As Expedia Group (EXPE) Shares Rose, Holder Altimeter Capital Management LP Has Decreased Its Stake; Coho Partners LTD Has Trimmed Lowe’s Companies (LOW) Position by $50.81 Million; Market Valuation Declined

June 15, 2018 - By Hazel Jackson

Lowe's Companies, Inc. (NYSE:LOW) Logo

Brad Gerstner decreased its stake in Expedia Group Inc (EXPE) by 42.78% based on its latest 2018Q1 regulatory filing with the SEC. Altimeter Capital Management Lp sold 1.47M shares as the company’s stock rose 10.51% while stock markets declined. The hedge fund run by Brad Gerstner held 1.96M shares of the consumer services company at the end of 2018Q1, valued at $216.85 million, down from 3.43M at the end of the previous reported quarter. Altimeter Capital Management Lp who had been investing in Expedia Group Inc for a number of months, seems to be less bullish one the $18.52B market cap company. The stock decreased 0.17% or $0.21 during the last trading session, reaching $123.37. About 350,675 shares traded. Expedia Group, Inc. (NASDAQ:EXPE) has declined 19.04% since June 15, 2017 and is downtrending. It has underperformed by 31.61% the S&P500. Some Historical EXPE News: 03/04/2018 – MARRIOTT COULD CUT COMMISSIONS IT PAYS TO THE OTAS, INCLUDING EXPEDIA AND BOOKINGS HOLDINGS, STARTING LATER THIS YEAR – CEO; 20/03/2018 – AMERICAN EXPRESS – EXPEDIA ALERTED CO THAT USERS OF ORBITZ PLATFORM FROM JAN 1, 2016 THROUGH DEC 22, 2017 MAY HAVE BEEN VICTIMS OF CYBER ATTACK; 15/05/2018 – Fir Tree Adds FirstEnergy, Exits Expedia, Cuts NXP Semi: 13F; 13/04/2018 – Calamos Adds Humana, Exits Expedia, Cuts Wells Fargo: 13F; 04/04/2018 – EXPEDIA- LEISURE, CORPORATE CUSTOMERS IN EUROPEAN MARKETS WON’T BE CHARGED DISTRIBUTION SURCHARGE LEVIED ON AIR FRANCE, HOP! FLIGHTS SOURCED THROUGH GDS; 04/04/2018 – Expedia Group reaches an agreement to offer Air France KLM flights without GDS surcharge; 26/04/2018 – Expedia 1Q Adj Loss/Shr 46c; 10/04/2018 – ANALYSIS-Travel industry eyes blockchain potential for fees, delays, lost bags; 26/03/2018 – Expedia, Inc. Announces Name Change to Expedia Group, Inc; 03/04/2018 – Marriott aims to cut commissions for online agencies -CEO

Coho Partners Ltd decreased its stake in Lowe’s Companies Inc. (LOW) by 25.79% based on its latest 2018Q1 regulatory filing with the SEC. Coho Partners Ltd sold 583,985 shares as the company’s stock declined 0.84% with the market. The institutional investor held 1.68M shares of the consumer services company at the end of 2018Q1, valued at $147.42 million, down from 2.26 million at the end of the previous reported quarter. Coho Partners Ltd who had been investing in Lowe’s Companies Inc. for a number of months, seems to be less bullish one the $80.90B market cap company. The stock decreased 0.04% or $0.035 during the last trading session, reaching $99.125. About 1.49 million shares traded. Lowe's Companies, Inc. (NYSE:LOW) has risen 18.89% since June 15, 2017 and is uptrending. It has outperformed by 6.32% the S&P500. Some Historical LOW News: 23/05/2018 – RBA’S LOWE: KEEPING INTEREST RATES LOW PROMOTES CONFIDENCE; 16/05/2018 – ♫ Reuters Insider – Dow snaps 8-day winning streak; 01/05/2018 – RBA’S LOWE: REASONABLE TO EXPECT NEXT RATE MOVE WILL BE UP; 26/03/2018 – Investors cheer changing of the guard at Lowe’s; 23/05/2018 – Lowe’s Reports 3% Net Sales Increase; Comparable Sales Fall Short of Expectations — Earnings Review; 23/05/2018 – Lowe’s sticks to annual forecasts, expects sales rebound; 23/05/2018 – Bill Ackman’s Pershing Square has taken a stake in Lowe’s, a source tells CNBC; 06/03/2018 – RBA GOVERNOR PHILIP LOWE COMMENTS IN SYDNEY Q&A SESSION; 26/03/2018 – Lowe’s CEO Robert Niblock will retire once a successor is found; 06/03/2018 – RBA’S LOWE: NON-MINING INVESTMENT ROSE ABOUT 9% IN PAST YEAR

