International Assets Investment Management LLC Grows Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

International Assets Investment Management LLC boosted its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 115.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 39,314 shares of the online travel company’s stock after buying an additional 21,095 shares during the period. International Assets Investment Management LLC’s holdings in Expedia Group were worth $5,967,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. raised its stake in Expedia Group by 242.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 262,519 shares of the online travel company’s stock valued at $27,058,000 after purchasing an additional 185,880 shares during the period. Panagora Asset Management Inc. boosted its holdings in shares of Expedia Group by 61.2% during the 3rd quarter. Panagora Asset Management Inc. now owns 485,649 shares of the online travel company’s stock valued at $50,056,000 after purchasing an additional 184,392 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of Expedia Group by 119.8% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 302,596 shares of the online travel company’s stock valued at $31,189,000 after purchasing an additional 164,919 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in shares of Expedia Group by 48.2% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 253,152 shares of the online travel company’s stock valued at $26,092,000 after purchasing an additional 82,344 shares in the last quarter. Finally, Sycale Advisors NY LLC increased its holdings in shares of Expedia Group by 200.0% in the third quarter. Sycale Advisors NY LLC now owns 121,800 shares of the online travel company’s stock worth $12,554,000 after purchasing an additional 81,200 shares during the last quarter. 90.76% of the stock is owned by institutional investors.

Insider Activity

In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total value of $702,377.99. Following the sale, the chief accounting officer now directly owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 8.07% of the company’s stock.

Expedia Group Stock Performance

Shares of EXPE opened at $112.91 on Wednesday. The firm has a market cap of $15.39 billion, a PE ratio of 21.14, a P/E/G ratio of 0.35 and a beta of 1.83. Expedia Group, Inc. has a 12 month low of $88.81 and a 12 month high of $160.05. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 2.93. The stock has a fifty day moving average price of $132.97 and a 200-day moving average price of $135.73.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.10. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.88 billion. Equities research analysts predict that Expedia Group, Inc. will post 9.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. B. Riley cut their target price on shares of Expedia Group from $200.00 to $190.00 and set a “buy” rating for the company in a report on Friday, May 3rd. HSBC decreased their target price on shares of Expedia Group from $166.00 to $132.00 and set a “hold” rating on the stock in a research report on Tuesday. Barclays reduced their price objective on Expedia Group from $158.00 to $138.00 and set an “equal weight” rating on the stock in a research note on Monday. Wedbush lowered their price objective on Expedia Group from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Finally, DA Davidson restated a “neutral” rating and set a $135.00 price target (down previously from $152.00) on shares of Expedia Group in a report on Friday, May 3rd. Sixteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $149.12.

Expedia Group Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.