Convergence Investment Partners LLC Purchases Shares of 58,679 LIBERTY EXPED-A (LEXEA)
Convergence Investment Partners LLC purchased a new stake in shares of LIBERTY EXPED-A (NASDAQ:LEXEA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 58,679 shares of the technology company’s stock, valued at approximately $3,170,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. boosted its position in LIBERTY EXPED-A by 5.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 145,467 shares of the technology company’s stock valued at $7,859,000 after buying an additional 7,817 shares in the last quarter. General American Investors Co. Inc. purchased a new position in LIBERTY EXPED-A during the second quarter valued at about $18,139,000. Sei Investments Co. purchased a new position in LIBERTY EXPED-A during the second quarter valued at about $201,000. First Manhattan Co. purchased a new position in LIBERTY EXPED-A during the second quarter valued at about $655,000. Finally, S&CO Inc. purchased a new position in LIBERTY EXPED-A during the second quarter valued at about $4,389,000. Institutional investors and hedge funds own 90.36% of the company’s stock.
LIBERTY EXPED-A (NASDAQ LEXEA) opened at 52.89 on Friday. LIBERTY EXPED-A has a 12-month low of $35.96 and a 12-month high of $58.20. The company has a 50-day moving average price of $55.00 and a 200 day moving average price of $49.40. The company has a market cap of $3.03 billion and a PE ratio of 1.40.
In related news, insider Richard N. Baer sold 25,233 shares of the company’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $50.86, for a total transaction of $1,283,350.38. Following the sale, the insider now owns 15,201 shares in the company, valued at approximately $773,122.86. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
About LIBERTY EXPED-A
Liberty Expedia Holdings, Inc is a holding company. The Company holds interests in Expedia, Inc (Expedia) and Bodybuilding.com, LLC (Bodybuilding). The Company’s segments include Bodybuilding and Expedia. Bodybuilding is an Internet retailer of sports, fitness and nutritional supplements. Expedia provides travel and services to leisure and corporate travelers in the United States and abroad, as well as various media and advertising offerings to travel and non-travel advertisers.
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