Hsbc Holdings PLC Sells 49,762 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Hsbc Holdings PLC decreased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 14.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 293,419 shares of the online travel company’s stock after selling 49,762 shares during the period. Hsbc Holdings PLC owned approximately 0.22% of Expedia Group worth $36,966,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. ValueAct Holdings L.P. acquired a new stake in shares of Expedia Group in the 4th quarter valued at approximately $645,346,000. Lyrical Asset Management LP raised its holdings in Expedia Group by 0.8% in 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 during the period. Fisher Asset Management LLC grew its holdings in shares of 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 buying an additional 59,352 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of 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 buying an additional 135,973 shares during the period. Finally, Clearbridge Investments LLC increased its position in shares of Expedia Group by 3.1% in the 1st quarter. Clearbridge Investments LLC now owns 971,327 shares of the online travel company’s stock valued at $133,800,000 after buying an additional 29,294 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Stock Performance

EXPE 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 12-month low of $92.48 and a 12-month high of $160.05. The business has a 50 day moving average of $131.94 and a 200-day moving average of $128.09. The stock has a market cap of $19.63 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 0.51 and a beta of 1.79.

Expedia Group (NASDAQ:EXPE) last released 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 firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.34 earnings per share. On average, equities research analysts expect that Expedia Group, Inc. will post 8.98 earnings per share for the current year.

Insider Activity at Expedia Group

In other Expedia Group 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 transaction of $1,657,163.00. Following the completion of the sale, the insider now directly owns 89,960 shares in the company, valued at $11,829,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the transaction, the insider now owns 89,960 shares in the company, valued at approximately $11,829,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 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 disclosure for this sale can be found here. 8.07% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

EXPE has been the subject of a number of research analyst reports. UBS Group decreased their target price 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. Citigroup increased 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. Barclays cut their price target on shares of Expedia Group from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Piper Sandler reissued a “neutral” rating and set a $140.00 price objective (down previously from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $135.00 price objective on shares of Expedia Group in a research report on Friday, August 9th. Eighteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.