Sumitomo Mitsui DS Asset Management Company Ltd Purchases 331 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Expedia Group, Inc. (NASDAQ:EXPE) by 2.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,163 shares of the online travel company’s stock after purchasing an additional 331 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Expedia Group were worth $1,948,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bleakley Financial Group LLC increased its stake in shares of Expedia Group by 5.2% in the 3rd quarter. Bleakley Financial Group LLC now owns 2,076 shares of the online travel company’s stock worth $307,000 after acquiring an additional 102 shares in the last quarter. Walter Public Investments Inc. lifted its holdings in shares of Expedia Group by 3.0% during the third quarter. Walter Public Investments Inc. now owns 91,981 shares of the online travel company’s stock valued at $13,615,000 after purchasing an additional 2,709 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Expedia Group by 1,353.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,105 shares of the online travel company’s stock worth $164,000 after purchasing an additional 1,029 shares in the last quarter. Burns Matteson Capital Management LLC purchased a new stake in shares of Expedia Group in the 3rd quarter worth approximately $385,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in Expedia Group by 26.5% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 49,237 shares of the online travel company’s stock valued at $7,285,000 after buying an additional 10,300 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Cantor Fitzgerald reissued a “neutral” rating and issued a $130.00 target price on shares of Expedia Group in a report on Monday, October 7th. StockNews.com upgraded shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Susquehanna upped their target price on shares of Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Truist Financial assumed coverage on shares of Expedia Group in a research report on Friday, September 6th. They set a “hold” rating and a $148.00 price target for the company. Finally, Benchmark reiterated a “buy” rating and set a $180.00 target price on shares of Expedia Group in a research note on Friday, August 9th. Nineteen 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $150.85.

Expedia Group Price Performance

NASDAQ EXPE opened at $163.17 on Tuesday. The company has a current ratio of 0.76, a quick 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 $164.65. The stock has a market cap of $22.24 billion, a price-to-earnings ratio of 30.56, a PEG ratio of 0.60 and a beta of 1.79. The company’s 50 day moving average is $141.99 and its two-hundred day moving average is $130.30.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.17 by $0.34. The business had revenue of $3.56 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.34 EPS. As a group, research analysts anticipate 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 company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 89,960 shares in the company, valued at $11,829,740. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Robert J. Dzielak sold 12,602 shares of the business’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 transaction, the insider now owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $134.60, for a total transaction of $729,128.20. Following the transaction, the insider now directly owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,019 shares of company stock valued at $5,390,191. 8.07% of the stock is owned by company insiders.

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.