IndexIQ Advisors LLC bought a new position in Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) during the first quarter, according to its latest 13F filing with the Securities and Exchange Commission. The fund bought 619 shares of the online travel company, valued at around $121,000.
Other hedge funds also changed their holdings in the company. KC Investment Advisors LLC increased its position in Expedia Group shares by 1.8% in the fourth quarter. KC Investment Advisors LLC now owns 3,117 shares of the online travel company worth $563,000 after buying 55 additional shares during the period. Parkside Financial Bank & Trust increased its position in Expedia Group shares by 41.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the online travel company worth $36,000 after buying 58 more shares during the period. CAPROCK Group Inc. increased its position in Expedia Group shares by 4.0% in the first quarter. CAPROCK Group Inc. now owns 2,255 shares of the online travel company worth $441,000 after buying 86 additional shares during the period. Steward Partners Investment Advisory LLC increased its position in Expedia Group by 5.6% during the first quarter. Steward Partners Investment Advisory LLC now owns 1,631 shares of the online travel company valued at $319,000 after buying 87 additional shares in the last quarter. Finally, National Asset Management Inc. increased its position in Expedia Group by 6.3% during the first quarter. National Asset Management Inc. now owns 1,810 shares of the online travel company valued at $355,000 after buying 108 more shares in the last quarter. 96.08% of the shares are currently held by institutional investors and hedge funds.
Analysts set new price targets
A number of analysts have recently released reports on the company. JMP Securities reissued an “mkt perform” rating on Expedia Group shares in a Wednesday, June 22 research report. Redburn Partners upgraded Expedia Group from a “neutral” rating to a “buy” rating in a Wednesday, May 18 report. Evercore ISI reduced its target price on Expedia Group from $222.00 to $154.00 and issued an “in-line” rating on the stock in a Thursday, July 7 report. Barclays raised its target price on Expedia Group from $157.00 to $161.00 and gave the company an “overweight” rating in a Friday, August 5 report. Finally, Susquehanna Bancshares lowered its price target on Expedia Group from $145.00 to $115.00 and set a “neutral” rating on the stock in a research note on Friday. Fourteen research analysts gave the stock a hold rating and twelve gave the company’s stock a buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $172.88.
Insider buying and selling at Expedia Group
In other Expedia Group news, CAO Lance A. Soliday sold 376 shares of the company in a trade on Monday, May 16. The shares were sold at an average price of $124.12, for a total transaction of $46,669.12. Following the completion of the sale, the chief accounting officer now owns 8,949 shares of the company, valued at approximately $1,110,749.88. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Company insiders hold 5.00% of the company’s shares.
Expedia Group shares up 3.1%
NASDAQ:EXPE opened at $113.51 on Friday. The stock’s fifty-day moving average price is $102.93 and its two-hundred-day moving average price is $149.28. Expedia Group, Inc. has a 52-week low of $88.70 and a 52-week high of $217.72. The company has a debt ratio of 1.99, a quick ratio of 0.89 and a current ratio of 0.85. The company has a market capitalization of $17.83 billion, a price/earnings ratio of 55.81, a P/E/G ratio of 1.58 and a beta of 1.60.
Expedia Group (NASDAQ:EXPE – Get Rating) last released its quarterly earnings data on Thursday, August 4. The online travel company reported earnings per share (EPS) of $1.96 for the quarter, beating the consensus estimate of $1.57 by $0.39. Expedia Group achieved a return on equity of 22.14% and a net margin of 4.26%. The company posted revenue of $3.18 billion for the quarter, versus a consensus estimate of $2.99 billion. In the same quarter of the previous year, the company achieved EPS of ($1.77). The company’s revenue for the quarter increased 50.7% compared to the same quarter last year. On average, analysts expect Expedia Group, Inc. to post EPS of 4.94 for the current year.
About Expedia Group
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Expedia Group, Inc. operates as an online travel agency 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 the marketing and distribution of accommodation; Vrbo, an online marketplace for alternative accommodation; Orbitz, Travelocity and CheapTickets travel websites; ebookers, an EMEA online travel agency offering travelers a range of travel options; Hotwire, which offers travel reservation services; CarRentals.com, an online car rental reservation service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, an advice provider for travelers booking cruises.
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