Covington Capital Management Lifted Taiwan Semiconductor Mfg LTD (TSM) Stake by $960,276 as Market Value Declined; Strategic Financial Services Has Raised Holding in Expedia Group (EXPE)

August 12, 2018 - By Billy Entrekin

Expedia Group, Inc. (NASDAQ:EXPE) Logo

Covington Capital Management increased its stake in Taiwan Semiconductor Mfg Ltd (TSM) by 9.3% based on its latest 2018Q1 regulatory filing with the SEC. Covington Capital Management bought 22,332 shares as the company’s stock declined 11.51% with the market. The institutional investor held 262,500 shares of the semiconductors company at the end of 2018Q1, valued at $11.49 million, up from 240,168 at the end of the previous reported quarter. Covington Capital Management who had been investing in Taiwan Semiconductor Mfg Ltd for a number of months, seems to be bullish on the $214.73B market cap company. The stock decreased 1.94% or $0.81 during the last trading session, reaching $41.03. About 7.05M shares traded. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has risen 10.49% since August 12, 2017 and is uptrending. It has underperformed by 2.08% the S&P500. Some Historical TSM News: 08/05/2018 – Patently Apple: While Apple’s Top iPhones in 2018 will use 7nm Processors, TSMC is set to deliver 7nm+ with EUV technology for; 10/05/2018 – TSMC 2330.TW TSM.N SAYS ORDERS MACHINERY EQUIPMENT WORTH T$2.4 BLN; 02/04/2018 – ADRs End Lower; Alibaba, ArcelorMittal and Taiwan Semiconductor Manufacturing Trade Actively; 19/04/2018 – TSMC Files Annual Report on Form 20-F for 2017; 13/04/2018 – TSMC 2330.TW TSM.N SAYS UNIT ORDERS MACHINERY EQUIPMENT WORTH T$519 MLN; 29/04/2018 – China’s $140 billion push to topple Intel, Samsung and TSMC; 26/03/2018 – TOKYO — Renesas Electronics will outsource all of its automotive microcontroller production to Taiwan Semiconductor Manufacturing Co. as it seeks to cut costly outlays on chipmaking machinery and concentrate on the development of software and semiconductors; 01/05/2018 – Mentor enhances tool portfolio for TSMC 5nm FinFET and 7nm FinFET Plus processes and Wafer-on-Wafer stacking technology; 10/04/2018 – Taiwan Semiconductor Manufacturing Mar Rev NT$103.70B; 15/05/2018 – LONE PINE ADDED DLTR, SBAC, TSM, TMUS, SQ IN 1Q: 13F

Strategic Financial Services Inc increased its stake in Expedia Group Inc. (EXPE) by 83.51% based on its latest 2018Q1 regulatory filing with the SEC. Strategic Financial Services Inc bought 14,886 shares as the company’s stock rose 10.51% while stock markets declined. The institutional investor held 32,711 shares of the consumer services company at the end of 2018Q1, valued at $3.61M, up from 17,825 at the end of the previous reported quarter. Strategic Financial Services Inc who had been investing in Expedia Group Inc. for a number of months, seems to be bullish on the $19.71B market cap company. The stock decreased 0.64% or $0.85 during the last trading session, reaching $131.89. About 959,161 shares traded. Expedia Group, Inc. (NASDAQ:EXPE) has declined 19.04% since August 12, 2017 and is downtrending. It has underperformed by 31.61% 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; 26/04/2018 – EXPEDIA 1Q ADJ LOSS/SHR 36C, EST. LOSS/SHR 48C; 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; 26/03/2018 – EXPEDIA, REPORTS NAME CHANGE TO EXPEDIA GROUP,; 07/03/2018 – EXPEDIA HOLDER LIBERTY EXPEDIA HOLDINGS REPORTS 19.4% STAKE; 31/05/2018 – Top Ford Executive Tapped for Key Speaking Role at Women in Automotive Conference; 30/04/2018 – Expedia’s Airplane + Hotel Etiquette Study Reveals the Latest in Travel Annoyances; 26/03/2018 – Rubicon Certified as a Great Place to Work®; 20/03/2018 – EXPE: Orbitz identified and remediated data breach, in which personal user information was accessed; 15/05/2018 – Fir Tree Adds FirstEnergy, Exits Expedia, Cuts NXP Semi: 13F

More recent Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) news were published by: Seekingalpha.com which released: “Reviewing TSMC’s Q2 Results” on July 24, 2018. Also Fool.com published the news titled: “Why TSMC’s Stock Rose 13% Last Month” on August 09, 2018. Seekingalpha.com‘s news article titled: “TSMC reports Q2 EPS beat, downside Q3 guide” with publication date: July 19, 2018 was also an interesting one.

