Park Avenue Securities LLC Increases Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Park Avenue Securities LLC raised its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 37.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,161 shares of the online travel company’s stock after buying an additional 593 shares during the quarter. Park Avenue Securities LLC’s holdings in Expedia Group were worth $298,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of EXPE. LPL Financial LLC raised its holdings in Expedia Group by 4.1% in the 3rd quarter. LPL Financial LLC now owns 63,607 shares of the online travel company’s stock valued at $6,556,000 after acquiring an additional 2,505 shares during the last quarter. Mariner LLC increased its holdings in shares of Expedia Group by 41.2% in the third quarter. Mariner LLC now owns 15,556 shares of the online travel company’s stock valued at $1,603,000 after purchasing an additional 4,538 shares during the last quarter. Stifel Financial Corp lifted its position in Expedia Group by 71.3% during the third quarter. Stifel Financial Corp now owns 25,290 shares of the online travel company’s stock worth $2,607,000 after buying an additional 10,523 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Expedia Group by 249.8% during the third quarter. Tower Research Capital LLC TRC now owns 6,817 shares of the online travel company’s stock worth $703,000 after buying an additional 4,868 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its holdings in Expedia Group by 41.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 3,203 shares of the online travel company’s stock valued at $330,000 after buying an additional 935 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 completion of the transaction, the director now directly owns 32,620 shares of the company’s stock, valued at approximately $3,676,600.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CAO Lance A. Soliday sold 544 shares of Expedia Group 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 completion of the sale, the chief accounting officer now directly owns 11,187 shares in the company, valued at $1,268,382.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Craig A. Jacobson sold 6,722 shares of the company’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 in the company, valued at approximately $3,676,600.20. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Susquehanna reissued a “neutral” rating and set a $125.00 price target on shares of Expedia Group in a research report on Wednesday, May 15th. Jefferies Financial Group cut their price target on Expedia Group from $150.00 to $145.00 and set a “hold” rating on the stock in a report on Tuesday, March 19th. HSBC decreased their price objective on Expedia Group from $166.00 to $132.00 and set a “hold” rating for the company in a research note on Tuesday, May 7th. Evercore ISI cut their target price on shares of Expedia Group from $190.00 to $175.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Finally, B. Riley cut their price target on 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 research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Expedia Group currently has an average rating of “Hold” and an average price target of $148.12.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $125.99 on Monday. The firm has a market capitalization of $17.17 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.79 and a quick ratio of 0.79. The business’s 50 day simple moving average is $120.85 and its 200-day simple moving average is $134.27. Expedia Group, Inc. has a 12 month low of $92.48 and a 12 month high of $160.05.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, May 2nd. The online travel company reported ($0.39) earnings per share for the quarter, beating the consensus estimate of ($0.96) by $0.57. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.80 billion. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. As a group, equities analysts forecast that Expedia Group, Inc. will post 9.33 earnings per share for the current fiscal year.

Expedia Group Profile

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.