Delphi Management Inc. MA Boosts Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Delphi Management Inc. MA raised its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 10.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,125 shares of the online travel company’s stock after purchasing an additional 1,349 shares during the period. Expedia Group accounts for approximately 1.4% of Delphi Management Inc. MA’s investment portfolio, making the stock its 24th largest holding. Delphi Management Inc. MA’s holdings in Expedia Group were worth $1,780,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado boosted its position in shares of Expedia Group by 80.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 16,338 shares of the online travel company’s stock worth $2,480,000 after purchasing an additional 7,270 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Expedia Group by 1.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 343,389 shares of the online travel company’s stock worth $47,302,000 after acquiring an additional 6,432 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Expedia Group by 18.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 154,867 shares of the online travel company’s stock worth $21,333,000 after acquiring an additional 23,939 shares during the last quarter. Swedbank AB increased its holdings in shares of Expedia Group by 5.0% during the second quarter. Swedbank AB now owns 169,076 shares of the online travel company’s stock valued at $21,302,000 after acquiring an additional 8,026 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in Expedia Group by 33.7% in the 1st quarter. Advisors Asset Management Inc. now owns 7,927 shares of the online travel company’s stock worth $1,092,000 after purchasing an additional 1,996 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Insider Activity at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $150.21, for a total value of $1,502,100.00. Following the transaction, the director now owns 208,505 shares in the company, valued at approximately $31,319,536.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the completion of the transaction, the director now owns 208,505 shares in the company, valued at $31,319,536.05. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 5,417 shares of the company’s 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 completion of the sale, the insider now directly owns 84,543 shares in the company, valued at approximately $11,379,487.80. The disclosure for this sale can be found here. Insiders have sold 28,019 shares of company stock valued at $3,888,391 in the last ninety days. Insiders own 8.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Cantor Fitzgerald reissued a “neutral” rating and set a $130.00 price objective on shares of Expedia Group in a report on Monday. StockNews.com upgraded Expedia Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 26th. Truist Financial initiated coverage on shares of Expedia Group in a report on Friday, September 6th. They issued a “hold” rating and a $148.00 price target on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $140.00 price objective on shares of Expedia Group in a research note on Friday, August 9th. Finally, BTIG Research increased their price objective on shares of Expedia Group from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday. Nineteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $149.73.

Expedia Group Price Performance

EXPE stock opened at $148.02 on Tuesday. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.76 and a quick ratio of 0.76. The business has a 50 day simple moving average of $133.37 and a 200-day simple moving average of $128.51. The firm has a market capitalization of $20.17 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 0.56 and a beta of 1.79. Expedia Group, Inc. has a 1 year low of $92.48 and a 1 year high of $160.05.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.53 billion. During the same quarter last year, the company posted $2.34 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. Equities research analysts anticipate that Expedia Group, Inc. will post 8.98 earnings per share for the current fiscal year.

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.