Cambridge Investment Research Advisors Inc. trimmed its position in shares of Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) by 25.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 9,117 shares of the online travel company’s stock after selling 3,092 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Expedia Group were worth $1,784,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in EXPE. Bank of Nova Scotia increased its holdings in shares of Expedia Group by 5,265.1% during the 1st quarter. Bank of Nova Scotia now owns 1,504,849 shares of the online travel company’s stock worth $294,454,000 after buying an additional 1,476,800 shares during the last quarter. Third Point LLC acquired a new stake in shares of Expedia Group during the 4th quarter worth $236,266,000. D1 Capital Partners L.P. boosted its position in Expedia Group by 10.5% during the 4th quarter. D1 Capital Partners L.P. now owns 12,683,542 shares of the online travel company’s stock worth $2,292,170,000 after purchasing an additional 1,200,900 shares during the period. BlackRock Inc. boosted its position in Expedia Group by 4.8% during the 4th quarter. BlackRock Inc. now owns 10,220,557 shares of the online travel company’s stock worth $1,847,057,000 after purchasing an additional 469,338 shares during the period. Finally, Marshall Wace LLP boosted its position in Expedia Group by 85.5% during the 4th quarter. Marshall Wace LLP now owns 700,348 shares of the online travel company’s stock worth $126,566,000 after purchasing an additional 322,812 shares during the period. 97.43% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Expedia Group
In related news, CAO Lance A. Soliday sold 636 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $114.04, for a total transaction of $72,529.44. Following the transaction, the chief accounting officer now owns 8,949 shares in the company, valued at $1,020,543.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 7.52% of the stock is owned by company insiders.
Expedia Group Price Performance
Expedia Group (NASDAQ:EXPE – Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The online travel company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.57 by $0.39. Expedia Group had a net margin of 4.26% and a return on equity of 22.14%. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the business earned ($1.77) earnings per share. Expedia Group’s revenue was up 50.7% compared to the same quarter last year. Analysts anticipate that Expedia Group, Inc. will post 5.09 earnings per share for the current year.
Wall Street Analyst Weigh In
EXPE has been the subject of a number of research reports. BTIG Research decreased their price target on shares of Expedia Group from $235.00 to $150.00 and set a “buy” rating for the company in a research report on Wednesday, June 15th. Evercore ISI decreased their price target on shares of Expedia Group from $222.00 to $154.00 and set an “in-line” rating for the company in a research report on Thursday, July 7th. Ascendiant Capital Markets set a $202.00 price target on shares of Expedia Group in a research report on Monday, June 20th. The Goldman Sachs Group decreased their price target on shares of Expedia Group from $206.00 to $173.00 and set a “buy” rating for the company in a research report on Thursday, June 9th. Finally, JMP Securities reissued a “mkt perform” rating on shares of Expedia Group in a research report on Wednesday, June 22nd. Fourteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $169.69.
Expedia Group Company Profile
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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