Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. lessened its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 61.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,722 shares of the online travel company’s stock after selling 9,111 shares during the quarter. Edgestream Partners L.P.’s holdings in Expedia Group were worth $721,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of EXPE. University of Texas Texas AM Investment Managment Co. purchased a new stake in shares of Expedia Group in the fourth quarter valued at $26,000. ORG Partners LLC lifted its holdings in 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 purchasing an additional 181 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Expedia Group during the 2nd quarter worth about $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 worth $30,000 after buying an additional 105 shares in the last quarter. Finally, Crewe Advisors LLC acquired a new position in shares of Expedia Group in the first quarter valued at approximately $40,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Trading Up 1.1 %

NASDAQ EXPE opened at $144.04 on Friday. The stock has a market cap of $19.63 billion, a P/E ratio of 26.97, a PEG ratio of 0.51 and a beta of 1.79. The company’s fifty day simple moving average is $131.94 and its 200-day simple moving average is $128.05. 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 52 week low of $92.48 and a 52 week high of $160.05.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 EPS 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 for the quarter, compared to analyst estimates of $3.53 billion. During the same quarter in the previous year, the business posted $2.34 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. Equities research analysts predict that Expedia Group, Inc. will post 8.98 EPS for the current fiscal year.

Insider Activity at Expedia Group

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

Wall Street Analyst Weigh In

EXPE has been the subject of several recent analyst reports. Wells Fargo & Company lowered their target price on shares of Expedia Group from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Benchmark reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Expedia Group in a research report on Friday, August 9th. UBS Group reduced their target price on Expedia Group from $140.00 to $137.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Barclays lowered their price target on Expedia Group from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Finally, Wedbush increased 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. Eighteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Expedia Group currently has an average rating of “Hold” and an average target price of $148.00.

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.