Strategy Asset Managers LLC Makes New Investment in Expedia Group, Inc. (NASDAQ:EXPE)


Strategy Asset Managers LLC bought a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) during the first quarter, HoldingsChannel.com reports. The firm bought 1,061 shares of the online travel company’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Atalanta Sosnoff Capital LLC boosted its position in Expedia Group by 504.6% during the first quarter. Atalanta Sosnoff Capital LLC now owns 231,833 shares of the online travel company’s stock worth $45,363,000 after purchasing an additional 193,486 shares in the last quarter. DNB Asset Management AS raised its holdings in shares of Expedia Group by 7.4% in the first quarter. DNB Asset Management AS now owns 22,216 shares of the online travel company’s stock worth $4,347,000 after acquiring an additional 1,534 shares during the last quarter. My Legacy Advisors LLC acquired a new position in shares of Expedia Group in the first quarter worth $809,000. Diversified Trust Co raised its holdings in shares of Expedia Group by 39.0% in the first quarter. Diversified Trust Co now owns 2,329 shares of the online travel company’s stock worth $456,000 after acquiring an additional 654 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Expedia Group by 189.6% in the first quarter. Pacer Advisors Inc. now owns 378,280 shares of the online travel company’s stock worth $74,018,000 after acquiring an additional 247,681 shares during the last quarter. Institutional investors own 96.08% of the company’s stock.

Shares of NASDAQ EXPE opened at $97.14 on Thursday. The stock’s 50 day moving average price is $138.85 and its two-hundred day moving average price is $168.27. Expedia Group, Inc. has a 52-week low of $95.65 and a 52-week high of $217.72. The stock has a market capitalization of $15.26 billion, a P/E ratio of 83.74, a PEG ratio of 1.39 and a beta of 1.53. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.16.

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

A number of equities analysts have recently weighed in on the company. Ascendiant Capital Markets set a $202.00 price target on Expedia Group in a report on Monday. BTIG Research dropped their target price on Expedia Group from $235.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, June 15th. DA Davidson upped their target price on Expedia Group from $167.00 to $195.00 and gave the company a “neutral” rating in a research note on Tuesday, May 3rd. Redburn Partners upgraded Expedia Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 18th. Finally, Truist Financial dropped their target price on Expedia Group from $260.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, June 3rd. Twelve equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.44.

In related news, Director Dara Khosrowshahi sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, April 1st. The stock was sold at an average price of $198.29, for a total value of $3,965,800.00. Following the sale, the director now directly owns 262,112 shares in the company, valued at approximately $51,974,188.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CLA Lance A. Soliday sold 376 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $124.12, for a total value of $46,669.12. Following the completion of the sale, the chief accounting officer now owns 8,949 shares in the company, valued at $1,110,749.88. The disclosure for this sale can be found here. Insiders have sold a total of 35,376 shares of company stock worth $6,741,869 over the last quarter. Insiders own 5.00% of the company’s stock.

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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