Kendall Capital Management Grows Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Kendall Capital Management lifted its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 8.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,060 shares of the online travel company’s stock after purchasing an additional 565 shares during the quarter. Kendall Capital Management’s holdings in Expedia Group were worth $889,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EXPE. ValueAct Holdings L.P. acquired a new stake in shares of Expedia Group in the fourth quarter valued at approximately $645,346,000. Acadian Asset Management LLC increased its holdings in shares of Expedia Group by 414.4% in the first 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 increased its holdings in shares of Expedia Group by 88.8% in the second quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock valued at $94,903,000 after purchasing an additional 354,389 shares during the last quarter. Norden Group LLC acquired a new stake in shares of Expedia Group in the first quarter valued at approximately $40,976,000. Finally, Jupiter Asset Management Ltd. increased its holdings in shares of 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 valued at $76,760,000 after purchasing an additional 264,572 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of Expedia Group stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $134.60, for a total transaction of $729,128.20. Following the completion of the sale, the insider now directly owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Robert J. Dzielak sold 12,602 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $131.50, for a total value of $1,657,163.00. Following the completion of the sale, the insider now directly owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 5,417 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $134.60, for a total value of $729,128.20. Following the completion of the sale, the insider now directly 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 owned by company insiders.

Expedia Group Trading Up 0.9 %

NASDAQ:EXPE opened at $139.66 on Thursday. The firm has a market cap of $19.03 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 0.51 and a beta of 1.79. The stock has a fifty day moving average price of $131.42 and a 200 day moving average price of $127.93. Expedia Group, Inc. has a 12-month low of $92.48 and a 12-month high of $160.05. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.45.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.17 by $0.34. The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.53 billion. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. Expedia Group’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.34 EPS. Sell-side analysts anticipate that Expedia Group, Inc. will post 8.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Cantor Fitzgerald assumed coverage on Expedia Group in a research note on Thursday, September 5th. They set a “neutral” rating and a $130.00 target price for the company. Barclays cut their target price on Expedia Group from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Citigroup raised their target price on Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. DA Davidson reissued a “neutral” rating and set a $135.00 target price on shares of Expedia Group in a research note on Friday, August 9th. Finally, Benchmark reissued a “buy” rating and set a $180.00 target price on shares of Expedia Group in a research note on Friday, August 9th. Eighteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average 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.