Loeb’s Third Point Lowers Position in Shares of Ebay Inc.

Wall St. Watchdog reveals information regarding Third Point’s top holdings in the Services sector for the quarter ending September 30th, 2011. The firm held 5 stocks in the Services sector at the end of the quarter with an aggregate market value of $206.152 million.

  • Expedia Inc. (NASDAQ:EXPE): On 06/30/2011 reported holding 1,825,000 shares with a market value of $52,906,750. This comprised 2.01% of the total portfolio. On 09/30/2011 reported holding 2,850,000 shares with a market value of $73,387,500. This comprised 3.54% of the total portfolio. The net change in shares for this position over the two quarters is 1,025,000. About Company: Expedia, Inc. provides branded online travel services for leisure and small business travelers. The Company offers a wide range of travel shopping and reservation services, providing real-time access to schedule, pricing and availability information for airlines, hotels, and car rental companies.
  • Big Lots Inc. (NYSE:BIG): On 06/30/2011 reported holding 2,000,000 shares with a market value of $66,300,003. This comprised 2.51% of the total portfolio. On 09/30/2011 reported holding 1,900,000 shares with a market value of $66,177,003. This comprised 3.19% of the total portfolio. The net change in shares for this position over the two quarters is -100,000. About Company: Big Lots, Inc. is a broadline closeout retailer that operates stores across the United States. The Company’s stores offer an assortment of merchandise, including consumables, seasonal products,furniture, housewares, toys, and gifts.
  • Ebay Inc. (NASDAQ:EBAY): On 06/30/2011 reported holding 1,500,000 shares with a market value of $48,405,001. This comprised 1.84% of the total portfolio. On 09/30/2011 reported holding 1,250,000 shares with a market value of $36,862,500. This comprised 1.78% of the total portfolio. The net change in shares for this position over the two quarters is -250,000. About Company: eBay Inc. operates an online trading community. The Company’s service is used by buyers and sellers for the exchange of products and services such as coins, collectibles, computers, memorabilia, stamps and toys, as well as concert and sporting tickets. eBay also offers, through a subsidiary, secure online payment services.
  • Liberty Media Interactive (NASDAQ:LINTA): On 06/30/2011 reported holding 3,000,000 shares with a market value of $50,310,001. This comprised 1.91% of the total portfolio. On 09/30/2011 reported holding 2,000,000 shares with a market value of $29,520,000. This comprised 1.42% of the total portfolio. The net change in shares for this position over the two quarters is -1,000,000. About Company: Liberty Media Corp – Interactive is a tracking stock issued by Liberty Media Corporation to track the performance of the Interactive group. The Interactive groups interests include home and Internet shopping online travel.
  • Emmis Communications Corp. (NASDAQ:EMMS): On 06/30/2011 reported holding 321,057 shares with a market value of $353,163. This comprised 0.01% of the total portfolio. On 09/30/2011 reported holding 321,057 shares with a market value of $205,476. This comprised 0.01% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: Emmis Communications Corporation is a diversified media firm with radio broadcasting, television broadcasting, and magazine publishing operations. The Company owns radio stations in New York City, Los Angeles, Chicago, and other markets, as well as television stations in various states. Emmis also publishes “Texas Monthly,” “Country Sampler,” and other magazines.

(Note: Data regarding Third Point’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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