portfolio. The Boeing Company (NYSE:BA) has risen 41.13% since January 12, 2017 and is uptrending. It has outperformed by 12.14% the S&P500.
Investors sentiment increased to 1.43 in Q3 2017. This represents a $1.12 annualized dividend and a yield of 0.91%. It also reduced Eldorado Resorts Inc (NASDAQ:ERI) stake by 27,500 shares and now owns 46,397 shares.
Several other hedge funds have also made changes to their positions in EXPE. The online travel company reported $2.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.61 by ($0.10).
Among 36 analysts covering Expedia Inc. (NASDAQ:FTNT) to report earnings on February, 1.
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Shares of Expedia (NASDAQ:EXPE) opened at $132.36 on Friday. During the same quarter past year, the company earned $2.41 earnings per share. Levin Capital Strategies L.P. owns 8.70 million shares or 0.74% of their USA portfolio. (NASDAQ:EXPE). Valley National Advisers Inc holds 12 shares. Arrowgrass Capital Ptnrs (Us) Limited Partnership reported 0.03% stake. 699,296 were accumulated by Ubs Asset Management Americas. Sumitomo Mitsui Holdings reported 0.07% in Expedia, Inc. (NASDAQ:EXPE). Cibc Ww Corp reported 29,339 shares. Nuveen Asset Management Ltd Liability Co reported 0.24% stake. Cornerstone Advsr reported 374 shares stake. Calamos Lc, a Illinois-based fund reported 197,530 shares. Moreover, Teacher Retirement System Of Texas has 0.04% invested in Expedia, Inc. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.60. The Company operates through four segments: Core Online Travel Agencies (Core OTA), trivago, Egencia and HomeAway. It has a 38.71 P/E ratio. It facilitates the booking of hotel rooms, airline seats, auto rentals, and destination services from its travel suppliers; and acts as an agent in the transactions. During the same quarter in the prior year, the business posted $2.41 earnings per share. equities research analysts expect that Expedia will post 3.91 earnings per share for the current year. (NASDAQ:EXPE), 27 have Buy rating, 0 Sell and 9 Hold. Therefore 71% are positive. Expedia Inc. had 104 analyst reports since July 24, 2015 according to SRatingsIntel. Expedia Inc Del now has $19.73B valuation.
Among 12 analysts covering Telecom Italia (NYSE:TI), 2 have Buy rating, 2 Sell and 8 Hold. The firm earned "Buy" rating on Wednesday, July 19 by Oppenheimer. On Thursday, September 17 the stock rating was maintained by Cowen & Co with "Outperform". Piper Jaffray maintained the shares of EXPE in report on Tuesday, July 11 with "Buy" rating. The company was maintained on Friday, October 27 by Credit Suisse. SunTrust Banks restated a "buy" rating and set a $190.00 price objective on shares of Expedia in a research report on Monday, October 23rd. The firm has "Sector Weight" rating by Pacific Crest given on Thursday, March 31.
Stratos Wealth Partners Ltd increased Vanguard Star Fd (VXUS) stake by 40,711 shares to 1.66 million valued at $90.95 million in 2017Q3.
CK Infrastructure Holdings Limited, an infrastructure company, develops, invests, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, the Netherlands, Australia, Portugal, New Zealand, and Canada. Western Alliance Bancorp (NYSE:WAL) was raised too.
Since January 1, 0001, it had 7 insider purchases, and 0 selling transactions for $1.33 million activity. The shares were sold at an average price of $123.67, for a total transaction of $14,787,840.25. (NYSE:AET) on Friday, September 15. Insiders have sold 354,949 shares of company stock worth $43,978,025 in the last quarter. (NASDAQ:EXPE). 8,339 are held by Boyd Watterson Asset Mgmt Limited Liability Co Oh. Therefore 75% are positive. Anthem Inc had 63 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has "Outperform" rating given on Friday, February 10 by RBC Capital Markets. Morgan Stanley upgraded it to "Buy" rating and $160.0 target in Wednesday, January 10 report. The firm has "Neutral" rating by Citigroup given on Thursday, December 1. The stock of Aetna Inc. The stock has "Hold" rating by Deutsche Bank on Thursday, July 13. Susquehanna maintained Aetna Inc. IL now owns 4,998 shares of the online travel company's stock valued at $744,000 after purchasing an additional 30 shares during the last quarter. The company was maintained on Wednesday, June 21 by Needham. Finally, Bank of America upgraded Expedia from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 3rd. It is down 0.00% since January 11, 2017 and is. Its up 0.22, from 0.69 in 2017Q2. It is positive, as 42 investors sold EXPE shares while 152 reduced holdings. Legal & General Group Plc raised its position in Expedia by 2.2% in the 2nd quarter. 281.08 million shares or 3.09% less from 290.06 million shares in 2017Q2 were reported. The North Carolina-based Silverback Asset Management Llc has invested 0.11% in the stock.
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