More news for Expedia Group, Inc. (NASDAQ:EXPE) were recently published by: Seekingalpha.com, which released: “Booking Holdings: Great Business Despite Increasing Competition” on May 30, 2018. Forbes.com‘s article titled: “After A Strong Start To The Year, What We Expect From Expedia In 2018” and published on May 29, 2018 is yet another important article.

Investors sentiment decreased to 0.89 in 2018 Q1. Its down 0.17, from 1.06 in 2017Q4. It dived, as 75 investors sold EXPE shares while 170 reduced holdings. 73 funds opened positions while 145 raised stakes. 116.20 million shares or 1.99% less from 118.55 million shares in 2017Q4 were reported. Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 22,695 shares. Comml Bank Of America Corp De, North Carolina-based fund reported 594,135 shares. Envestnet Asset Management reported 7,682 shares. Nine Masts Ltd invested 0.81% in Expedia Group, Inc. (NASDAQ:EXPE). Mackenzie holds 0% or 2,129 shares in its portfolio. Cleararc Capital has invested 0.05% in Expedia Group, Inc. (NASDAQ:EXPE). Tiger invested 0.07% in Expedia Group, Inc. (NASDAQ:EXPE). Atlantic Tru Group Ltd Liability Corp has 902,520 shares for 0.43% of their portfolio. Whittier Trust Communication Of Nevada Incorporated owns 284 shares or 0% of their US portfolio. Voya Inv Management Limited Liability Com stated it has 74,623 shares or 0.02% of all its holdings. Thrivent Fincl For Lutherans has invested 0.01% in Expedia Group, Inc. (NASDAQ:EXPE). Natixis has invested 0.05% of its portfolio in Expedia Group, Inc. (NASDAQ:EXPE). Citadel Advsr holds 0.02% in Expedia Group, Inc. (NASDAQ:EXPE) or 313,569 shares. Neuberger Berman Group Ltd Co holds 0.18% in Expedia Group, Inc. (NASDAQ:EXPE) or 1.44 million shares. Chevy Chase Tru Hldgs Incorporated reported 178,672 shares stake.

Altimeter Capital Management Lp, which manages about $1.35B and $2.02B US Long portfolio, upped its stake in Mulesoft Inc by 125,000 shares to 400,000 shares, valued at $17.59M in 2018Q1, according to the filing. It also increased its holding in Tableau Software Inc (NYSE:DATA) by 67,100 shares in the quarter, for a total of 3.35M shares, and has risen its stake in Okta Inc.

Analysts await Expedia Group, Inc. (NASDAQ:EXPE) to report earnings on July, 26. They expect $0.53 earnings per share, down 19.70% or $0.13 from last year’s $0.66 per share. EXPE’s profit will be $79.58 million for 58.19 P/E if the $0.53 EPS becomes a reality. After $-0.69 actual earnings per share reported by Expedia Group, Inc. for the previous quarter, Wall Street now forecasts -176.81% EPS growth.

Among 42 analysts covering Expedia Inc. (NASDAQ:EXPE), 28 have Buy rating, 0 Sell and 14 Hold. Therefore 67% are positive. Expedia Inc. had 134 analyst reports since July 24, 2015 according to SRatingsIntel. Barclays Capital maintained it with “Overweight” rating and $130 target in Friday, July 29 report. The company was maintained on Tuesday, February 9 by Benchmark. Deutsche Bank maintained the stock with “Buy” rating in Friday, July 31 report. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, October 11. KeyBanc Capital Markets maintained it with “Buy” rating and $178.0 target in Wednesday, September 6 report. The firm earned “Outperform” rating on Friday, July 31 by RBC Capital Markets. SunTrust maintained Expedia Group, Inc. (NASDAQ:EXPE) on Friday, January 12 with “Buy” rating. The stock has “Overweight” rating by Barclays Capital on Friday, October 27. The company was maintained on Tuesday, February 9 by Barclays Capital. The stock of Expedia Group, Inc. (NASDAQ:EXPE) earned “Buy” rating by Cowen & Co on Monday, September 11.

