Sequoia Financial Advisors LLC Has $356,000 Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Sequoia Financial Advisors LLC raised its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 23.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,403 shares of the online travel company’s stock after buying an additional 463 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Expedia Group were worth $356,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXPE. Pacer Advisors Inc. boosted its stake in Expedia Group by 36.8% in the 2nd quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock valued at $334,403,000 after buying an additional 714,229 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Expedia Group by 414.4% in the first quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock worth $94,512,000 after acquiring an additional 552,831 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Expedia Group by 1,649.4% in the second quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock worth $51,354,000 after acquiring an additional 384,305 shares in the last quarter. AustralianSuper Pty Ltd increased its holdings in shares of Expedia Group by 88.8% in the second quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock worth $94,903,000 after acquiring an additional 354,389 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Expedia Group during the second quarter worth about $39,183,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Price Performance

NASDAQ:EXPE opened at $158.00 on Tuesday. The business has a 50 day simple moving average of $144.75 and a 200-day simple moving average of $131.24. Expedia Group, Inc. has a 1 year low of $92.48 and a 1 year high of $164.65. 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 firm has a market capitalization of $21.53 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 0.63 and a beta of 1.79.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on EXPE shares. Susquehanna increased their price target on Expedia Group from $125.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. TD Cowen lowered Expedia Group from a “buy” rating to a “hold” rating and raised their price objective for the stock from $130.00 to $150.00 in a research note on Wednesday, September 25th. Bank of America raised their price objective on Expedia Group from $144.00 to $166.00 and gave the company a “neutral” rating in a report on Friday. UBS Group lifted their target price on Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company lifted their price objective on Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Nineteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $152.54.

Insider Transactions at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $150.18, for a total value of $1,501,800.00. Following the completion of the transaction, the director now directly owns 198,505 shares of the company’s stock, valued at approximately $29,811,480.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $150.18, for a total value of $1,501,800.00. Following the transaction, the director now directly owns 198,505 shares of the company’s stock, valued at approximately $29,811,480.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert J. Dzielak sold 12,602 shares of the stock in a transaction dated 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 directly owns 89,960 shares in the company, valued at $11,829,740. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 38,019 shares of company stock valued at $5,390,191. Corporate insiders own 8.07% of the company’s stock.

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.