Senator Investment Group LP Cut Expedia Group (EXPE) Holding By $48.60 Million; PacWest Bancorp (PACW) Had 4 Bullish Analysts

September 14, 2018 - By Joe Cepeda

Expedia Group, Inc. (NASDAQ:EXPE) Logo

Senator Investment Group Lp decreased Expedia Group Inc (EXPE) stake by 10.74% reported in 2018Q2 SEC filing. Senator Investment Group Lp sold 405,000 shares as Expedia Group Inc (EXPE)’s stock rose 7.27%. The Senator Investment Group Lp holds 3.37M shares with $404.44M value, down from 3.77M last quarter. Expedia Group Inc now has $19.35B valuation. The stock decreased 0.73% or $0.955 during the last trading session, reaching $129.455. About 487,769 shares traded. Expedia Group, Inc. (NASDAQ:EXPE) has declined 9.71% since September 14, 2017 and is downtrending. It has underperformed by 25.33% the S&P500. Some Historical EXPE News: 03/04/2018 – MARRIOTT COULD CUT COMMISSIONS IT PAYS TO THE OTAS, INCLUDING EXPEDIA AND BOOKINGS HOLDINGS, STARTING LATER THIS YEAR – CEO; 09/04/2018 – Driving loyalty through customer experience is the future for travel, says research survey by Expedia Affiliate Network and Points; 20/03/2018 – AXP: EXPEDIA SAYS SOME CUSTOMERS MAY BE EXPOSED TO CYBER ATTACK; 13/04/2018 – Calamos Adds Humana, Exits Expedia, Cuts Wells Fargo: 13F; 30/04/2018 – Expedia’s Airplane + Hotel Etiquette Study Reveals the Latest in Travel Annoyances; 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; 07/03/2018 – Manu Close-Up: Expedia Taps AIG Travel as Global Travel Insurance Provider; 26/03/2018 – ‘Expedia Group Reflects Global Focus, Strength of Multi-Brand Travel Portfolio’; 26/04/2018 – Expedia 1Q Loss/Shr 91c; 26/04/2018 – EU moves to regulate tech giants’ business practices

Among 4 analysts covering Pacwest Bancorp (NASDAQ:PACW), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Pacwest Bancorp had 6 analyst reports since March 29, 2018 according to SRatingsIntel. As per Thursday, March 29, the company rating was maintained by Sandler O’Neill. Piper Jaffray maintained PacWest Bancorp (NASDAQ:PACW) rating on Wednesday, April 18. Piper Jaffray has “Buy” rating and $6100 target. The stock of PacWest Bancorp (NASDAQ:PACW) earned “Buy” rating by Sandler O’Neill on Tuesday, April 17. The stock has “Buy” rating by Sandler O’Neill on Friday, June 22. The firm has “Buy” rating given on Tuesday, April 10 by Raymond James. On Tuesday, April 17 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. See PacWest Bancorp (NASDAQ:PACW) latest ratings:

22/06/2018 Broker: Sandler O’Neill Rating: Buy New Target: $59.0000 Maintain
17/04/2018 Broker: Sandler O’Neill Rating: Buy New Target: $57.0000 Maintain
18/04/2018 Broker: Piper Jaffray Rating: Buy New Target: $61.0000 Maintain
17/04/2018 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $63.0000 Maintain
10/04/2018 Broker: Raymond James Rating: Buy Upgrade
29/03/2018 Broker: Sandler O’Neill Rating: Buy New Target: $56.0000 Maintain

Investors sentiment increased to 1.3 in Q2 2018. Its up 0.24, from 1.06 in 2018Q1. It improved, as 22 investors sold PacWest Bancorp shares while 104 reduced holdings. 53 funds opened positions while 111 raised stakes. 104.92 million shares or 0.65% less from 105.61 million shares in 2018Q1 were reported. Putnam Invests Limited Com has 0% invested in PacWest Bancorp (NASDAQ:PACW) for 40,720 shares. Heartland Advsrs holds 244,700 shares. Northwestern Mutual Wealth stated it has 589 shares. Hightower Advsrs Llc holds 0.03% or 90,743 shares. 4,700 were reported by Numerixs Techs Inc. Sit Assoc Inc reported 55,875 shares stake. Ipg Limited Liability Com holds 0% of its portfolio in PacWest Bancorp (NASDAQ:PACW) for 18,039 shares. Regions Financial Corporation holds 0% in PacWest Bancorp (NASDAQ:PACW) or 433 shares. Profund Advsr Lc holds 0.03% or 14,227 shares in its portfolio. Massachusetts-based Geode Cap Mgmt has invested 0.02% in PacWest Bancorp (NASDAQ:PACW). Neuberger Berman Group Ltd Llc has 0.09% invested in PacWest Bancorp (NASDAQ:PACW) for 1.69 million shares. Hollencrest has 31,842 shares. Aqr Cap Mngmt Ltd Liability Corporation, a Connecticut-based fund reported 17,505 shares. Comerica Financial Bank reported 383,689 shares. Mckinley Cap Management Lc Delaware stated it has 0.08% in PacWest Bancorp (NASDAQ:PACW).

