Shellback Capital LP Position In Expedia Del (EXPE) Was Upped; As Visa (V) Market Value Rose, Pitcairn Company Decreased Its Position by $306,660

May 16, 2018 - By Winifred Garcia

Visa Inc. (NYSE:V) Logo

Pitcairn Company decreased its stake in Visa Inc (V) by 3.33% based on its latest 2017Q4 regulatory filing with the SEC. Pitcairn Company sold 2,690 shares as the company’s stock rose 4.18% while stock markets declined. The institutional investor held 78,029 shares of the business services company at the end of 2017Q4, valued at $8.90 million, down from 80,719 at the end of the previous reported quarter. Pitcairn Company who had been investing in Visa Inc for a number of months, seems to be less bullish one the $293.17B market cap company. The stock decreased 0.16% or $0.21 during the last trading session, reaching $130.89. About 5.11 million shares traded. Visa Inc. (NYSE:V) has risen 31.98% since May 16, 2017 and is uptrending. It has outperformed by 20.43% the S&P500.

Shellback Capital Lp increased its stake in Expedia Inc Del (EXPE) by 70.36% based on its latest 2017Q4 regulatory filing with the SEC. Shellback Capital Lp bought 47,700 shares as the company’s stock declined 12.14% with the market. The institutional investor held 115,491 shares of the consumer services company at the end of 2017Q4, valued at $13.83 million, up from 67,791 at the end of the previous reported quarter. Shellback Capital Lp who had been investing in Expedia Inc Del for a number of months, seems to be bullish on the $17.36B market cap company. The stock increased 1.39% or $1.59 during the last trading session, reaching $115.59. About 1.15M shares traded. Expedia Group, Inc. (NASDAQ:EXPE) has declined 17.38% since May 16, 2017 and is downtrending. It has underperformed by 28.93% the S&P500.

More recent Visa Inc. (NYSE:V) news were published by: 247Wallst.com which released: “Can Visa Deliver Another Earnings Beat?” on April 25, 2018. Also Seekingalpha.com published the news titled: “Visa’s (V) CEO Alfred Kelly Presents at 46th Annual JP Morgan Global Technology, Media and Communications …” on May 15, 2018. Seekingalpha.com‘s news article titled: “Visa: Next Stop $135” with publication date: April 27, 2018 was also an interesting one.

Pitcairn Company, which manages about $1.00 billion US Long portfolio, upped its stake in Ishares Tr (IWF) by 21,485 shares to 28,027 shares, valued at $3.77M in 2017Q4, according to the filing. It also increased its holding in Servicenow Inc (NYSE:NOW) by 2,434 shares in the quarter, for a total of 12,368 shares, and has risen its stake in Abbvie Inc (NYSE:ABBV).

Since December 13, 2017, it had 0 insider buys, and 5 selling transactions for $12.69 million activity. $205,440 worth of Visa Inc. (NYSE:V) was sold by Biggar Lynne on Wednesday, February 14. MCINERNEY RYAN also sold $5.06M worth of Visa Inc. (NYSE:V) shares. 49,702 shares were sold by MAHON TULLIER KELLY, worth $5.65M. Shares for $707,561 were sold by MATSCHULLAT ROBERT W.

Analysts await Visa Inc. (NYSE:V) to report earnings on July, 19. They expect $1.10 earnings per share, up 27.91% or $0.24 from last year’s $0.86 per share. V’s profit will be $2.46 billion for 29.75 P/E if the $1.10 EPS becomes a reality. After $1.11 actual earnings per share reported by Visa Inc. for the previous quarter, Wall Street now forecasts -0.90% negative EPS growth.

Investors sentiment increased to 1.05 in Q4 2017. Its up 0.05, from 1 in 2017Q3. It is positive, as 55 investors sold V shares while 605 reduced holdings. 141 funds opened positions while 552 raised stakes. 1.61 billion shares or 1.83% less from 1.64 billion shares in 2017Q3 were reported. 27,995 are owned by Farmers Bancorp. Lehman Financial Resource has 8,700 shares. Oppenheimer Asset Mgmt holds 0.76% or 270,804 shares. Baker Ellis Asset Mgmt Ltd Liability Co reported 6,262 shares stake. Northeast Consultants has 0.1% invested in Visa Inc. (NYSE:V) for 2,619 shares. 60,087 were reported by Buckingham Mngmt. Regent Invest Mgmt Limited Liability Company reported 16,610 shares. Stoneridge Investment Prtn Ltd Liability Corp owns 76,664 shares for 1.4% of their portfolio. Guyasuta Inv holds 0.05% or 4,072 shares in its portfolio. Excalibur owns 10,959 shares or 1.05% of their US portfolio. Amarillo Retail Bank stated it has 0.32% of its portfolio in Visa Inc. (NYSE:V). Segall Bryant And Hamill Ltd Llc owns 548,159 shares for 1.38% of their portfolio. Ardevora Asset Llp has 328,275 shares. Tctc owns 12,296 shares. Rampart Investment Mgmt Co Ltd Liability Co invested 1.08% in Visa Inc. (NYSE:V).

