13GD Ownership Change: Why Stephen Mandel’s Lone Pine Capital Llc Reported Big Expedia, Inc Position?

13GD Ownership Change: Why Stephen Mandel's Lone Pine Capital Llc Reported Big Expedia, Inc Position?

The New Stephen Mandel’s Lone Pine Capital Llc Holding in Expedia, Inc

Lone Pine Capital Llc filed with the SEC SC 13G form for Expedia, Inc. The form can be accessed here: 000090266416008347. As reported in Stephen Mandel’s Lone Pine Capital Llc’s form, the filler as of late owns 5.21% or 7,143,331 shares of the Consumer Discretionary–company.

Expedia, Inc stake is a new one for the for the hedge fund and it was filed because of activity on September 29, 2016. We feel this shows Stephen Mandel’s Lone Pine Capital Llc’s positive view for the stock. For a hedge fund managing $34.98 billion in assets and having 87+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Stephen Mandel’s Lone Pine Capital Llc’s US equities portfolio is in this sector.

Expedia, Inc Institutional Sentiment

Latest Security and Exchange filings show 448 investors own Expedia, Inc. The institutional ownership in Q3 2015 is very high, at 82.47% of the outstanding shares. This is increased by 10737095 the total institutional shares. 112920196 were the shares owned by these institutional investors. In total 83 funds opened new Expedia, Inc stakes, 169 increased stakes. There were 36 that closed positions and 147 reduced them.

21 managers had the stock in their top Ten. Notable investors are: Altimeter Capital Management Lp, Ivory Investment Management Llc, Meru Capital Group Lp, Par Capital Management Inc, Steadfast Advisors Lp, Steadfast Capital Management Lp, Crosslink Capital Inc, Tourbillon Capital Partners L.P., White Elm Capital Llc, Foxhaven Asset Management Lp..

Reynolds Capital Management Llc is an institutional investor bullish on Expedia, Inc, owning 2600 shares as of Q3 2015 for 0.38% of its portfolio. First Republic Investment Management Inc owns 1866 shares or less than 0.01% of its portfolio. MD Calvert Investment Management Inc have 0.02% of their stock portfolio for 4087 shares. Further, Cognios Capital Llc reported stake worth 0.22% of its US stock portfolio. The MO Argent Capital Management Llc owns 444116 shares. Expedia, Inc is 2.61% of the manager’s US portfolio.

Business Profile

Expedia, Inc. is an online travel company. The Company makes travel products and services available, on a standalone and package basis, provided by various lodging properties, airlines, car rental companies, destination service providers, cruise lines and other travel product and service companies. Its Core OTA segment 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 throughout the world, Orbitz.com, Expedia Affiliate Network, Hotwire.com, Travelocity, Venere, Wotif Group, CarRentals.com, and Classic Vacations. Its trivago segment sends referrals to online travel companies and travel service providers from its hotel metasearch Websites. Its Egencia segment, which also includes Orbitz for Business, provides managed travel services to corporate customers. Its HomeAway segment operates an online marketplace for the vacation rental industry.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Stephen Mandel’s Lone Pine Capital Llc website.

Insitutional Activity: The institutional sentiment increased to 0.92 in 2016 Q2. Its up 0.18, from 0.74 in 2016Q1. The ratio increased, as 57 funds sold all Expedia Inc shares owned while 175 reduced positions. 71 funds bought stakes while 142 increased positions. They now own 120.22 million shares or 1.74% less from 122.35 million shares in 2016Q1.

First Quadrant Lp Ca owns 11,900 shares or 0.03% of their US portfolio. Moreover, Sg Americas Securities Lc has 0.01% invested in Expedia Inc (NASDAQ:EXPE) for 14,891 shares. Fjarde Ap has invested 0.07% of its portfolio in Expedia Inc (NASDAQ:EXPE). Ladenburg Thalmann Inc has invested 0% of its portfolio in Expedia Inc (NASDAQ:EXPE). Parkwood Ltd Co, a Ohio-based fund reported 2,449 shares. Fukoku Mutual Life Insur reported 2,300 shares or 0.05% of all its holdings. Umb Bank & Trust N A Mo has 0.01% invested in the company for 3,159 shares. Robeco Institutional Asset Management Bv holds 0.18% of its portfolio in Expedia Inc (NASDAQ:EXPE) for 225,980 shares. Srs Investment Management Limited Liability Com has 1.35% invested in the company for 418,890 shares. Moreover, Mizuho Tru Banking Ltd has 0.06% invested in Expedia Inc (NASDAQ:EXPE) for 194,588 shares. The California-based Crosslink Capital has invested 6.73% in Expedia Inc (NASDAQ:EXPE). Northern has invested 0.04% of its portfolio in Expedia Inc (NASDAQ:EXPE). Telemus Ltd Liability Company holds 0.16% or 12,000 shares in its portfolio. The Massachusetts-based Westfield Mngmt Com Lp has invested 0.22% in Expedia Inc (NASDAQ:EXPE). Moreover, Symphony Asset Mgmt has 0.03% invested in Expedia Inc (NASDAQ:EXPE) for 2,614 shares.

