Expedia Del (EXPE) Stake Increased by Hound Partners Llc; Seagate Technology Plc (STX) Shareholder Summit Securities Group Has Raised Its Stake

April 24, 2018 - By Vivian Park

Seagate Technology plc (NASDAQ:STX) Logo

Jonathan Auerbach increased its stake in Expedia Inc Del (EXPE) by 0.54% based on its latest 2017Q4 regulatory filing with the SEC. Hound Partners Llc bought 13,291 shares as the company’s stock declined 12.14% with the market. The hedge fund run by Jonathan Auerbach held 2.49M shares of the consumer services company at the end of 2017Q4, valued at $298.28 million, up from 2.48 million at the end of the previous reported quarter. Hound Partners Llc who had been investing in Expedia Inc Del for a number of months, seems to be bullish on the $16.77 billion market cap company. The stock increased 0.03% or $0.03 during the last trading session, reaching $110.42. About 857,622 shares traded. Expedia Group, Inc. (NASDAQ:EXPE) has declined 17.38% since April 24, 2017 and is downtrending. It has underperformed by 28.93% the S&P500.

Summit Securities Group Llc increased its stake in Seagate Technology Plc (STX) by 32400% based on its latest 2017Q4 regulatory filing with the SEC. Summit Securities Group Llc bought 22,032 shares as the company’s stock rose 36.04% while stock markets declined. The institutional investor held 22,100 shares of the electronic components company at the end of 2017Q4, valued at $925,000, up from 68 at the end of the previous reported quarter. Summit Securities Group Llc who had been investing in Seagate Technology Plc for a number of months, seems to be bullish on the $16.58B market cap company. It closed at $58.22 lastly. It is down 27.74% since April 24, 2017 and is uptrending. It has outperformed by 16.19% the S&P500.

Among 35 analysts covering Seagate Technology Plc (NASDAQ:STX), 10 have Buy rating, 3 Sell and 22 Hold. Therefore 29% are positive. Seagate Technology Plc had 140 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Robert W. Baird with “Hold” on Monday, October 23. The company was downgraded on Friday, October 16 by Craig Hallum. The stock has “Hold” rating by Jefferies on Friday, October 13. Citigroup maintained the stock with “Neutral” rating in Tuesday, October 24 report. The firm earned “Underweight” rating on Monday, May 2 by JP Morgan. BMO Capital Markets maintained Seagate Technology plc (NASDAQ:STX) on Monday, July 24 with “Hold” rating. On Thursday, April 14 the stock rating was maintained by Brean Capital with “Buy”. As per Monday, May 2, the company rating was maintained by Needham. Jefferies downgraded the shares of STX in report on Monday, September 11 to “Hold” rating. Mizuho initiated Seagate Technology plc (NASDAQ:STX) rating on Friday, December 11. Mizuho has “Neutral” rating and $38 target.

Investors sentiment increased to 0.89 in 2017 Q4. Its up 0.11, from 0.78 in 2017Q3. It increased, as 52 investors sold STX shares while 161 reduced holdings. 80 funds opened positions while 109 raised stakes. 244.40 million shares or 5.86% less from 259.60 million shares in 2017Q3 were reported. Credit Suisse Ag stated it has 0.03% in Seagate Technology plc (NASDAQ:STX). Point72 Asia (Hong Kong) Ltd stated it has 0.07% in Seagate Technology plc (NASDAQ:STX). Livforsakringsbolaget Skandia Omsesidigt holds 33,761 shares or 0.14% of its portfolio. Macquarie Group Ltd holds 8,200 shares. Cibc Ww Corporation holds 83,522 shares or 0.03% of its portfolio. Northeast Fin Consultants Inc has invested 0.29% of its portfolio in Seagate Technology plc (NASDAQ:STX). Glg Ltd Liability Com holds 0.04% of its portfolio in Seagate Technology plc (NASDAQ:STX) for 13,919 shares. Benjamin F Edwards And Inc has 825 shares. Liberty Mutual Group Asset Mngmt holds 0.01% or 11,472 shares. Symons Mngmt holds 2.86% of its portfolio in Seagate Technology plc (NASDAQ:STX) for 239,748 shares. Putnam Invs Ltd Liability Corporation reported 8,262 shares or 0% of all its holdings. Citigroup Inc, New York-based fund reported 226,119 shares. Levin Capital Strategies LP invested 0.03% of its portfolio in Seagate Technology plc (NASDAQ:STX). Dekabank Deutsche Girozentrale holds 23,128 shares or 0.01% of its portfolio. Glenmede Tru Communication Na reported 0% in Seagate Technology plc (NASDAQ:STX).

Since October 27, 2017, it had 0 insider purchases, and 13 insider sales for $32.49 million activity. MORTON DAVID H JR also sold $1.93M worth of Seagate Technology plc (NASDAQ:STX) on Monday, March 5. LUCZO STEPHEN J sold 5,380 shares worth $322,800. 44,944 shares were sold by BRACE PHILIP G, worth $1.67M on Friday, October 27. $235,833 worth of Seagate Technology plc (NASDAQ:STX) was sold by Geldmacher Jay L. $781,850 worth of stock was sold by MURPHY JAMES J on Wednesday, January 31.

Summit Securities Group Llc, which manages about $840.93 million US Long portfolio, decreased its stake in Royal Caribbean Cruises Ltd (NYSE:RCL) by 3,000 shares to 4,200 shares, valued at $501,000 in 2017Q4, according to the filing. It also reduced its holding in Kinder Morgan Inc Del (Call) (NYSE:KMI) by 32,014 shares in the quarter, leaving it with 16,686 shares, and cut its stake in Spdr Dow Jones Indl Avrg Etf (DIA).

Among 42 analysts covering Expedia Inc. (NASDAQ:EXPE), 28 have Buy rating, 0 Sell and 14 Hold. Therefore 67% are positive. Expedia Inc. had 130 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was downgraded by Stifel Nicolaus on Monday, February 22 to “Sell”. As per Thursday, March 10, the company rating was upgraded by Piper Jaffray. The rating was maintained by Cowen & Co on Monday, September 11 with “Buy”. The stock of Expedia Group, Inc. (NASDAQ:EXPE) has “Hold” rating given on Tuesday, December 5 by Argus Research. The firm earned “Buy” rating on Friday, February 9 by Citigroup. Benchmark maintained it with “Buy” rating and $160 target in Monday, February 13 report. Stifel Nicolaus upgraded it to “Hold” rating and $130 target in Thursday, November 10 report. The rating was maintained by Citigroup with “Buy” on Friday, October 27. As per Friday, October 27, the company rating was maintained by Cowen & Co. The rating was maintained by Cantor Fitzgerald on Thursday, September 17 with “Buy”.

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

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