Among 43 analysts covering Visa Inc. (NYSE:V), 35 have Buy rating, 0 Sell and 8 Hold. Therefore 81% are positive. Visa Inc. had 130 analyst reports since July 21, 2015 according to SRatingsIntel. Topeka Capital Markets maintained Visa Inc. (NYSE:V) rating on Friday, July 24. Topeka Capital Markets has “Hold” rating and $70 target. As per Monday, July 17, the company rating was maintained by Oppenheimer. The firm has “Buy” rating by Cowen & Co given on Friday, July 21. The rating was maintained by Jefferies on Friday, June 23 with “Buy”. Instinet maintained Visa Inc. (NYSE:V) on Friday, July 21 with “Buy” rating. The firm earned “Buy” rating on Thursday, October 8 by Guggenheim. The firm has “Buy” rating given on Friday, October 13 by Piper Jaffray. RBC Capital Markets maintained Visa Inc. (NYSE:V) rating on Tuesday, November 3. RBC Capital Markets has “Outperform” rating and $91 target. The stock of Visa Inc. (NYSE:V) has “Buy” rating given on Thursday, February 1 by Piper Jaffray. The firm has “Buy” rating given on Monday, January 29 by Susquehanna.

More notable recent Expedia Group, Inc. (NASDAQ:EXPE) news were published by: Benzinga.com which released: “Q1 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolio” on May 16, 2018, also Streetinsider.com with their article: “Omega’s 13F Shows Increase in Ocwen (OCN), Synchrony (SYF), United (UAL), Exits Zynga (ZNGA) (More…)” published on May 15, 2018, Streetinsider.com published: “After-Hours Stock Movers 04/26: (EXPE) (AMZN) (INTC) Higher; (FLEX) (X) (TNDM) Lower (more…)” on April 26, 2018. More interesting news about Expedia Group, Inc. (NASDAQ:EXPE) were released by: Seekingalpha.com and their article: “Expedia: Not Buying The Relief Rally Yet” published on April 30, 2018 as well as Nasdaq.com‘s news article titled: “Analysis: Positioning to Benefit within InnerWorkings, Planet Fitness, Huntington Bancshares, Univar, Expedia, and …” with publication date: May 11, 2018.

Shellback Capital Lp, which manages about $423.03 million and $1.34B US Long portfolio, decreased its stake in Lauder Estee Cos Inc (NYSE:EL) by 138,800 shares to 135,000 shares, valued at $17.18 million in 2017Q4, according to the filing. It also reduced its holding in Mcbc Hldgs Inc by 119,961 shares in the quarter, leaving it with 163,029 shares, and cut its stake in Coherent Inc (NASDAQ:COHR).

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. RBC Capital Markets maintained the shares of EXPE in report on Tuesday, March 13 with “Buy” rating. Stifel Nicolaus maintained Expedia Group, Inc. (NASDAQ:EXPE) on Friday, October 27 with “Hold” rating. Barclays Capital maintained Expedia Group, Inc. (NASDAQ:EXPE) on Friday, April 27 with “Overweight” rating. The rating was maintained by Piper Jaffray with “Buy” on Tuesday, July 11. The stock has “Outperform” rating by RBC Capital Markets on Friday, October 30. The stock of Expedia Group, Inc. (NASDAQ:EXPE) has “Neutral” rating given on Tuesday, August 4 by Janney Capital. The stock of Expedia Group, Inc. (NASDAQ:EXPE) has “Buy” rating given on Wednesday, August 30 by RBC Capital Markets. The company was maintained on Wednesday, October 4 by SunTrust. The firm has “Buy” rating by Citigroup given on Wednesday, June 28. The rating was downgraded by Argus Research on Tuesday, December 5 to “Hold”.

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

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