Expedia Group, Inc. (NASDAQ:EXPE) Shares Bought by Amalgamated Bank

Amalgamated Bank grew its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 6.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,949 shares of the online travel company’s stock after purchasing an additional 2,438 shares during the quarter. Amalgamated Bank’s holdings in Expedia Group were worth $5,411,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of EXPE. ValueAct Holdings L.P. purchased a new stake in Expedia Group during the 4th quarter worth approximately $645,346,000. Lyrical Asset Management LP increased its position in shares of Expedia Group by 0.8% during the fourth quarter. Lyrical Asset Management LP now owns 1,796,068 shares of the online travel company’s stock worth $272,625,000 after purchasing an additional 13,792 shares in the last quarter. Fisher Asset Management LLC raised its stake in Expedia Group by 4.3% in the 4th quarter. Fisher Asset Management LLC now owns 1,439,448 shares of the online travel company’s stock valued at $218,494,000 after purchasing an additional 59,352 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Expedia Group by 14.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,054,485 shares of the online travel company’s stock valued at $132,851,000 after purchasing an additional 135,973 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Expedia Group by 3.1% during the 1st quarter. Clearbridge Investments LLC now owns 971,327 shares of the online travel company’s stock worth $133,800,000 after purchasing an additional 29,294 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EXPE. Citigroup raised their price target on shares of Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Cantor Fitzgerald assumed coverage on Expedia Group in a report on Thursday, September 5th. They set a “neutral” rating and a $130.00 target price on the stock. Barclays cut their price target on Expedia Group from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Wells Fargo & Company lowered their price objective on Expedia Group from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $140.00 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $148.00.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 84,543 shares in the company, valued at $11,379,487.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of the company’s stock in a transaction 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 $11,829,740. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $729,128.20. Following the sale, the insider now owns 84,543 shares in the company, valued at approximately $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 Price Performance

Expedia Group stock opened at $144.04 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45. Expedia Group, Inc. has a 52-week low of $92.48 and a 52-week high of $160.05. The firm has a market cap of $19.63 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 0.51 and a beta of 1.79. The company’s 50 day moving average is $131.94 and its two-hundred day moving average is $128.09.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, August 8th. The online travel company reported $3.51 EPS for the quarter, topping the consensus estimate of $3.17 by $0.34. The firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations 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 firm posted $2.34 EPS. On average, research analysts expect that Expedia Group, Inc. will post 8.98 EPS for the current fiscal year.

About Expedia Group

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.