Expedia Group, Inc. (NASDAQ:EXPE) Stock Holdings Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 8.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 217,286 shares of the online travel company’s stock after acquiring an additional 16,856 shares during the period. Envestnet Asset Management Inc. owned 0.16% of Expedia Group worth $27,376,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Public Employees Retirement Association of Colorado grew its position in shares of Expedia Group by 80.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 16,338 shares of the online travel company’s stock worth $2,480,000 after acquiring an additional 7,270 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position 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 position 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 grew its position 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 worth $21,302,000 after acquiring an additional 8,026 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of Expedia Group by 33.7% during the first quarter. Advisors Asset Management Inc. now owns 7,927 shares of the online travel company’s stock worth $1,092,000 after acquiring an additional 1,996 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was 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 owns 84,543 shares in the company, valued at approximately $11,379,487.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the business’s stock in a transaction 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 sale, the insider now owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert J. Dzielak sold 12,602 shares of the firm’s stock in a transaction dated 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 directly owns 89,960 shares of the company’s stock, valued at $11,829,740. The disclosure for this sale can be found here. 8.07% of the stock is owned by company insiders.

Expedia Group Stock Up 1.1 %

Shares of EXPE stock opened at $144.04 on Friday. Expedia Group, Inc. has a 12 month low of $92.48 and a 12 month high of $160.05. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45. The firm has a market cap of $19.63 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 0.51 and a beta of 1.79. The stock has a 50 day moving average of $131.94 and a 200-day moving average of $128.05.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, beating 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 the consensus estimate of $3.53 billion. During the same period in the prior year, the firm earned $2.34 EPS. The business’s revenue was up 6.0% on a year-over-year basis. On average, equities analysts predict that Expedia Group, Inc. will post 8.98 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EXPE. Barclays reduced their price objective on shares of Expedia Group from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Benchmark reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Expedia Group in a report on Friday, August 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $140.00 price objective on shares of Expedia Group in a report on Friday, August 9th. Wedbush upped their price objective on shares of Expedia Group from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Finally, Truist Financial began coverage on shares of Expedia Group in a report on Friday, September 6th. They issued a “hold” rating and a $148.00 price objective for the company. Eighteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Expedia Group has an average rating of “Hold” and an average target price 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.