Expedia Group, Inc. (NASDAQ:EXPE) Holdings Lowered by MRP Capital Investments LLC

MRP Capital Investments LLC lessened its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 52.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,570 shares of the online travel company’s stock after selling 5,040 shares during the quarter. MRP Capital Investments LLC’s holdings in Expedia Group were worth $576,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ValueAct Holdings L.P. acquired a new stake in shares of Expedia Group during the fourth quarter worth approximately $645,346,000. Acadian Asset Management LLC raised its stake in Expedia Group by 414.4% during the 1st quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock valued at $94,512,000 after purchasing an additional 552,831 shares during the last quarter. AustralianSuper Pty Ltd grew its position in Expedia Group by 88.8% during the second quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock worth $94,903,000 after buying an additional 354,389 shares in the last quarter. Norden Group LLC bought a new stake in shares of Expedia Group during the first quarter valued at approximately $40,976,000. Finally, Jupiter Asset Management Ltd. lifted its position in Expedia Group by 90.4% in the first quarter. Jupiter Asset Management Ltd. now owns 557,243 shares of the online travel company’s stock worth $76,760,000 after purchasing an additional 264,572 shares during the period. Institutional investors own 90.76% of the company’s stock.

Insider Activity

In related news, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $134.60, for a total transaction of $729,128.20. Following the completion of the transaction, the insider now directly owns 84,543 shares in the company, valued at approximately $11,379,487.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Robert J. Dzielak sold 12,602 shares of the firm’s 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 completion of the transaction, the insider now owns 89,960 shares in the company, valued at approximately $11,829,740. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Robert J. Dzielak sold 5,417 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the sale, the insider now owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by corporate insiders.

Expedia Group Stock Performance

NASDAQ:EXPE opened at $139.66 on Thursday. The stock has a fifty day moving average price of $131.42 and a 200-day moving average price of $127.93. The company has a market cap of $19.03 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 0.51 and a beta of 1.79. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.76 and a current ratio of 0.76. Expedia Group, Inc. has a fifty-two week low of $92.48 and a fifty-two week high of $160.05.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data 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 return on equity of 47.55% and a net margin of 6.09%. The business had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.53 billion. During the same period in the prior year, the company earned $2.34 EPS. Expedia Group’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities analysts anticipate that Expedia Group, Inc. will post 8.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EXPE has been the topic of several recent research reports. Wedbush lifted their target price on shares of Expedia Group from $125.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Piper Sandler reissued a “neutral” rating and issued a $140.00 target price (down from $145.00) on shares of Expedia Group in a report on Friday, August 9th. Susquehanna upped their price target on Expedia Group from $125.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. UBS Group dropped their price objective on Expedia Group from $140.00 to $137.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Finally, Barclays cut their price target on shares of Expedia Group from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Eighteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $148.00.

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.