Paul Reeder and Edward Shapiro’s PAR Capital Management reported holding 7.10 million shares of Expedia Inc. (NASDAQ:EXPE) via a 13G filing with the SEC, which amass 5.2% of the stock’s float. This indicates an increase in the fund’s stake, as it previously held 6.55 million shares, according to its 13F filing for the end-of-June reporting period.
Expedia is an online travel company whose stock is down by 10.9% year-to-date. For the second quarter of 2016, Expedia reported earnings per share of $0.83 and revenue of $2.2 billion, compared to EPS of $0.89 and revenue of $1.66 billion for the same period of the prior year. Earlier this month, Cantor Fitzgerald reiterated its ‘Buy’ rating on Expedia’s stock.
The number of hedge funds with long positions in Expedia (NASDAQ:EXPE) increased by two in the second quarter, as at the end of the June quarter, there were 67 investors in our system bullish on the stock. Among them were Brad Gerstner’s Altimeter Capital Management, which held a position valued at $478.15 million, Jason Karp’s Tourbillon Capital Partners, with a position worth around $333.38 million, Philippe Laffont’s Coatue Management, Curtis Macnguyen’s Ivory Capital (Investment Mgmt), Eric Bannasch’s Cadian Capital, and Guru Ramakrishnan’s Meru Capital.
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|PAR Investment Partners||7,100,027||7,100,027||7,100,027||5.2%|
|PAR Capital Management, Inc||7,100,027||7,100,027||7,100,027||5.2%|
Page 1 of 7 – SEC Filing
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