EXPE
Another one bites the dust
Massachusetts Financial Services Co. MA didn’t just trim its Expedia position — it basically went full Marie Kondo on it. The fund sold 531,177 shares in the latest 13F filing, cutting the stake by 98.8% and leaving just 6,704 shares on the books.
Why you should care
When a large institutional holder slashes a name this hard, it can be a quiet vote of no confidence, or at least a portfolio reshuffle with some real conviction behind it. Either way, it’s the kind of move investors notice, because big holders don’t usually wake up and sell half a million shares on a whim.
The timing is awkwardly interesting
The pullback lands in a week where Expedia is doing a lot of the right things:
- Quarterly EPS came in at $3.78 vs. $3.32 expected
- Revenue hit $3.55 billion, up 11.4% year over year
- The board raised the quarterly dividend to $0.48 from $0.40
- Shares were up about 4.5% near $265.84
So the business has some sparkle, even if one major shareholder is heading for the exit. That’s the market in a nutshell: one hand hands out a dividend hike, the other hand quietly sells the furniture.
Big picture
Expedia still has heavyweight institutional support overall, but this filing is a reminder that even decent results don’t guarantee everyone will stick around for the sequel. For EXPE investors, the earnings beat is the headline; the fund exit is the eyebrow raise.