Allen Investment Management Has Increased Its Position in Expedia Group (EXPE) as Stock Rose; United States Stl New (X) Shareholder Honeywell International Decreased Its Holding by $15.25 Million as Market Value Declined

June 22, 2018 - By Dolores Ford

Expedia Group, Inc. (NASDAQ:EXPE) Logo

Honeywell International Inc decreased its stake in United States Stl Corp New (X) by 66.96% based on its latest 2018Q1 regulatory filing with the SEC. Honeywell International Inc sold 435,800 shares as the company’s stock declined 20.24% with the market. The institutional investor held 215,000 shares of the steel and iron ore company at the end of 2018Q1, valued at $7.57 million, down from 650,800 at the end of the previous reported quarter. Honeywell International Inc who had been investing in United States Stl Corp New for a number of months, seems to be less bullish one the $6.26B market cap company. The stock decreased 0.92% or $0.33 during the last trading session, reaching $35.4. About 5.34 million shares traded. United States Steel Corporation (NYSE:X) has risen 74.77% since June 22, 2017 and is uptrending. It has outperformed by 62.20% the S&P500. Some Historical X News: 12/03/2018 – Coal News: US steel tariffs to have limited impact to global coking coal supply: sources – Platts; 02/04/2018 – Justice Department: U. S. Steel Corp. Agrees to Resolve Alleged Violations of Clean Water Act in Indiana; 05/03/2018 – United States Steel: Glenda G. McNeal Won’t Stand for Re-election to Board at April 24 Meeting; 26/04/2018 – US Steel 1Q EPS 10c; 29/03/2018 – UNITED STATES STEEL CORP X.N : DEUTSCHE BANK RAISES TARGET PRICE TO $50 FROM $44; 13/03/2018 – U.S. Steel Sags as Earnings Guidance Tempers Tariff Exuberance; 07/03/2018 – US STEEL SEES CALLING BACK ABOUT 500 WORKERS THIS MONTH; 07/03/2018 – United Steelworkers Union Welcomes News of Restart at U.S. Steel Granite City Works; 27/04/2018 – U.S. STEEL CEO: FIRST QUARTER WAS THE `LOW WATER MARK’ FOR US; 07/03/2018 – United States Steel to Restart Granite City Works Blast Furnace, Steelmaking Facilities

Allen Investment Management Llc increased its stake in Expedia Group Inc (EXPE) by 16.43% based on its latest 2018Q1 regulatory filing with the SEC. Allen Investment Management Llc bought 4,039 shares as the company’s stock rose 10.51% while stock markets declined. The hedge fund held 28,615 shares of the consumer services company at the end of 2018Q1, valued at $3.16M, up from 24,576 at the end of the previous reported quarter. Allen Investment Management Llc who had been investing in Expedia Group Inc for a number of months, seems to be bullish on the $18.56 billion market cap company. The stock decreased 1.02% or $1.27 during the last trading session, reaching $123.63. About 1.09M shares traded. Expedia Group, Inc. (NASDAQ:EXPE) has declined 19.04% since June 22, 2017 and is downtrending. It has underperformed by 31.61% the S&P500. Some Historical EXPE News: 20/04/2018 – DJ Expedia Inc, Inst Holders, 1Q 2018 (EXPE); 15/05/2018 – Eurowings to expand online presence in bid to drive sales; 03/04/2018 – Marriott aims to cut commissions for online agencies -CEO; 20/03/2018 – AMERICAN EXPRESS SAYS ALERTED BY EXPEDIA ABOUT CYBER ATTACK; 26/04/2018 – EXPEDIA 1Q ADJ EBITDA $124B, EST. $116.4M; 26/04/2018 – Expedia Delivers Sales Beat — Earnings Review; 14/05/2018 – Tobam Adds Expedia, Exits Dr Pepper Snapple, Buys More PG&E: 13F; 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; 26/04/2018 – EXPEDIA GROUP INC – TRIVAGO CONTINUED TO INCREASE SHARE OF THE REST OF WORLD REGION IN FIRST QUARTER TO 20%, UP FROM 15% IN SAME PERIOD OF 2017; 26/03/2018 – Expedia, Inc. Announces Name Change to Expedia Group, Inc

More notable recent Expedia Group, Inc. (NASDAQ:EXPE) news were published by: Seekingalpha.com which released: “Booking Holdings: Great Business Despite Increasing Competition” on May 30, 2018, also Seekingalpha.com with their article: “Booking Holdings: International Agency Growth” published on June 22, 2018, Forbes.com published: “After A Strong Start To The Year, What We Expect From Expedia In 2018” on May 29, 2018. More interesting news about Expedia Group, Inc. (NASDAQ:EXPE) were released by: Seekingalpha.com and their article: “Despegar Remains Expensive After The Recent Selloff” published on June 18, 2018 as well as Investorplace.com‘s news article titled: “20 Nasdaq-100 Stocks That Will Heat Up 2H18” with publication date: June 15, 2018.

