Expedia Group, Inc. (NASDAQ:EXPE) Stake Boosted by Intech Investment Management LLC

Intech Investment Management LLC raised its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 696.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,702 shares of the online travel company’s stock after purchasing an additional 29,470 shares during the period. Intech Investment Management LLC’s holdings in Expedia Group were worth $4,246,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of EXPE. ORG Partners LLC boosted its holdings in shares of Expedia Group by 4,525.0% in the 1st quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock valued at $25,000 after buying an additional 181 shares during the period. University of Texas Texas AM Investment Managment Co. bought a new position in Expedia Group in the fourth quarter worth about $26,000. Innealta Capital LLC acquired a new position in Expedia Group in the second quarter valued at approximately $27,000. Blue Trust Inc. grew its holdings in shares of Expedia Group by 93.8% during the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock valued at $30,000 after purchasing an additional 105 shares during the last quarter. Finally, Crewe Advisors LLC acquired a new stake in shares of Expedia Group during the 1st quarter worth approximately $40,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Stock Performance

NASDAQ:EXPE opened at $144.04 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.45. The company has a 50-day moving average of $131.94 and a 200-day moving average of $128.05. Expedia Group, Inc. has a twelve month low of $92.48 and a twelve month high of $160.05. The firm has a market cap of $19.63 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 0.51 and a beta of 1.79.

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

Insider Buying and Selling

In other news, insider Robert J. Dzielak sold 12,602 shares of the company’s 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 completion of the sale, the insider now directly owns 89,960 shares of the company’s stock, valued at $11,829,740. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $11,829,740. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Dzielak sold 5,417 shares of the firm’s 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 transaction, 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. Insiders own 8.07% of the company’s stock.

Analyst Upgrades and Downgrades

EXPE has been the subject of a number of analyst reports. Cantor Fitzgerald started coverage on Expedia Group in a research report on Thursday, September 5th. They set a “neutral” rating and a $130.00 price objective for the company. Truist Financial initiated coverage on shares of Expedia Group in a report on Friday, September 6th. They set a “hold” rating and a $148.00 price target for the company. Citigroup increased their price objective on shares of Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. DA Davidson restated a “neutral” rating and issued a $135.00 target price on shares of Expedia Group in a research report on Friday, August 9th. Finally, Susquehanna raised their price target on shares of Expedia Group from $125.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Eighteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Expedia Group presently 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.