Investors sentiment decreased to 0.81 in Q1 2018. Its down 0.20, from 1.01 in 2017Q4. It dived, as 72 investors sold LOW shares while 482 reduced holdings. 116 funds opened positions while 331 raised stakes. 587.47 million shares or 0.28% more from 585.84 million shares in 2017Q4 were reported. Eads And Heald Invest Counsel accumulated 23,483 shares. The California-based Jacobs & Ca has invested 0.05% in Lowe's Companies, Inc. (NYSE:LOW). Biondo Investment Advsr Ltd Liability Co owns 51,031 shares or 1.17% of their US portfolio. Woodmont Investment Counsel Ltd Liability Co accumulated 3,016 shares or 0.07% of the stock. Prentiss Smith & holds 0.01% or 155 shares in its portfolio. Tarbox Family Office stated it has 0.15% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). Meeder Asset has 0.08% invested in Lowe's Companies, Inc. (NYSE:LOW) for 9,827 shares. 56,756 were accumulated by Sg Americas Ltd Liability. Strategic Advsr Limited Liability Company accumulated 0.24% or 6,542 shares. Founders Capital Mgmt Limited Com holds 0.4% or 10,198 shares. Bragg Advisors Incorporated, a North Carolina-based fund reported 41,198 shares. Halsey Assoc Ct invested in 0.21% or 13,526 shares. Axa has invested 0.41% in Lowe's Companies, Inc. (NYSE:LOW). Caxton Limited Partnership owns 35,000 shares. Us Commercial Bank De invested in 0.25% or 911,455 shares.

Coho Partners Ltd, which manages about $1.39B and $3.81B US Long portfolio, upped its stake in The Kroger Co. (NYSE:KR) by 109,358 shares to 5.56 million shares, valued at $133.10M in 2018Q1, according to the filing. It also increased its holding in Philip Morris Intl Inc. Com (NYSE:PM) by 399,019 shares in the quarter, for a total of 1.61M shares, and has risen its stake in Merck & Co. Inc. (NYSE:MRK).

More notable recent Lowe's Companies, Inc. (NYSE:LOW) news were published by: Seekingalpha.com which released: “Should You Buy Lowe’s At This Stage Of The Economic Cycle?” on June 12, 2018, also Fool.com with their article: “Lowe’s Springs Into Action” published on June 06, 2018, Seekingalpha.com published: “Lowe’s: Building A Solid Foundation” on May 23, 2018. More interesting news about Lowe's Companies, Inc. (NYSE:LOW) were released by: Fool.com and their article: “JC Penney’s CEO Jumps to Lowe’s: Is the Turnaround Doomed?” published on May 27, 2018 as well as Fool.com‘s news article titled: “Better Buy: Walmart vs. Lowe’s” with publication date: June 09, 2018.

Among 37 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 24 have Buy rating, 0 Sell and 13 Hold. Therefore 65% are positive. Lowe’s Companies Inc. had 102 analyst reports since August 19, 2015 according to SRatingsIntel. The stock of Lowe's Companies, Inc. (NYSE:LOW) earned “Buy” rating by Credit Suisse on Monday, March 5. The stock has “Hold” rating by Jefferies on Friday, November 10. On Friday, August 14 the stock rating was maintained by Longbow with “Buy”. The stock has “Buy” rating by RBC Capital Markets on Monday, September 25. The stock of Lowe's Companies, Inc. (NYSE:LOW) has “Buy” rating given on Wednesday, May 23 by Loop Capital Markets. Jefferies maintained the shares of LOW in report on Thursday, September 28 with “Hold” rating. The stock has “Buy” rating by RBC Capital Markets on Wednesday, November 22. Argus Research maintained the shares of LOW in report on Thursday, August 20 with “Buy” rating. The firm has “Buy” rating by Robert W. Baird given on Tuesday, January 2. The company was initiated on Tuesday, May 24 by Topeka Capital Markets.

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

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