Analysts await Expedia Inc (NASDAQ:EXPE) to report earnings on November, 3. They expect $2.23 EPS, up 40.25% or $0.64 from last year’s $1.59 per share. EXPE’s profit will be $335.83 million for 13.24 P/E if the $2.23 EPS becomes a reality. After $0.40 actual EPS reported by Expedia Inc for the previous quarter, Wall Street now forecasts 457.50% EPS growth.

About 1.59M shares traded hands. Expedia Inc (NASDAQ:EXPE) has risen 13.27% since March 8, 2016 and is uptrending. It has outperformed by 3.95% the S&P500.

Expedia, Inc. is an online travel company. The company has a market cap of $17.79 billion. The Firm makes travel services and products available, on a standalone and package basis, provided by various lodging properties, airlines, car rental companies, destination service providers, cruise lines and other travel product and service companies. It has a 77.75 P/E ratio. The Company’s Core OTA segment 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 throughout the world, Orbitz.com, Expedia Affiliate Network, Hotwire.com, Travelocity, Venere, Wotif Group, CarRentals.com, and Classic Vacations.

Expedia Inc (NASDAQ:EXPE) Ratings Coverage

Out of 24 analysts covering Expedia Inc. (NASDAQ:EXPE), 16 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 67% are positive. $180 is the highest target while $27 is the lowest. The $129.56 average target is 9.68% above today’s ($118.13) stock price. Expedia Inc. has been the topic of 43 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Benchmark maintained the stock with “Buy” rating in Friday, October 30 report. The company was initiated on Thursday, March 31 by Pacific Crest. Nomura maintained the shares of EXPE in a report on Thursday, February 11 with “Neutral” rating. The company was maintained on Tuesday, August 4 by Janney Capital. The firm has “Buy” rating given on Monday, July 27 by Benchmark. The stock of Expedia Inc (NASDAQ:EXPE) earned “Outperform” rating by RBC Capital Markets on Friday, July 31. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, October 30. The stock of Expedia Inc (NASDAQ:EXPE) earned “Buy” rating by Benchmark on Tuesday, February 9. Stifel Nicolaus downgraded the stock to “Sell” rating in Monday, February 22 report. As per Thursday, March 10, the company rating was maintained by Brean Capital.

More important recent Expedia Inc (NASDAQ:EXPE) news were published by: Prnewswire.com which released: “Expedia, Inc. Announces Completion of Consent Solicitation to Amend Its 5.95 …” on October 03, 2016, also Prnewswire.com published article titled: “Expedia, Inc. Announces Consent Solicitation to Amend Its 5.95% Senior Notes …”, Profitconfidential.com published: “Expedia Inc: EXPE Stock is Setting Up to Fly into Year-End” on September 30, 2016. More interesting news about Expedia Inc (NASDAQ:EXPE) was released by: Seekingalpha.com and their article: “Trivago IPO: An Attractive Opportunity” with publication date: October 11, 2016.

According to Zacks Investment Research, “Expedia, Inc. is one of the world’s leading travel services companies. The company provides wholesale travel to offline retail travel agents. Expedia, Inc.’s main businesses and brands include: Expedia.com, Hotels.com, Hotwire, Expedia Corporate Travel, Trip Advisor and Classic Custom Vacations. Expedia, Inc.’s companies also operate internationally with sites in Canada, the United Kingdom, Germany, France, Italy, Netherlands and China, through its investment in eLong.”

EXPE Company Profile

Expedia, Inc., incorporated on April 18, 2005, is an online travel company. The Firm makes travel services and products available, on a standalone and package basis, provided by various lodging properties, airlines, car rental companies, destination service providers, cruise lines and other travel product and service companies. The Firm also offers travel and non-travel advertisers access to a potential source of incremental traffic and transactions through its media and advertising offerings on its transaction Websites. The Company’s Core OTA segment provides a range of travel and advertising services to its clients across the world, through a range of brands, including Expedia.com and Hotels.com in the United States and localized Expedia and Hotels.com Websites throughout the world, Orbitz.com, Expedia Affiliate Network, Hotwire.com, Travelocity, Venere, Wotif Group, CarRentals.com, and Classic Vacations. The Company’s trivago segment sends referrals to online travel companies and travel service providers from its hotel metasearch Websites. The Company’s Egencia segment, which also includes Orbitz for Business, provides managed travel services to corporate clients across the world. The Company’s HomeAway segment operates an online marketplace for the vacation rental industry.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment