Altimeter Capital Management LP Lowered Its Expedia Group (EXPE) Position as Valuation Rose; Turtle Creek Asset Management Has Trimmed Its Tjx Companies (TJX) Stake by $3.14 Million as Share Price Rose

June 14, 2018 - By Vivian Park

The TJX Companies, Inc. (NYSE:TJX) Logo

Turtle Creek Asset Management Inc decreased its stake in Tjx Companies Inc (TJX) by 4.76% based on its latest 2018Q1 regulatory filing with the SEC. Turtle Creek Asset Management Inc sold 38,819 shares as the company’s stock rose 11.74% while stock markets declined. The institutional investor held 776,231 shares of the consumer services company at the end of 2018Q1, valued at $63.31 million, down from 815,050 at the end of the previous reported quarter. Turtle Creek Asset Management Inc who had been investing in Tjx Companies Inc for a number of months, seems to be less bullish one the $59.08 billion market cap company. The stock decreased 0.25% or $0.24 during the last trading session, reaching $94.49. About 1.25M shares traded. The TJX Companies, Inc. (NYSE:TJX) has risen 16.90% since June 14, 2017 and is uptrending. It has outperformed by 4.33% the S&P500. Some Historical TJX News: 29/05/2018 – Urban League of Eastern Massachusetts Partners with TJX and Jobcase for the Seventh Annual Jobs Rebuild Boston Community Conference and Career Fair, One of Boston’s Largest Annual Job Fairs; 04/04/2018 – TJX COS. BOOSTS QTR DIV/SHR TO 39C FROM 31.25C, EST. 35C; 17/05/2018 – Home Furn News: TJX Lays Off Hundreds of Employees in IT Restructuring; 04/04/2018 – TJX Companies Plans to Increase Share Buyback Program, With About $2.5 Billion to $3 Billion of Repurchases Planned for Fiscal 2019; 22/05/2018 – Bargain-hungry shoppers help

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 1.47 million 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 $216.85M, down from 3.43 million 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 $18.52 billion market cap company. The stock increased 0.83% or $1.01 during the last trading session, reaching $123.35. About 586,386 shares traded. Expedia Group, Inc. (NASDAQ:EXPE) has declined 19.04% since June 14, 2017 and is downtrending. It has underperformed by 31.61% the S&P500. Some Historical EXPE News: 26/04/2018 – Expedia 1Q Loss $149M; 03/04/2018 – MARRIOTT COULD CUT COMMISSIONS IT PAYS TO THE OTAS, INCLUDING EXPEDIA AND BOOKINGS HOLDINGS, STARTING LATER THIS YEAR – CEO; 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; 05/03/2018 Expedia® CruiseShipCenters® Announces Expansion Plans for Texas; 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; 26/04/2018 – EXPEDIA GROUP INC QTRLY SHR LOSS $0.91; 26/04/2018 – Expedia 1Q Loss/Shr 91c; 12/04/2018 – Celebrate King’s Day like a True Dutchman with Expedia.co.uk; 26/04/2018 – EU moves to regulate tech giants’ business practices; 26/04/2018 – EXPEDIA GROUP INC – QTRLY REVENUE EXCLUDING TRIVAGO WAS $2.3 BILLION, AN INCREASE OF 15% COMPARED TO THE FIRST QUARTER OF 2017

Altimeter Capital Management Lp, which manages about $1.35 billion and $2.02B US Long portfolio, upped its stake in Alphabet Inc by 11,000 shares to 16,100 shares, valued at $16.70M 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 3.35 million shares, and has risen its stake in United Continental Holdings (NYSE:UAL).

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. The firm has “Hold” rating by Argus Research given on Tuesday, December 5. Citigroup initiated Expedia Group, Inc. (NASDAQ:EXPE) on Tuesday, January 10 with “Sell” rating. Jefferies maintained the stock with “Hold” rating in Tuesday, June 6 report. Miller Tabak initiated it with “Buy” rating and $150 target in Wednesday, January 18 report. The firm has “Buy” rating given on Tuesday, March 8 by Moffett Nathanson. Credit Suisse maintained the shares of EXPE in report on Friday, October 27 with “Neutral” rating. Stifel Nicolaus upgraded Expedia Group, Inc. (NASDAQ:EXPE) on Thursday, November 10 to “Hold” rating. Credit Suisse maintained Expedia Group, Inc. (NASDAQ:EXPE) rating on Tuesday, July 25. Credit Suisse has “Buy” rating and $16200 target. The firm earned “Buy” rating on Wednesday, May 31 by Cantor Fitzgerald. Credit Suisse reinitiated Expedia Group, Inc. (NASDAQ:EXPE) on Wednesday, January 11 with “Outperform” rating.

