Hartford Investment Management Co. reduced its position in Expedia Group, Inc. (NASDAQ:EXPE – Get Rating ) by 4.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 14,217 shares of the online travel company’s stock after selling 637 shares during the period. Hartford Investment Management Co.’s holdings. in Expedia Group were worth $2,782,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of EXPE. Wellington Management Group LLP boosted its stake in Expedia Group by 806.0% in the third quarter. Wellington Management Group LLP now owns 11,089 shares of the online travel company’s stock valued at $1,818,000 after purchasing an additional 9,865 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Expedia Group by 2.1% during the third quarter. UBS Asset Management Americas Inc. now owns 510,891 shares of the online travel company’s stock valued at $83,735,000 after acquiring an additional 10,425 shares during the period. DNB Asset Management AS boosted its position in shares of Expedia Group by 4.1% during the 4th quarter. DNB Asset Management AS now owns 20,682 shares of the online travel company’s stock valued at $3,738,000 after acquiring an additional 817 shares during the period. Stonnington Group LLC bought a new position in shares of Expedia Group during the 4th quarter valued at approximately $2,555,000. Finally, IFP Advisors Inc increased its position in shares of Expedia Group by 12.7% during the 4th quarter. IFP Advisors Inc now owns 1,592 shares of the online travel company’s stock valued at $291,000 after acquiring an additional 179 shares during the period. Hedge funds and other institutional investors own 96.08% of the company’s shares.
Shares of NASDAQ:EXPE opened at $96.40 on Friday. The firm has a fifty day moving average of $126.38 and a two hundred day moving average of $165.00. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.89, and a quick ratio of 0.89. Expedia Group, Inc. has a one year low of $90.37 and a one year high of $217.72. The company has a market cap of $15.14 billion, a price-to-earnings ratio of 83.10, a PEG ratio of 1.41 and a beta of 1.61.
Expedia Group (NASDAQ:EXPE – Get Rating ) last announced its quarterly earnings results on Monday, May 2nd. The online travel company reported ($0.93) EPS for the quarter, missing the consensus estimate of ($0.69) by ($0.24). The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.27 billion. Expedia Group had a net margin of 4.87% and a return on equity of 11.93%. During the same period in the prior year, the business earned ($2.59) earnings per share. Equities research analysts expect Expedia Group, Inc. to post 4.57 EPS for the current fiscal year.
A number of research analysts recently weighed in on EXPE shares. Mizuho boosted their target price on shares of Expedia Group from $155.00 to $172.00 in a research report on Tuesday, May 3rd. Barclays boosted their target price on shares of Expedia Group from $226.00 to $229.00 in a research report on Tuesday, May 3rd. Piper Sandler cut their target price on shares of Expedia Group from $225.00 to $155.00 and set an “overweight” rating for the company in a research report on Tuesday, June 28th. Goldman Sachs Group cut their target price on shares of Expedia Group from $206.00 to $173.00 and set a “buy” rating for the company in a research report on Thursday, June 9th. Finally, Redburn Partners raised shares of Expedia Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 18th. Thirteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Expedia Group has a consensus rating of “Hold” and a consensus target price of $194.85, based on data from MarketBeat.com.
In other news, CAO Lance A. Soliday sold 376 shares of the firm’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $124.12, for a total transaction of $46,669.12. Following the sale, the chief accounting officer now owns 8,949 shares in the company, valued at approximately $1,110,749.88. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $172.94, for a total transaction of $1,729,400.00. Following the sale, the director now owns 252,112 shares in the company, valued at approximately $43,600,249.28. Disclosure of this sale can be found here. Company insiders own 5.00% of the company’s shares.
Expedia Group profile (Get Rating)
Expedia Group, Inc operates as an online travel company 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 marketing and distribution of accommodations; Vrbo, an online marketplace for alternative accommodation; travel websites Orbitz, Travelocity and CheapTickets; ebookers, an online Europe, Middle East and Africa travel agent for travellers, a range of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental reservation service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.
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