Steadfast Capital Management LP Lowered Holding in Expedia Del (EXPE) as Share Price Rose; Mar Vista Investment Partners Boosted Its Stake in Johnson & Johnson (JNJ) as Share Price Rose

January 14, 2018 - By Darrin Black

Mar Vista Investment Partners Llc increased its stake in Johnson & Johnson (JNJ) by 3.6% based on its latest 2017Q3 regulatory filing with the SEC. Mar Vista Investment Partners Llc bought 13,500 shares as the company’s stock rose 6.85% with the market. The institutional investor held 388,324 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $50.49M, up from 374,824 at the end of the previous reported quarter. Mar Vista Investment Partners Llc who had been investing in Johnson & Johnson for a number of months, seems to be bullish on the $391.59 billion market cap company. The stock increased 0.67% or $0.97 during the last trading session, reaching $145.76. About 5.45M shares traded. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since January 14, 2017 and is uptrending. It has underperformed by 4.16% the S&P500.

Robert Pitts decreased its stake in Expedia Inc Del (EXPE) by 30.12% based on its latest 2017Q3 regulatory filing with the SEC. Steadfast Capital Management Lp sold 614,923 shares as the company’s stock rose 18.57% with the market. The hedge fund run by Robert Pitts held 1.43M shares of the consumer services company at the end of 2017Q3, valued at $205.35 million, down from 2.04M at the end of the previous reported quarter. Steadfast Capital Management Lp who had been investing in Expedia Inc Del for a number of months, seems to be less bullish one the $20.18B market cap company. The stock increased 2.28% or $2.95 during the last trading session, reaching $132.36. About 2.25 million shares traded. Expedia, Inc. (NASDAQ:EXPE) has risen 30.43% since January 14, 2017 and is uptrending. It has outperformed by 13.73% the S&P500.

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 $143.34M for 35.20 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.

Steadfast Capital Management Lp, which manages about $8.17B and $6.46B US Long portfolio, upped its stake in Bank Amer Corp (NYSE:BAC) by 2.32M shares to 7.20M shares, valued at $182.52M in 2017Q3, according to the filing. It also increased its holding in Praxair Inc (NYSE:PX) by 448,880 shares in the quarter, for a total of 886,487 shares, and has risen its stake in Norfolk Southern Corp (NYSE:NSC).

Investors sentiment increased to 1.43 in Q3 2017. Its up 0.14, from 1.29 in 2017Q2. It improved, 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. Employees Retirement Sys Of Texas reported 7,000 shares. Assetmark, a California-based fund reported 12 shares. Tnb invested in 35,697 shares or 0.85% of the stock. Cantab Capital Prtn Ltd Liability Partnership has 320 shares for 0.01% of their portfolio. Daiwa Secs Grp accumulated 45,605 shares. 1.48 million are held by Brahman Cap. Cohen Steers Incorporated invested in 44,082 shares. Seabridge Invest Advsrs Lc holds 0.01% or 300 shares in its portfolio. Riverhead Cap Limited Com holds 0.03% of its portfolio in Expedia, Inc. (NASDAQ:EXPE) for 4,081 shares. Pettyjohn Wood & White invested 0.42% in Expedia, Inc. (NASDAQ:EXPE). 25,255 are owned by Monetary Mngmt Grp Incorporated. American National Insur Tx invested in 0.27% or 35,460 shares. Badgley Phelps & Bell holds 0.62% in Expedia, Inc. (NASDAQ:EXPE) or 58,398 shares. Exxonmobil Invest Mgmt Tx owns 22,311 shares or 0.08% of their US portfolio. Adage Cap Ptnrs Gru Lc holds 174,900 shares or 0.06% of its portfolio.

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 firm has “Outperform” rating by CLSA given on Thursday, December 8. The firm has “Overweight” rating given on Thursday, March 10 by Piper Jaffray. The stock of Expedia, Inc. (NASDAQ:EXPE) has “Buy” rating given on Friday, July 28 by RBC Capital Markets. Jefferies maintained the stock with “Buy” rating in Thursday, September 28 report. The stock has “Buy” rating by KeyBanc Capital Markets on Thursday, October 26. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, February 10 report. The firm has “Buy” rating given on Tuesday, July 11 by Piper Jaffray. The rating was maintained by Credit Suisse on Thursday, February 11 with “Neutral”. The firm has “Buy” rating by Deutsche Bank given on Friday, July 31. On Wednesday, September 6 the stock rating was maintained by Wells Fargo with “Buy”.

Investors sentiment is 0.83 in 2017 Q3. Its the same as in 2017Q2. It has no change, as 45 investors sold JNJ shares while 871 reduced holdings. only 111 funds opened positions while 645 raised stakes. 1.71 billion shares or 0.90% less from 1.73 billion shares in 2017Q2 were reported. Old Mutual Glob (Uk) Limited holds 0.28% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 204,414 shares. Capstone Fincl Advisors stated it has 0.73% in Johnson & Johnson (NYSE:JNJ). Cape Cod Five Cents Bancorporation owns 111,616 shares or 2.24% of their US portfolio. Brookstone reported 60,235 shares. Montrusco Bolton Investments has invested 0.48% in Johnson & Johnson (NYSE:JNJ). Coastline Trust Com reported 50,249 shares or 1.14% of all its holdings. 32,609 are owned by Lincoln Capital Limited Liability Company. Eidelman Virant Capital reported 0.74% of its portfolio in Johnson & Johnson (NYSE:JNJ). Beach Management Limited Liability, Pennsylvania-based fund reported 20,320 shares. Bright Rock Mngmt Limited Liability holds 43,000 shares. Wright Invsts owns 6,541 shares. Marathon Asset Mgmt Limited Liability Partnership reported 1.89 million shares or 4.03% of all its holdings. Kopp Inv Advsr Ltd Liability Corporation reported 6,257 shares. New York State Teachers Retirement Sys owns 1.5% invested in Johnson & Johnson (NYSE:JNJ) for 4.64M shares. Petrus Tru Lta has 3.57% invested in Johnson & Johnson (NYSE:JNJ).

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 12 have Buy rating, 5 Sell and 6 Hold. Therefore 52% are positive. Johnson & Johnson had 84 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, July 10 by BMO Capital Markets. The rating was upgraded by Argus Research to “Buy” on Wednesday, July 20. The rating was maintained by Jefferies with “Hold” on Tuesday, September 13. Morgan Stanley maintained Johnson & Johnson (NYSE:JNJ) rating on Wednesday, October 18. Morgan Stanley has “Equal-Weight” rating and $145 target. The stock of Johnson & Johnson (NYSE:JNJ) earned “Sell” rating by BTIG Research on Friday, July 21. The stock of Johnson & Johnson (NYSE:JNJ) has “Neutral” rating given on Friday, December 18 by Atlantic Securities. The stock has “Hold” rating by Jefferies on Tuesday, June 14. BMO Capital Markets maintained it with “Buy” rating and $14500 target in Tuesday, July 18 report. The company was upgraded on Tuesday, September 29 by Deutsche Bank. As per Wednesday, October 7, the company rating was maintained by RBC Capital Markets.

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