Beech Hill Advisors Inc. raised its stake in Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 21.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,625 shares of the online travel company’s stock after acquiring an additional 5,910 shares during the period. Expedia Group comprises about 1.8% of Beech Hill Advisors Inc.’s investment portfolio, making the stock its 22nd largest position. Beech Hill Advisors Inc.’s holdings in Expedia Group were worth $3,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently bought and sold shares of EXPE. Capital Wealth Alliance LLC bought a new stake in Expedia Group in the second quarter valued at $12,058,000. Norges Bank bought a new stake in shares of Expedia Group during the fourth quarter worth $118,582,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Expedia Group by 187.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,921,028 shares of the online travel company’s stock worth $375,888,000 after purchasing an additional 1,251,933 shares during the last quarter. FIL Ltd grew its holdings in shares of Expedia Group by 122.6% during the first quarter. FIL Ltd now owns 2,075,633 shares of the online travel company’s stock worth $201,399,000 after purchasing an additional 1,143,355 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in shares of Expedia Group by 76.3% during the fourth quarter. Point72 Asset Management L.P. now owns 2,525,938 shares of the online travel company’s stock worth $221,272,000 after purchasing an additional 1,093,545 shares during the last quarter. 91.15% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
EXPE has been the topic of several research analyst reports. Morgan Stanley increased their target price on Expedia Group from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, July 21st. Mizuho increased their target price on Expedia Group from $110.00 to $120.00 in a report on Monday, July 31st. Melius began coverage on Expedia Group in a report on Monday, July 31st. They issued a “neutral” rating and a $135.00 price target on the stock. Wells Fargo & Company decreased their price target on Expedia Group from $93.00 to $91.00 in a report on Friday, August 4th. Finally, Citigroup raised their price target on Expedia Group from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Expedia Group presently has a consensus rating of “Hold” and a consensus target price of $126.58.
Expedia Group Trading Down 0.0 %
NASDAQ:EXPE opened at $106.91 on Friday. Expedia Group, Inc. has a fifty-two week low of $82.39 and a fifty-two week high of $124.95. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $15.33 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 0.54 and a beta of 1.63. The business’s 50-day simple moving average is $111.90 and its 200-day simple moving average is $103.32.
Expedia Group (NASDAQ:EXPE – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The online travel company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.54. Expedia Group had a return on equity of 26.36% and a net margin of 7.33%. The business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.37 billion. Sell-side analysts expect that Expedia Group, Inc. will post 7.25 earnings per share for the current fiscal year.
In other news, insider Robert J. Dzielak sold 6,000 shares of Expedia Group stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $110.00, for a total transaction of $660,000.00. Following the transaction, the insider now owns 75,750 shares in the company, valued at approximately $8,332,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.07% of the stock is currently owned by company insiders.
Expedia Group 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 includes 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; Wotif Group; CheapTickets; ebookers; Expedia; Hotwire; CarRentals.com; Classic Vacations; and Expedia Cruise.
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