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 earned “Neutral” rating on Thursday, February 11 by Nomura. The firm has “Overweight” rating by Barclays Capital given on Tuesday, February 9. On Thursday, February 11 the stock rating was maintained by Credit Suisse with “Neutral”. The company was maintained on Friday, February 9 by Guggenheim. On Wednesday, August 30 the stock rating was maintained by Stifel Nicolaus with “Hold”. RBC Capital Markets maintained the shares of EXPE in report on Wednesday, August 30 with “Buy” rating. SunTrust maintained the shares of EXPE in report on Friday, January 12 with “Buy” rating. SunTrust maintained it with “Buy” rating and $190.0 target in Wednesday, October 4 report. Stifel Nicolaus upgraded Expedia Group, Inc. (NASDAQ:EXPE) on Friday, January 6 to “Buy” rating. Bank of America downgraded Expedia Group, Inc. (NASDAQ:EXPE) on Friday, October 27 to “Hold” rating.

Investors sentiment decreased to 0.89 in Q1 2018. Its down 0.17, from 1.06 in 2017Q4. It is negative, 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. Royal National Bank Of Canada holds 0.02% or 353,109 shares in its portfolio. Advantus reported 12,353 shares or 0.03% of all its holdings. Rafferty Asset Mgmt Limited Liability Company holds 0.03% or 15,810 shares in its portfolio. First Trust Advsr Lp stated it has 0.43% in Expedia Group, Inc. (NASDAQ:EXPE). Andra Ap owns 25,800 shares for 0.07% of their portfolio. Wesbanco Natl Bank accumulated 5,527 shares or 0.03% of the stock. State Bank Of Ny Mellon Corp owns 967,219 shares. Da Davidson owns 0.19% invested in Expedia Group, Inc. (NASDAQ:EXPE) for 85,290 shares. Pacific Glob Invest Mgmt Commerce holds 0.07% or 2,644 shares. Alexandria Cap has invested 0.11% in Expedia Group, Inc. (NASDAQ:EXPE). Exxonmobil Inv Management Tx has invested 0.06% in Expedia Group, Inc. (NASDAQ:EXPE). Wetherby Asset Management accumulated 2,240 shares. Polar Cap Ltd Liability Partnership holds 527,021 shares. Moreover, Haverford Com has 0.01% invested in Expedia Group, Inc. (NASDAQ:EXPE) for 4,423 shares. Conning Inc has invested 0.01% in Expedia Group, Inc. (NASDAQ:EXPE).

Allen Investment Management Llc, which manages about $2.32B and $2.40B US Long portfolio, decreased its stake in Amerisourcebergen Corp (NYSE:ABC) by 430,097 shares to 561,034 shares, valued at $48.37M in 2018Q1, according to the filing. It also reduced its holding in Danaher Corp Del (NYSE:DHR) by 13,762 shares in the quarter, leaving it with 978,110 shares, and cut its stake in Conocophillips (NYSE:COP).

More recent United States Steel Corporation (NYSE:X) news were published by: Finance.Yahoo.com which released: “What Does United States Steel Corporation’s (NYSE:X) Share Price Indicate?” on June 13, 2018. Also Benzinga.com published the news titled: “The Original Dow Jones Industrial Average: Where Are They Now?” on June 20, 2018. Seekingalpha.com‘s news article titled: “Valuation Analysis Update For US Steel” with publication date: May 24, 2018 was also an interesting one.

Honeywell International Inc, which manages about $1.71 billion US Long portfolio, upped its stake in Forest City Rlty Tr Inc by 32,545 shares to 113,794 shares, valued at $2.31M in 2018Q1, according to the filing. It also increased its holding in Rexford Indl Rlty Inc (NYSE:REXR) by 30,690 shares in the quarter, for a total of 84,269 shares, and has risen its stake in Host Hotels & Resorts Inc (NYSE:HST).

Among 25 analysts covering United States Steel Corporation (NYSE:X), 11 have Buy rating, 3 Sell and 11 Hold. Therefore 44% are positive. United States Steel Corporation had 117 analyst reports since July 30, 2015 according to SRatingsIntel. Morgan Stanley maintained United States Steel Corporation (NYSE:X) on Tuesday, February 6 with “Overweight” rating. The firm earned “Neutral” rating on Wednesday, June 15 by Bank of America. The stock of United States Steel Corporation (NYSE:X) earned “Equal-Weight” rating by Barclays Capital on Thursday, August 3. The company was downgraded on Thursday, July 27 by Longbow. The firm has “Neutral” rating by Macquarie Research given on Monday, April 24. The rating was upgraded by Bank of America to “Buy” on Friday, April 27. Longbow upgraded the stock to “Buy” rating in Wednesday, December 20 report. The company was maintained on Monday, December 5 by Deutsche Bank. On Monday, February 6 the stock rating was upgraded by Argus Research to “Buy”. Morgan Stanley downgraded it to “Equal-Weight” rating and $19 target in Monday, November 9 report.

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

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