1832 Asset Management L.P. Purchases 42,700 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

1832 Asset Management L.P. lifted its position in shares of Expedia Group, Inc. (NASDAQ:EXPEFree Report) by 52,716.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,781 shares of the online travel company’s stock after acquiring an additional 42,700 shares during the period. 1832 Asset Management L.P.’s holdings in Expedia Group were worth $6,494,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in EXPE. Norges Bank bought a new stake in Expedia Group in the 4th quarter worth approximately $334,632,000. Lyrical Asset Management LP grew its position in shares of Expedia Group by 0.8% during the 4th quarter. Lyrical Asset Management LP now owns 1,796,068 shares of the online travel company’s stock valued at $272,625,000 after acquiring an additional 13,792 shares during the period. Northern Trust Corp grew its position in shares of Expedia Group by 1.5% during the 3rd quarter. Northern Trust Corp now owns 1,557,816 shares of the online travel company’s stock valued at $160,564,000 after acquiring an additional 22,518 shares during the period. Fisher Asset Management LLC grew its position in shares of Expedia Group by 4.3% during the 4th quarter. Fisher Asset Management LLC now owns 1,439,626 shares of the online travel company’s stock valued at $218,521,000 after acquiring an additional 59,530 shares during the period. Finally, Clearbridge Investments LLC grew its position in shares of Expedia Group by 2.0% during the 3rd quarter. Clearbridge Investments LLC now owns 949,423 shares of the online travel company’s stock valued at $97,857,000 after acquiring an additional 18,471 shares during the period. Institutional investors own 90.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on EXPE shares. Royal Bank of Canada cut their price objective 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. DA Davidson reissued a “neutral” rating and set a $135.00 price objective (down previously from $152.00) on shares of Expedia Group in a research report on Friday, May 3rd. StockNews.com upgraded shares of Expedia Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. BTIG Research lowered their target price on shares of Expedia Group from $175.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, May 21st. Finally, Barclays lowered their target price on shares of Expedia Group from $158.00 to $138.00 and set an “equal weight” rating on the stock in a research note on Monday, May 6th. Sixteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Expedia Group currently has a consensus rating of “Hold” and an average price target of $148.12.

Get Our Latest Stock Report on EXPE

Insider Transactions at Expedia Group

In other news, Director Craig A. Jacobson sold 6,722 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $112.71, for a total transaction of $757,636.62. Following the transaction, 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 filing with the SEC, which is accessible through this hyperlink. In related news, Director Craig A. Jacobson sold 6,722 shares of Expedia Group stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $112.71, for a total transaction of $757,636.62. Following the transaction, 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 filing with the SEC, which is accessible through this link. Also, CAO Lance A. Soliday sold 544 shares of Expedia Group stock in a transaction that occurred on 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 in the company, valued at $1,268,382.06. The disclosure for this sale can be found here. Corporate insiders own 8.07% of the company’s stock.

Expedia Group Stock Up 2.3 %

Shares of NASDAQ:EXPE opened at $123.06 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 2.93. Expedia Group, Inc. has a 12 month low of $92.48 and a 12 month high of $160.05. The company has a 50-day moving average price of $122.47 and a 200 day moving average price of $135.81. The company has a market cap of $16.77 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 0.45 and a beta of 1.78.

Expedia Group (NASDAQ:EXPEGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The online travel company reported ($0.39) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.96) by $0.57. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.80 billion. As a group, equities research analysts predict that Expedia Group, Inc. will post 9.35 earnings per share for the current year.

Expedia Group 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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