Allianz Asset Management GmbH Buys 1,524 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Allianz Asset Management GmbH grew its stake in shares of Expedia Group, Inc. (NASDAQ:EXPEFree Report) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,929 shares of the online travel company’s stock after buying an additional 1,524 shares during the quarter. Allianz Asset Management GmbH’s holdings in Expedia Group were worth $3,936,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Amalgamated Bank raised its holdings in Expedia Group by 22.3% in the 4th quarter. Amalgamated Bank now owns 47,184 shares of the online travel company’s stock valued at $7,162,000 after buying an additional 8,595 shares during the last quarter. International Assets Investment Management LLC increased its position in Expedia Group by 115.8% in the 4th quarter. International Assets Investment Management LLC now owns 39,314 shares of the online travel company’s stock valued at $5,967,000 after acquiring an additional 21,095 shares during the period. Raymond James & Associates raised its stake in shares of Expedia Group by 6.4% during the fourth quarter. Raymond James & Associates now owns 263,351 shares of the online travel company’s stock valued at $39,974,000 after acquiring an additional 15,759 shares during the last quarter. AustralianSuper Pty Ltd lifted its holdings in shares of Expedia Group by 14.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 355,871 shares of the online travel company’s stock worth $54,018,000 after purchasing an additional 43,820 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Expedia Group by 7.9% during the third quarter. AQR Capital Management LLC now owns 769,665 shares of the online travel company’s stock worth $79,329,000 after purchasing an additional 56,186 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on EXPE. HSBC lowered their target price on Expedia Group from $166.00 to $132.00 and set a “hold” rating for the company in a research report on Tuesday, May 7th. Piper Sandler lowered Expedia Group from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $175.00 to $145.00 in a research note on Friday, May 3rd. Royal Bank of Canada decreased their target price on shares of Expedia Group from $155.00 to $140.00 and set a “sector perform” rating for the company in a research report on Friday, May 3rd. Wedbush lowered their price target on shares of Expedia Group from $130.00 to $125.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Finally, B. Riley reduced their price objective on shares of Expedia Group from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Sixteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Expedia Group has an average rating of “Hold” and a consensus price target of $148.12.

Check Out Our Latest Stock Analysis on Expedia Group

Insider Transactions at Expedia Group

In related news, CAO Lance A. Soliday sold 544 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $113.38, for a total transaction of $61,678.72. Following the transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $1,268,382.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Craig A. Jacobson sold 6,722 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total transaction of $757,636.62. Following the completion of the sale, the director now directly owns 32,620 shares of the company’s stock, valued at $3,676,600.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Lance A. Soliday sold 544 shares of Expedia Group stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $113.38, for a total value of $61,678.72. Following the sale, the chief accounting officer now owns 11,187 shares in the company, valued at $1,268,382.06. The disclosure for this sale can be found here. Company insiders own 8.07% of the company’s stock.

Expedia Group Price Performance

EXPE stock opened at $120.31 on Friday. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.79 and a current ratio of 0.79. The business has a 50-day simple moving average of $122.76 and a two-hundred day simple moving average of $135.90. The company has a market capitalization of $16.40 billion, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 0.43 and a beta of 1.78. Expedia Group, Inc. has a 52-week low of $92.48 and a 52-week high of $160.05.

Expedia Group (NASDAQ:EXPEGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The online travel company reported ($0.39) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.96) by $0.57. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.80 billion. Research analysts expect that Expedia Group, Inc. will post 9.35 EPS for the current fiscal year.

Expedia Group Company Profile

(Free Report)

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.

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

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