Hutchin Hill Capital LP Position in Fortinet (FTNT) Lowered by $589,100; Expedia (EXPE) Share Price Declined While Alta Capital Management Boosted Holding by $20.99 Million

April 22, 2018 - By Richard Conner

Expedia Group, Inc. (NASDAQ:EXPE) Logo

Alta Capital Management Llc increased its stake in Expedia Inc (EXPE) by 10231.61% based on its latest 2017Q4 regulatory filing with the SEC. Alta Capital Management Llc bought 176,393 shares as the company’s stock declined 12.14% with the market. The institutional investor held 178,117 shares of the consumer services company at the end of 2017Q4, valued at $21.33M, up from 1,724 at the end of the previous reported quarter. Alta Capital Management Llc who had been investing in Expedia Inc for a number of months, seems to be bullish on the $16.67B market cap company. The stock decreased 1.44% or $1.6 during the last trading session, reaching $109.77. About 1.43 million shares traded. Expedia Group, Inc. (NASDAQ:EXPE) has declined 17.38% since April 22, 2017 and is downtrending. It has underperformed by 28.93% the S&P500.

Neil Chriss decreased its stake in Fortinet Inc (FTNT) by 62.84% based on its latest 2017Q4 regulatory filing with the SEC. Hutchin Hill Capital Lp sold 13,700 shares as the company’s stock rose 21.43% while stock markets declined. The hedge fund run by Neil Chriss held 8,100 shares of the technology company at the end of 2017Q4, valued at $354,000, down from 21,800 at the end of the previous reported quarter. Hutchin Hill Capital Lp who had been investing in Fortinet Inc for a number of months, seems to be less bullish one the $9.60 billion market cap company. The stock decreased 0.45% or $0.26 during the last trading session, reaching $57.15. About 594,970 shares traded. Fortinet, Inc. (NASDAQ:FTNT) has risen 46.75% since April 22, 2017 and is uptrending. It has outperformed by 35.20% the S&P500.

Investors sentiment decreased to 1.06 in Q4 2017. Its down 0.37, from 1.43 in 2017Q3. It is negative, 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. Hound Ptnrs Limited Liability Corporation has invested 8.18% in Expedia Group, Inc. (NASDAQ:EXPE). Sterling Cap Mngmt Limited Liability Company invested in 24,921 shares. Valley Advisers Inc holds 0% or 12 shares. First Tru Advsr LP accumulated 0.39% or 1.37M shares. Blackrock stated it has 7.34M shares or 0.04% of all its holdings. Thompson Siegel And Walmsley Limited Liability Company reported 0.07% in Expedia Group, Inc. (NASDAQ:EXPE). Pub Employees Retirement Association Of Colorado holds 0.02% of its portfolio in Expedia Group, Inc. (NASDAQ:EXPE) for 24,179 shares. Dnb Asset Mngmt As accumulated 16,879 shares. Alexandria Cap Lc accumulated 6,489 shares. 19,547 are owned by Exxonmobil Investment Mngmt Tx. Capital Advisers Limited Liability Corporation holds 120,916 shares or 0.11% of its portfolio. Arizona State Retirement Sys accumulated 41,321 shares. Peddock Capital Ltd Liability Corp owns 20 shares. Private Ocean Llc holds 40 shares or 0% of its portfolio. Plante Moran owns 15 shares.

Among 42 analysts covering Expedia Inc. (NASDAQ:EXPE), 28 have Buy rating, 0 Sell and 14 Hold. Therefore 67% are positive. Expedia Inc. has $190 highest and $27 lowest target. $140.64’s average target is 28.12% above currents $109.77 stock price. Expedia Inc. had 130 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Buy” rating by Cowen & Co on Friday, February 9. On Thursday, March 15 the stock rating was downgraded by Macquarie Research to “Neutral”. The firm earned “Neutral” rating on Thursday, February 11 by Credit Suisse. On Friday, October 28 the stock rating was maintained by Stifel Nicolaus with “Sell”. The firm earned “Buy” rating on Thursday, September 28 by Jefferies. The company was initiated on Wednesday, January 18 by Miller Tabak. On Friday, February 9 the stock rating was downgraded by Benchmark to “Hold”. The company was maintained on Friday, January 12 by SunTrust. The firm has “Buy” rating by Piper Jaffray given on Friday, July 28. The rating was upgraded by Citigroup to “Buy” on Wednesday, June 28.

Alta Capital Management Llc, which manages about $1.48 billion and $1.59B US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 6,663 shares to 34,049 shares, valued at $2.91M in 2017Q4, according to the filing. It also reduced its holding in Dollar Tree Stores (NASDAQ:DLTR) by 37,255 shares in the quarter, leaving it with 660,206 shares, and cut its stake in Amphenol Corp Cl A (NYSE:APH).

Analysts await Fortinet, Inc. (NASDAQ:FTNT) to report earnings on May, 3 after the close. They expect $0.07 earnings per share, 0.00% or $0.00 from last year’s $0.07 per share. FTNT’s profit will be $11.76 million for 204.11 P/E if the $0.07 EPS becomes a reality. After $0.19 actual earnings per share reported by Fortinet, Inc. for the previous quarter, Wall Street now forecasts -63.16% negative EPS growth.

Among 36 analysts covering Fortinet Inc. (NASDAQ:FTNT), 21 have Buy rating, 1 Sell and 14 Hold. Therefore 58% are positive. Fortinet Inc. had 121 analyst reports since July 23, 2015 according to SRatingsIntel. The company was maintained on Wednesday, January 27 by RBC Capital Markets. The stock has “Buy” rating by Oppenheimer on Thursday, July 27. BMO Capital Markets maintained it with “Outperform” rating and $45 target in Friday, October 27 report. The rating was upgraded by Piper Jaffray to “Overweight” on Friday, February 3. JMP Securities maintained the stock with “Market Outperform” rating in Wednesday, October 12 report. On Tuesday, February 6 the stock rating was maintained by Credit Suisse with “Underperform”. The company was maintained on Wednesday, June 21 by Oppenheimer. The stock has “Market Perform” rating by Cowen & Co on Monday, December 14. BMO Capital Markets maintained it with “Buy” rating and $46.0 target in Thursday, August 31 report. BMO Capital Markets maintained the stock with “Buy” rating in Friday, July 14 report.

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

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