Expedia Group, Inc. (NASDAQ:EXPE) Shares Bought by DNB Asset Management AS


DNB Asset Management AS raised its position in Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) by 7.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 22,216 shares of the online travel company’s stock after purchasing an additional 1,534 shares during the period. DNB Asset Management AS’s holdings in Expedia Group were worth $4,347,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Brinker Capital Investments LLC lifted its position in shares of Expedia Group by 6.4% in the fourth quarter. Brinker Capital Investments LLC now owns 4,924 shares of the online travel company’s stock valued at $890,000 after acquiring an additional 297 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Expedia Group by 46.8% in the fourth quarter. HighTower Advisors LLC now owns 23,485 shares of the online travel company’s stock valued at $4,244,000 after acquiring an additional 7,490 shares in the last quarter. CIBC World Markets Inc. lifted its position in shares of Expedia Group by 115.3% in the fourth quarter. CIBC World Markets Inc. now owns 28,015 shares of the online travel company’s stock valued at $5,063,000 after acquiring an additional 15,005 shares in the last quarter. Southpoint Capital Advisors LP lifted its position in shares of Expedia Group by 6.7% in the fourth quarter. Southpoint Capital Advisors LP now owns 1,600,000 shares of the online travel company’s stock valued at $289,152,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Summit X LLC lifted its position in shares of Expedia Group by 3.9% in the fourth quarter. Summit X LLC now owns 3,048 shares of the online travel company’s stock valued at $553,000 after acquiring an additional 115 shares in the last quarter. Institutional investors and hedge funds own 96.08% of the company’s stock.

Several research firms recently weighed in on EXPE. Barclays increased their target price on Expedia Group from $226.00 to $229.00 in a research report on Tuesday, May 3rd. The Goldman Sachs Group reduced their target price on Expedia Group from $206.00 to $173.00 and set a “buy” rating on the stock in a research report on Thursday, June 9th. Morgan Stanley increased their target price on Expedia Group from $200.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 24th. Ascendiant Capital Markets set a $202.00 target price on Expedia Group in a research report on Monday. Finally, Truist Financial cut their price objective on Expedia Group from $260.00 to $240.00 and set a “buy” rating on the stock in a report on Friday, June 3rd. Twelve equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.44.

In other Expedia Group news, Director Dara Khosrowshahi sold 5,000 shares of the stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $200.00, for a total transaction of $1,000,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CLA Lance A. Soliday sold 376 shares of the stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $124.12, for a total value of $46,669.12. Following the transaction, the chief accounting officer now directly owns 8,949 shares in the company, valued at approximately $1,110,749.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,376 shares of company stock worth $6,741,869. 5.00% of the stock is currently owned by company insiders.

Shares of NASDAQ EXPE opened at $97.14 on Thursday. Expedia Group, Inc. has a fifty-two week low of $95.65 and a fifty-two week high of $217.72. The business has a 50 day moving average price of $138.85 and a two-hundred day moving average price of $168.27. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.16. The firm has a market cap of $15.26 billion, a PE ratio of 83.74, a price-to-earnings-growth ratio of 1.39 and a beta of 1.53.

Expedia Group (NASDAQ:EXPE – Get Rating) last released its earnings results on Monday, May 2nd. The online travel company reported ($0.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.69) by ($0.24). Expedia Group had a return on equity of 11.93% and a net margin of 4.87%. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the prior year, the business earned ($2.59) EPS. On average, analysts anticipate that Expedia Group, Inc. will post 4.8 earnings per share for the current year.

Expedia Group Profile (GetRated)

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio include Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, and CheapTickets travel websites; ebookers, an online EMEA travel agent for travelers an array of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental booking service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)



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