Covington Capital Management, which manages about $1.97 billion and $1.52 billion US Long portfolio, decreased its stake in Conocophillips (NYSE:COP) by 5,798 shares to 102,013 shares, valued at $6.05 million in 2018Q1, according to the filing. It also reduced its holding in Pfizer Inc (NYSE:PFE) by 16,552 shares in the quarter, leaving it with 152,431 shares, and cut its stake in Avalonbay Cmntys Inc (Prn) (NYSE:AVB).

Among 8 analysts covering Taiwan Semiconductor Manufacturing (NYSE:TSM), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Taiwan Semiconductor Manufacturing had 18 analyst reports since August 24, 2015 according to SRatingsIntel. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, November 27. Goldman Sachs upgraded the stock to “Buy” rating in Monday, January 22 report. As per Wednesday, June 21, the company rating was downgraded by HSBC. KeyBanc Capital Markets maintained the shares of TSM in report on Wednesday, September 6 with “Hold” rating. The firm has “Hold” rating given on Thursday, October 13 by HSBC. As per Friday, October 14, the company rating was upgraded by Pacific Crest. The stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) earned “Hold” rating by Susquehanna on Thursday, April 19. The stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has “Buy” rating given on Tuesday, January 16 by HSBC. The firm earned “Buy” rating on Tuesday, October 10 by J.P. Morgan. The rating was upgraded by Credit Suisse to “Outperform” on Friday, December 11.

Among 43 analysts covering Expedia Inc. (NASDAQ:EXPE), 30 have Buy rating, 0 Sell and 13 Hold. Therefore 70% are positive. Expedia Inc. had 142 analyst reports since July 24, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the shares of EXPE in report on Friday, February 9 with “Hold” rating. KeyBanc Capital Markets maintained Expedia Group, Inc. (NASDAQ:EXPE) on Friday, February 9 with “Overweight” rating. The stock of Expedia Group, Inc. (NASDAQ:EXPE) earned “Overweight” rating by Piper Jaffray on Thursday, March 10. Bank of America downgraded Expedia Group, Inc. (NASDAQ:EXPE) on Friday, October 27 to “Hold” rating. Piper Jaffray maintained Expedia Group, Inc. (NASDAQ:EXPE) on Friday, July 28 with “Buy” rating. The company was maintained on Wednesday, May 31 by Cantor Fitzgerald. The rating was maintained by Needham with “Buy” on Thursday, September 28. Citigroup maintained it with “Buy” rating and $140 target in Friday, February 9 report. As per Wednesday, August 30, the company rating was maintained by RBC Capital Markets. The stock has “Buy” rating by RBC Capital Markets on Wednesday, October 11.

More notable recent Expedia Group, Inc. (NASDAQ:EXPE) news were published by: Fool.com which released: “Why Chipotle Mexican Grill, Expedia, and Atlassian Jumped Today” on July 27, 2018, also Nasdaq.com with their article: “Expedia (EXPE) Gears Up for Q2 Earnings: What’s in Store?” published on July 23, 2018, Benzinga.com published: “Expedia’s Q2 Earnings Preview” on July 26, 2018. More interesting news about Expedia Group, Inc. (NASDAQ:EXPE) were released by: Seekingalpha.com and their article: “Points International: A Solid Long-Term Bet” published on July 27, 2018 as well as Seekingalpha.com‘s news article titled: “Expedia Group (EXPE) Q2 2018 Results – Earnings Call Transcript” with publication date: July 27, 2018.

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. Manufacturers Life Ins Company The has 0.02% invested in Expedia Group, Inc. (NASDAQ:EXPE) for 130,449 shares. Bluestein R H Co reported 2,500 shares. Whittier Trust Of Nevada reported 284 shares or 0% of all its holdings. Sumitomo Mitsui Asset Mgmt Commerce Limited invested 0.01% of its portfolio in Expedia Group, Inc. (NASDAQ:EXPE). Millennium Management Lc reported 442,001 shares. Cs Mckee Lp has invested 0.76% in Expedia Group, Inc. (NASDAQ:EXPE). First Pacific Advsrs holds 2.45% or 2.91M shares. Bank Of New York Mellon Corp holds 0.03% of its portfolio in Expedia Group, Inc. (NASDAQ:EXPE) for 967,219 shares. Aperio Group Limited Com reported 52,847 shares stake. Whetstone Cap Advisors Lc invested in 15,146 shares or 0.81% of the stock. 16,340 are held by Janney Montgomery Scott Ltd Liability Corporation. Netherlands-based Shell Asset Management Co has invested 0.02% in Expedia Group, Inc. (NASDAQ:EXPE). Sterling Capital Management Ltd Liability Corporation holds 24,921 shares. Peddock Cap Advsr Limited Liability owns 20 shares. D E Shaw And reported 174,632 shares.

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

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