Expedia INC (EXPE) Shareholder Winslow Capital Management LLC Lifted Stake by $63.77 Million as Valuation Declined

April 23, 2018 - By Peter Erickson

Expedia Group, Inc. (NASDAQ:EXPE) LogoInvestors sentiment decreased to 1.06 in 2017 Q4. Its down 0.37, from 1.43 in 2017Q3. It dived, as 80 investors sold EXPE shares while 162 reduced holdings. 85 funds opened positions while 172 raised stakes. 118.55 million shares or 4.89% less from 124.65 million shares in 2017Q3 were reported. Comerica Fincl Bank invested in 40,728 shares. Winslow Cap Mgmt Limited Liability, Minnesota-based fund reported 3.09 million shares. Burney has 0.14% invested in Expedia Group, Inc. (NASDAQ:EXPE) for 20,092 shares. Omega Advsr accumulated 0.88% or 195,497 shares. Envestnet Asset Mngmt, a Illinois-based fund reported 10,729 shares. Addison Cap has invested 0.64% in Expedia Group, Inc. (NASDAQ:EXPE). First Personal Financial Ser holds 0.03% or 1,128 shares in its portfolio. Scout Invests Inc accumulated 126,104 shares. South State Corp owns 30,402 shares for 0.39% of their portfolio. Moreover, Sphera Funds Management Ltd has 0.32% invested in Expedia Group, Inc. (NASDAQ:EXPE) for 22,950 shares. Highbridge Cap Mgmt Llc has invested 0.01% of its portfolio in Expedia Group, Inc. (NASDAQ:EXPE). 209 were accumulated by Perkins Coie Tru. Stephens Invest Mngmt Group Limited Co accumulated 0.61% or 221,654 shares. Kazazian Asset stated it has 0.91% of its portfolio in Expedia Group, Inc. (NASDAQ:EXPE). 3.43 million are held by Altimeter Capital Mgmt L P.

Winslow Capital Management Llc increased its stake in Expedia Inc (EXPE) by 20.96% based on its latest 2017Q4 regulatory filing with the SEC. Winslow Capital Management Llc bought 535,874 shares as the company’s stock declined 12.14% with the market. The institutional investor held 3.09 million shares of the consumer services company at the end of 2017Q4, valued at $370.41M, up from 2.56M at the end of the previous reported quarter. Winslow Capital Management Llc who had been investing in Expedia Inc for a number of months, seems to be bullish on the $16.95B market cap company. The stock increased 1.67% or $1.83 during the last trading session, reaching $111.6. About 188,396 shares traded. Expedia Group, Inc. (NASDAQ:EXPE) has declined 17.38% since April 23, 2017 and is downtrending. It has underperformed by 28.93% the S&P500.

Winslow Capital Management Llc, which manages about $33.78B and $18.18B US Long portfolio, decreased its stake in Fidelity Natl Info Svcs (NYSE:FIS) by 182,807 shares to 2.04M shares, valued at $192.09M in 2017Q4, according to the filing. It also reduced its holding in Apple Inc (NASDAQ:AAPL) by 771,156 shares in the quarter, leaving it with 3.17 million shares, and cut its stake in Thermo Fisher Scientific (NYSE:TMO).

Expedia Group, Inc. (NASDAQ:EXPE) Ratings Coverage

Among 24 analysts covering Expedia (NASDAQ:EXPE), 14 have Buy rating, 0 Sell and 10 Hold. Therefore 58% are positive. Expedia has $180.0 highest and $101 lowest target. $137.61’s average target is 23.31% above currents $111.6 stock price. Expedia had 40 analyst reports since October 24, 2017 according to SRatingsIntel. The stock has “Buy” rating by SunTrust on Friday, February 9. Cowen & Co maintained the stock with “Buy” rating in Wednesday, March 21 report. Credit Suisse maintained Expedia Group, Inc. (NASDAQ:EXPE) on Friday, February 9 with “Outperform” rating. Citigroup maintained the shares of EXPE in report on Friday, October 27 with “Buy” rating. The firm has “Outperform” rating by Credit Suisse given on Thursday, March 1. On Monday, February 12 the stock rating was maintained by JP Morgan with “Neutral”. Macquarie Research downgraded Expedia Group, Inc. (NASDAQ:EXPE) on Thursday, March 15 to “Neutral” rating. The stock of Expedia Group, Inc. (NASDAQ:EXPE) earned “Buy” rating by Bank of America on Wednesday, January 3. Citigroup maintained the shares of EXPE in report on Friday, February 9 with “Buy” rating. RBC Capital Markets maintained it with “Buy” rating and $141.0 target in Thursday, February 8 report.

Expedia Group, Inc. (NASDAQ:EXPE) Institutional Positions Chart

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