DnB Asset Management AS Has $2.15 Million Stake in Expedia Group, Inc. (NASDAQ:EXPE)

DnB Asset Management AS lifted its stake in shares of Expedia Group, Inc. (NASDAQ:EXPEGet Rating) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,664 shares of the online travel company’s stock after buying an additional 448 shares during the quarter. DnB Asset Management AS’s holdings in Expedia Group were worth $2,149,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. MCF Advisors LLC acquired a new stake in Expedia Group in the 1st quarter valued at $28,000. FNY Investment Advisers LLC bought a new position in Expedia Group during the 1st quarter valued at $29,000. Parkside Financial Bank & Trust lifted its stake in Expedia Group by 41.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the online travel company’s stock valued at $36,000 after acquiring an additional 58 shares in the last quarter. Salem Investment Counselors Inc. bought a new position in Expedia Group during the 1st quarter valued at $44,000. Finally, Covestor Ltd lifted its stake in Expedia Group by 144.1% during the 1st quarter. Covestor Ltd now owns 271 shares of the online travel company’s stock valued at $53,000 after acquiring an additional 160 shares in the last quarter. Institutional investors and hedge funds own 97.43% of the company’s stock.

Expedia Group Stock Down 5.4 %

Shares of NASDAQ EXPE opened at $99.01 on Thursday. Expedia Group, Inc. has a 12 month low of $88.70 and a 12 month high of $217.72. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.99. The firm has a market capitalization of $15.60 billion, a price-to-earnings ratio of 49.26, a PEG ratio of 1.46 and a beta of 1.58. The business has a 50-day moving average of $104.62 and a 200-day moving average of $132.02.

Expedia Group (NASDAQ:EXPEGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The online travel company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.57 by $0.39. Expedia Group had a return on equity of 22.14% and a net margin of 4.26%. The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the firm earned ($1.77) earnings per share. Expedia Group’s revenue was up 50.7% on a year-over-year basis. Sell-side analysts expect that Expedia Group, Inc. will post 5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 636 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $114.04, for a total value of $72,529.44. Following the completion of the sale, the chief accounting officer now owns 8,949 shares of the company’s stock, valued at $1,020,543.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Expedia Group news, Director Jonathan L. Dolgen sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $101.55, for a total value of $101,550.00. Following the completion of the sale, the director now owns 37,779 shares of the company’s stock, valued at $3,836,457.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Lance A. Soliday sold 636 shares of the business’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 value of $72,529.44. Following the completion of the sale, the chief accounting officer now owns 8,949 shares of the company’s stock, valued at approximately $1,020,543.96. The disclosure for this sale can be found here. 7.52% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Truist Financial dropped their price objective on Expedia Group from $240.00 to $185.00 and set a “buy” rating on the stock in a research note on Thursday, July 14th. Barclays raised their price objective on Expedia Group from $157.00 to $161.00 and gave the company an “overweight” rating in a research note on Friday, August 5th. Mizuho lowered their target price on Expedia Group from $172.00 to $132.00 and set a “neutral” rating on the stock in a research note on Friday, August 5th. Morgan Stanley lowered their target price on Expedia Group from $140.00 to $128.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 23rd. Finally, JPMorgan Chase & Co. lowered their target price on Expedia Group from $206.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 29th. Fourteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $166.42.

Expedia Group Profile

(Get Rating)

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.

Further Reading

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

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