Mediolanum International Funds Ltd raised its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 33.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,633 shares of the online travel company's stock after purchasing an additional 16,882 shares during the quarter. Mediolanum International Funds Ltd's holdings in Expedia Group were worth $10,067,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Ballentine Partners LLC boosted its position in Expedia Group by 14.7% during the 3rd quarter. Ballentine Partners LLC now owns 1,860 shares of the online travel company's stock valued at $275,000 after acquiring an additional 239 shares in the last quarter. Heritage Oak Wealth Advisors LLC acquired a new stake in shares of Expedia Group during the third quarter worth $220,000. Boyd Watterson Asset Management LLC OH grew its stake in Expedia Group by 2.3% during the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 9,183 shares of the online travel company's stock valued at $1,359,000 after purchasing an additional 204 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Expedia Group in the 3rd quarter worth approximately $9,181,000. Finally, Commerzbank Aktiengesellschaft FI raised its holdings in shares of Expedia Group by 6.9% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 3,152 shares of the online travel company's stock worth $467,000 after purchasing an additional 204 shares during the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms have commented on EXPE. Wells Fargo & Company upped their price objective on Expedia Group from $130.00 to $159.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 8th. Bank of America boosted their price target on shares of Expedia Group from $144.00 to $166.00 and gave the stock a "neutral" rating in a research report on Friday. StockNews.com lowered Expedia Group from a "strong-buy" rating to a "buy" rating in a report on Thursday. Piper Sandler reiterated a "neutral" rating and issued a $140.00 price objective (down from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Finally, TD Cowen downgraded shares of Expedia Group from a "buy" rating to a "hold" rating and boosted their price target for the company from $130.00 to $150.00 in a research note on Wednesday, September 25th. Nineteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Expedia Group has an average rating of "Hold" and an average price target of $152.54.
Read Our Latest Stock Report on EXPE
Insiders Place Their Bets
In other news, insider Robert J. Dzielak sold 12,602 shares of Expedia Group stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the completion of the sale, the insider now directly owns 89,960 shares in the company, valued at $11,829,740. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Dara Khosrowshahi sold 10,000 shares of the firm's stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the completion of the sale, the director now directly owns 198,505 shares in the company, valued at $29,811,480.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 12,602 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total value of $1,657,163.00. Following the transaction, the insider now owns 89,960 shares of the company's stock, valued at approximately $11,829,740. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,019 shares of company stock worth $5,390,191. Insiders own 6.80% of the company's stock.
Expedia Group Price Performance
Shares of Expedia Group stock traded down $2.06 during trading on Friday, reaching $158.39. The company's stock had a trading volume of 973,419 shares, compared to its average volume of 1,486,656. Expedia Group, Inc. has a 12-month low of $92.48 and a 12-month high of $164.65. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45. The business has a 50 day moving average price of $144.30 and a 200-day moving average price of $131.09. The company has a market capitalization of $20.62 billion, a P/E ratio of 28.28, a price-to-earnings-growth ratio of 0.63 and a beta of 1.79.
Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.34. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.53 billion. During the same period in the prior year, the business posted $2.34 earnings per share. The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Expedia Group, Inc. will post 8.98 EPS for the current 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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