Expedia Group, Inc. (NASDAQ:EXPE) Stock Position Raised by Wealth Advisors of Tampa Bay LLC

Wealth Advisors of Tampa Bay LLC grew its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,180 shares of the online travel company’s stock after purchasing an additional 110 shares during the period. Wealth Advisors of Tampa Bay LLC’s holdings in Expedia Group were worth $1,787,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. ValueAct Holdings L.P. acquired a new position in shares of Expedia Group in the fourth quarter worth about $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 period. AustralianSuper Pty Ltd raised its stake in Expedia Group by 88.8% during the 2nd 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 period. Norden Group LLC purchased a new stake in shares of Expedia Group in the first quarter valued at $40,976,000. Finally, Jupiter Asset Management Ltd. boosted its position 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 worth $76,760,000 after buying an additional 264,572 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Stock Performance

NASDAQ EXPE opened at $142.54 on Friday. The company’s fifty day moving average is $131.70 and its two-hundred day moving average is $128.03. The firm has a market capitalization of $19.43 billion, a price-to-earnings ratio of 26.69, a P/E/G ratio of 0.51 and a beta of 1.79. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.76 and a quick ratio of 0.76. Expedia Group, Inc. has a 52-week low of $92.48 and a 52-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 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%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $2.34 EPS. Equities research analysts forecast that Expedia Group, Inc. will post 8.98 EPS for the current year.

Insiders Place Their Bets

In other news, insider Robert J. Dzielak sold 5,417 shares of the stock in a transaction on 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 transaction, the insider now owns 84,543 shares in the company, valued at approximately $11,379,487.80. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, insider Robert J. Dzielak sold 12,602 shares of the business’s stock in a transaction on 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 sale, the insider now owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction on 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 owns 84,543 shares in the company, valued at $11,379,487.80. The disclosure for this sale can be found here. Corporate insiders own 8.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on EXPE shares. Susquehanna increased their price objective on Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Wedbush raised their price target on shares of Expedia Group from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. DA Davidson reiterated a “neutral” rating and issued a $135.00 price objective on shares of Expedia Group in a research note on Friday, August 9th. Citigroup lifted their target price on shares of Expedia Group from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Finally, Cantor Fitzgerald started coverage on shares of Expedia Group in a research note on Thursday, September 5th. They issued a “neutral” rating and a $130.00 price target on the stock. Eighteen 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 an average rating of “Hold” and a consensus price target of $148.00.

Expedia Group Company 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.