Scout Investments Inc. raised its holdings in Expedia Group Inc (NASDAQ:EXPE) by 7.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 144,575 shares of the online travel company’s stock after purchasing an additional 10,436 shares during the period. Scout Investments Inc. owned about 0.10% of Expedia Group worth $18,864,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. IMA Wealth Inc. acquired a new position in shares of Expedia Group in the 2nd quarter valued at approximately $105,000. Dupont Capital Management Corp raised its position in shares of Expedia Group by 62.8% in the 2nd quarter. Dupont Capital Management Corp now owns 1,410 shares of the online travel company’s stock valued at $169,000 after purchasing an additional 544 shares in the last quarter. Hilltop Holdings Inc. acquired a new position in shares of Expedia Group in the 2nd quarter valued at approximately $206,000. Raymond James Trust N.A. acquired a new position in shares of Expedia Group in the 2nd quarter valued at approximately $208,000. Finally, Roberts Glore & Co. Inc. IL acquired a new position in shares of Expedia Group in the 2nd quarter valued at approximately $209,000. 79.43% of the stock is currently owned by institutional investors.
A number of brokerages have issued reports on EXPE. BidaskClub lowered Expedia Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. SunTrust Banks reaffirmed a “buy” rating on shares of Expedia Group in a research report on Monday, July 2nd. Evercore ISI began coverage on Expedia Group in a research report on Monday. They issued an “outperform” rating and a $140.00 target price on the stock. Wedbush upped their target price on Expedia Group from $117.00 to $133.00 and gave the company a “hold” rating in a research report on Friday, July 27th. Finally, Citigroup upped their price target on Expedia Group from $140.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, July 30th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $147.87.
Shares of EXPE opened at $121.91 on Wednesday. The firm has a market cap of $19.52 billion, a P/E ratio of 32.64, a P/E/G ratio of 1.84 and a beta of 1.34. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.67. Expedia Group Inc has a 12 month low of $98.52 and a 12 month high of $154.24.
Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, July 26th. The online travel company reported $1.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.83. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.88 billion. Expedia Group had a return on equity of 9.48% and a net margin of 2.54%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.89 EPS. On average, equities analysts forecast that Expedia Group Inc will post 4.42 earnings per share for the current fiscal year.
In related news, insider Lance A. Soliday sold 3,269 shares of the company’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $138.07, for a total transaction of $451,350.83. Following the completion of the transaction, the insider now directly owns 7,143 shares in the company, valued at approximately $986,234.01. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Susan C. Athey sold 1,547 shares of the company’s stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $133.99, for a total value of $207,282.53. Following the transaction, the director now owns 1,974 shares of the company’s stock, valued at $264,496.26. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,316 shares of company stock valued at $1,125,813. 20.96% of the stock is owned by company insiders.
Expedia Group Profile
Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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