More news for Expedia Group, Inc. (NASDAQ:EXPE) were recently published by: Forbes.com, which released: “After A Strong Start To The Year, What We Expect From Expedia In 2018” on May 29, 2018. Seekingalpha.com‘s article titled: “Booking Holdings: Great Business Despite Increasing Competition” and published on May 30, 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 dropped, 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. American Natl Ins Tx stated it has 35,460 shares or 0.2% of all its holdings. Elk Creek Partners Ltd stated it has 2,486 shares or 0.02% of all its holdings. Daiwa Grp owns 0.03% invested in Expedia Group, Inc. (NASDAQ:EXPE) for 36,810 shares. Mitsubishi Ufj Tru And Bk, Japan-based fund reported 249,943 shares. Moneta Grp Inc Advsrs Llc owns 128 shares or 0% of their US portfolio. Oz Ltd Partnership reported 32,762 shares. Ibm Retirement Fund holds 0.06% of its portfolio in Expedia Group, Inc. (NASDAQ:EXPE) for 2,706 shares. Natl Registered Investment Advisor owns 3,845 shares for 0.21% of their portfolio. 83,770 were reported by Harris Assoc L P. Cs Mckee LP holds 87,850 shares. Virginia Retirement Sys Et Al holds 0.01% of its portfolio in Expedia Group, Inc. (NASDAQ:EXPE) for 4,100 shares. Sphera Funds Mgmt Limited has 18,900 shares for 0.32% of their portfolio. Kentucky Retirement Insurance Trust Fund invested 0.06% in Expedia Group, Inc. (NASDAQ:EXPE). Farmers Merchants Invests owns 44 shares for 0% of their portfolio. Natl Bank Of America De holds 594,135 shares or 0.01% of its portfolio.

Analysts await Expedia Group, Inc. (NASDAQ:EXPE) to report earnings on July, 26. They expect $0.53 EPS, down 19.70% or $0.13 from last year’s $0.66 per share. EXPE’s profit will be $79.58M for 58.18 P/E if the $0.53 EPS becomes a reality. After $-0.69 actual EPS reported by Expedia Group, Inc. for the previous quarter, Wall Street now forecasts -176.81% EPS growth.

Investors sentiment decreased to 0.91 in Q1 2018. Its down 0.16, from 1.07 in 2017Q4. It dived, as 64 investors sold TJX shares while 387 reduced holdings. 99 funds opened positions while 311 raised stakes. 535.05 million shares or 1.96% less from 545.74 million shares in 2017Q4 were reported. Ing Groep Nv, Netherlands-based fund reported 6,504 shares. Southeast Asset Advsr stated it has 0.12% of its portfolio in The TJX Companies, Inc. (NYSE:TJX). Wilbanks Smith & Thomas Asset Limited Com holds 0.02% or 3,038 shares. Vigilant Capital Llc reported 0.01% stake. Private Harbour Invest Management Counsel Lc reported 2.73% of its portfolio in The TJX Companies, Inc. (NYSE:TJX). Rock Point Advsrs Limited Liability Corp owns 117,152 shares. Geode Mgmt Lc invested in 0.2% or 7.42M shares. Japan-based Mitsubishi Ufj Secs Holdings Company Ltd has invested 0.31% in The TJX Companies, Inc. (NYSE:TJX). Williams Jones & Associates Limited Liability Corporation accumulated 597,966 shares or 1.13% of the stock. Montag A Associates invested in 43,512 shares. Fuller Thaler Asset Management has invested 0.01% in The TJX Companies, Inc. (NYSE:TJX). The Massachusetts-based Grimes And Company has invested 0.03% in The TJX Companies, Inc. (NYSE:TJX). Advantus Cap has invested 0.13% in The TJX Companies, Inc. (NYSE:TJX). 63,466 are held by East Coast Asset Mngmt Limited Liability Corp. Bbva Compass Bank & Trust holds 67,406 shares or 0.35% of its portfolio.

Analysts await The TJX Companies, Inc. (NYSE:TJX) to report earnings on August, 21. They expect $1.04 EPS, up 22.35% or $0.19 from last year’s $0.85 per share. TJX’s profit will be $650.21M for 22.71 P/E if the $1.04 EPS becomes a reality. After $1.13 actual EPS reported by The TJX Companies, Inc. for the previous quarter, Wall Street now forecasts -7.96% negative EPS growth.

Since March 1, 2018, it had 0 insider purchases, and 9 insider sales for $17.25 million activity. $195,425 worth of stock was sold by Sherr Richard on Wednesday, May 23. Another trade for 16,344 shares valued at $1.36 million was sold by Goldenberg Scott. Shares for $11.08M were sold by MEYROWITZ CAROL on Thursday, March 1. On Tuesday, March 6 the insider Herrman Ernie sold $840,000.

Among 30 analysts covering The TJX Companies (NYSE:TJX), 25 have Buy rating, 0 Sell and 5 Hold. Therefore 83% are positive. The TJX Companies had 87 analyst reports since August 10, 2015 according to SRatingsIntel. The stock has “Buy” rating by Deutsche Bank on Monday, April 30. The firm has “Outperform” rating given on Wednesday, August 17 by Wedbush. The stock has “Outperform” rating by Wedbush on Wednesday, November 16. The firm has “Overweight” rating given on Wednesday, November 15 by Morgan Stanley. RBC Capital Markets maintained The TJX Companies, Inc. (NYSE:TJX) rating on Monday, September 18. RBC Capital Markets has “Buy” rating and $76.0 target. Cowen & Co maintained The TJX Companies, Inc. (NYSE:TJX) on Thursday, March 1 with “Outperform” rating. Telsey Advisory Group maintained The TJX Companies, Inc. (NYSE:TJX) on Thursday, February 25 with “Market Perform” rating. The rating was maintained by Nomura with “Buy” on Wednesday, November 15. Wells Fargo downgraded The TJX Companies, Inc. (NYSE:TJX) on Wednesday, January 3 to “Market Perform” rating. The firm has “Buy” rating given on Thursday, March 1 by Buckingham Research.

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