Syon Capital LLC Invests $337,000 in Expedia Group, Inc. (NASDAQ:EXPE)

Syon Capital LLC acquired a new position in Expedia Group, Inc. (NASDAQ:EXPE) during the fourth quarter, Holdings Channel reports. The firm acquired 2,217 shares of the online travel company’s stock, valued at approximately $337,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of EXPE. ValueAct Holdings L.P. acquired a new position in shares of Expedia Group in the 4th quarter worth $645,346,000. Norges Bank acquired a new position in shares of Expedia Group in the 4th quarter worth $334,632,000. Kodai Capital Management LP acquired a new position in shares of Expedia Group in the 4th quarter worth $38,072,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Expedia Group by 242.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 262,519 shares of the online travel company’s stock worth $27,058,000 after acquiring an additional 185,880 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Expedia Group by 24.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 767,709 shares of the online travel company’s stock worth $116,541,000 after acquiring an additional 151,993 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

Insiders Place Their Bets

In related news, Director Craig A. Jacobson sold 6,722 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total transaction of $757,636.62. Following the completion of the transaction, the director now owns 32,620 shares of the company’s stock, valued at approximately $3,676,600.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Craig A. Jacobson sold 6,722 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total transaction of $757,636.62. Following the completion of the transaction, the director now owns 32,620 shares of the company’s stock, valued at approximately $3,676,600.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lance A. Soliday sold 544 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $113.38, for a total value of $61,678.72. Following the transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at approximately $1,268,382.06. The disclosure for this sale can be found here. Insiders own 8.07% of the company’s stock.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $124.07 on Tuesday. Expedia Group, Inc. has a fifty-two week low of $92.48 and a fifty-two week high of $160.05. The business has a 50-day moving average of $121.52 and a two-hundred day moving average of $135.29. The stock has a market capitalization of $16.91 billion, a P/E ratio of 23.23, a P/E/G ratio of 0.47 and a beta of 1.79. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.79 and a quick ratio of 0.79.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, May 2nd. The online travel company reported ($0.39) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.96) by $0.57. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.80 billion. On average, equities research analysts predict that Expedia Group, Inc. will post 9.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EXPE. Barclays decreased their target price on Expedia Group from $158.00 to $138.00 and set an “equal weight” rating on the stock in a report on Monday, May 6th. DA Davidson reiterated a “neutral” rating and set a $135.00 price target (down previously from $152.00) on shares of Expedia Group in a report on Friday, May 3rd. Wells Fargo & Company lowered their price target on Expedia Group from $149.00 to $137.00 and set an “equal weight” rating on the stock in a report on Friday, May 3rd. BTIG Research lowered their price target on Expedia Group from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, May 21st. Finally, Mizuho lowered their price target on Expedia Group from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Sixteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $148.12.

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.