More important recent PacWest Bancorp (NASDAQ:PACW) news were published by: Nasdaq.com which released: “PacWest Bancorp and El Dorado Savings Bank Agree to Merge” on September 12, 2018, also Nasdaq.com published article titled: “Square 1 Bank Announces Credit Facility to Outdoorsy”, Bizjournals.com published: “Los Angeles bank to buy El Dorado Savings in $466.7 million deal” on September 12, 2018. More interesting news about PacWest Bancorp (NASDAQ:PACW) was released by: Seekingalpha.com and their article: “PacWest: 4.69% Yield Plus Capital Appreciation” with publication date: August 22, 2018.

PacWest Bancorp operates as the holding firm for Pacific Western Bank, a state chartered bank that provides commercial banking services and products. The company has market cap of $6.14 billion. The firm accepts demand, money market, and time deposits. It has a 15.03 P/E ratio. It also provides real estate loans to professional developers and real estate investors for the acquisition, refinancing, and construction of commercial real estate properties; cash flow loans to finance business acquisitions and recapitalization activities; small business administration loans; asset loans for working capital needs; venture capital loans to support the start-up activities of entrepreneurial companies; and equipment-secured loans and leases.

The stock increased 0.82% or $0.41 during the last trading session, reaching $50.15. About 344,717 shares traded. PacWest Bancorp (NASDAQ:PACW) has risen 7.45% since September 14, 2017 and is uptrending. It has underperformed by 8.17% the S&P500. Some Historical PACW News: 16/05/2018 – Square 1 Bank Announces Credit Facility to Global Cooling, Inc; 16/05/2018 – PACWEST BANCORP HOLDERS VOTE AGAINST BOARD MEMBER ACKER; 24/04/2018 – PacWest Bancorp Announces Increased Qtrly Div; 17/04/2018 – PACWEST BANCORP 1Q TE NIM 5.11%; 17/04/2018 – PACWEST 1Q EPS 93C; 17/04/2018 – PacWest Bancorp 1Q Net Interest Income $256.5 Million; 17/04/2018 – PacWest Bancorp 1Q Net $118.3M; 21/04/2018 – DJ PacWest Bancorp, Inst Holders, 1Q 2018 (PACW); 24/04/2018 – PACWEST BANCORP BOOSTS QTR DIV TO 60C/SHR FROM 50C, EST. 50C; 27/04/2018 – PacWest Bancorp Appoints James Pieczynski Vice Chairman and Laird Boulden is promoted to President, CapitalSource Division

Among 14 analysts covering Expedia (NASDAQ:EXPE), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Expedia had 18 analyst reports since March 15, 2018 according to SRatingsIntel. The stock has “Overweight” rating by KeyBanc Capital Markets on Friday, July 27. The stock has “Neutral” rating by Wedbush on Friday, July 27. Barclays Capital maintained the shares of EXPE in report on Friday, April 27 with “Overweight” rating. On Friday, April 27 the stock rating was maintained by Credit Suisse with “Outperform”. The rating was maintained by Citigroup with “Buy” on Monday, July 30. The stock of Expedia Group, Inc. (NASDAQ:EXPE) has “Outperform” rating given on Friday, July 27 by Raymond James. Credit Suisse maintained it with “Outperform” rating and $160 target in Friday, July 27 report. The firm has “Buy” rating given on Wednesday, March 21 by Cowen & Co. KeyBanc Capital Markets maintained Expedia Group, Inc. (NASDAQ:EXPE) on Friday, April 27 with “Overweight” rating. On Friday, July 27 the stock rating was maintained by JP Morgan with “Neutral”.

Senator Investment Group Lp increased First Data Corp New stake by 2.75M shares to 10.25 million valued at $214.53 million in 2018Q2. It also upped Aptiv Plc stake by 800,000 shares and now owns 4.00 million shares. Cdk Global Inc (NASDAQ:CDK) was raised too.

Analysts await Expedia Group, Inc. (NASDAQ:EXPE) to report earnings on October, 25. They expect $2.93 earnings per share, up 17.67% or $0.44 from last year’s $2.49 per share. EXPE’s profit will be $437.89M for 11.05 P/E if the $2.93 EPS becomes a reality. After $1.11 actual earnings per share reported by Expedia Group, Inc. for the previous quarter, Wall Street now forecasts 163.96% EPS growth.

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

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