As Expedia Del (EXPE) Stock Value Rose, Holder Par Capital Management Cut Its Stake by $858,000; Banco Santander Sa (SAN) Stock Value Rose While Arrowstreet Capital Limited Partnership Has Cut by $7.00 Million Its Stake

January 28, 2018 - By Adrian Erickson

Arrowstreet Capital Limited Partnership decreased its stake in Banco Santander Sa (SAN) by 17.76% based on its latest 2017Q3 regulatory filing with the SEC. Arrowstreet Capital Limited Partnership sold 1.17 million shares as the company’s stock rose 20.33% with the market. The institutional investor held 5.41M shares of the finance company at the end of 2017Q3, valued at $37.52 million, down from 6.57 million at the end of the previous reported quarter. Arrowstreet Capital Limited Partnership who had been investing in Banco Santander Sa for a number of months, seems to be less bullish one the $117.52B market cap company. The stock increased 0.40% or $0.03 during the last trading session, reaching $7.55. About 3.51 million shares traded. Banco Santander, S.A. (NYSE:SAN) has risen 44.48% since January 28, 2017 and is uptrending. It has outperformed by 27.78% the S&P500.

Paul Reeder decreased its stake in Expedia Inc Del (EXPE) by 0.08% based on its latest 2017Q3 regulatory filing with the SEC. Par Capital Management Inc sold 6,000 shares as the company’s stock rose 18.57% with the market. The hedge fund run by Paul Reeder held 7.81 million shares of the consumer services company at the end of 2017Q3, valued at $1.12B, down from 7.81 million at the end of the previous reported quarter. Par Capital Management Inc who had been investing in Expedia Inc Del for a number of months, seems to be less bullish one the $20.09 billion market cap company. The stock increased 0.50% or $0.65 during the last trading session, reaching $131.76. About 1.54 million shares traded. Expedia, Inc. (NASDAQ:EXPE) has risen 30.43% since January 28, 2017 and is uptrending. It has outperformed by 13.73% the S&P500.

Investors sentiment increased to 1.43 in 2017 Q3. Its up 0.14, from 1.29 in 2017Q2. It increased, as 42 investors sold EXPE shares while 152 reduced holdings. 84 funds opened positions while 193 raised stakes. 124.65 million shares or 0.14% more from 124.48 million shares in 2017Q2 were reported. 7,546 are owned by Creative Planning. Nippon Life Insur owns 6,763 shares for 0.02% of their portfolio. Mutual Of America Management Llc has 0.04% invested in Expedia, Inc. (NASDAQ:EXPE) for 16,517 shares. Maverick Capital Ltd, a Texas-based fund reported 23,650 shares. Neuberger Berman Ltd accumulated 1.63 million shares or 0.29% of the stock. 6,145 were reported by Envestnet Asset Inc. Gotham Asset Ltd owns 12,965 shares for 0.03% of their portfolio. Allen Operations Ltd Co owns 24,470 shares or 3.13% of their US portfolio. 137,423 were accumulated by Allen. Advantus Capital Mngmt invested in 0.05% or 12,447 shares. Barclays Public Ltd Limited Liability Company owns 113,371 shares. New York-based Metropolitan Life Insur Ny has invested 0.06% in Expedia, Inc. (NASDAQ:EXPE). State Of Tennessee Treasury Department stated it has 61,932 shares. Pictet Asset Mngmt Ltd owns 632,779 shares. Etrade Mgmt Limited Com holds 15,417 shares or 0.08% of its portfolio.

Par Capital Management Inc, which manages about $3.46B and $8.80 billion US Long portfolio, upped its stake in United Contl Hldgs Inc (NYSE:UAL) by 3.64 million shares to 19.93 million shares, valued at $1.21 billion in 2017Q3, according to the filing. It also increased its holding in Ehealth Inc (NASDAQ:EHTH) by 375,858 shares in the quarter, for a total of 450,858 shares, and has risen its stake in Mckesson Corp (NYSE:MCK).

Analysts await Expedia, Inc. (NASDAQ:EXPE) to report earnings on February, 8. They expect $0.94 earnings per share, down 3.09% or $0.03 from last year’s $0.97 per share. EXPE’s profit will be $143.35M for 35.04 P/E if the $0.94 EPS becomes a reality. After $2.49 actual earnings per share reported by Expedia, Inc. for the previous quarter, Wall Street now forecasts -62.25% negative EPS growth.

Among 36 analysts covering Expedia Inc. (NASDAQ:EXPE), 27 have Buy rating, 0 Sell and 9 Hold. Therefore 75% are positive. Expedia Inc. had 106 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Expedia, Inc. (NASDAQ:EXPE) earned “Buy” rating by Needham on Wednesday, June 21. The firm earned “Buy” rating on Friday, October 27 by Citigroup. As per Wednesday, January 3, the company rating was upgraded by Bank of America. The firm has “Outperform” rating by CLSA given on Thursday, December 8. The stock of Expedia, Inc. (NASDAQ:EXPE) earned “Overweight” rating by Pacific Crest on Thursday, October 20. Brean Capital maintained the shares of EXPE in report on Thursday, March 10 with “Buy” rating. Needham initiated the shares of EXPE in report on Wednesday, January 4 with “Buy” rating. On Friday, January 12 the stock rating was maintained by SunTrust with “Buy”. Cowen & Co maintained the stock with “Buy” rating in Friday, July 7 report. Piper Jaffray maintained Expedia, Inc. (NASDAQ:EXPE) on Tuesday, July 11 with “Buy” rating.

Among 11 analysts covering Banco Santander (NYSE:SAN), 6 have Buy rating, 1 Sell and 4 Hold. Therefore 55% are positive. Banco Santander had 18 analyst reports since July 31, 2015 according to SRatingsIntel. BNP Paribas downgraded the shares of SAN in report on Thursday, February 9 to “Underperform” rating. The rating was upgraded by Deutsche Bank to “Hold” on Friday, August 28. UBS upgraded the stock to “Buy” rating in Wednesday, February 1 report. The rating was maintained by JP Morgan with “Buy” on Friday, April 21. The stock of Banco Santander, S.A. (NYSE:SAN) has “Sector Perform” rating given on Wednesday, October 19 by RBC Capital Markets. The company was upgraded on Monday, April 25 by JP Morgan. HSBC upgraded the shares of SAN in report on Friday, August 14 to “Reduce” rating. The firm has “Market Perform” rating given on Friday, April 28 by Wood. As per Friday, September 18, the company rating was upgraded by Citigroup. The rating was downgraded by Kepler Cheuvreux on Friday, July 31 to “Hold”.

Arrowstreet Capital Limited Partnership, which manages about $55.30 billion and $37.39B US Long portfolio, upped its stake in Limelight Networks Inc (NASDAQ:LLNW) by 476,251 shares to 552,235 shares, valued at $2.19 million in 2017Q3, according to the filing. It also increased its holding in Kronos Worldwide Inc (NYSE:KRO) by 120,060 shares in the quarter, for a total of 651,514 shares, and has risen its stake in Verisign Inc (NASDAQ:VRSN).