Envestnet Asset Management Inc. Has $27.38 Million Position in Expedia Group, Inc. (NASDAQ:EXPE)

Envestnet Asset Management Inc. boosted its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 8.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 217,286 shares of the online travel company’s stock after purchasing an additional 16,856 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Expedia Group were worth $27,376,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. ORG Partners LLC raised its stake in Expedia Group by 4,525.0% during the first quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock worth $25,000 after acquiring an additional 181 shares in the last quarter. University of Texas Texas AM Investment Managment Co. acquired a new position in Expedia Group during the fourth quarter worth $26,000. Innealta Capital LLC acquired a new position in Expedia Group during the second quarter worth $27,000. Blue Trust Inc. raised its stake in 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 acquiring an additional 105 shares in the last quarter. Finally, Crewe Advisors LLC acquired a new position in Expedia Group during the first quarter worth $40,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 84,543 shares in the company, valued at $11,379,487.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Robert J. Dzielak sold 5,417 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $134.60, for a total transaction of $729,128.20. Following the completion of the transaction, the insider now owns 84,543 shares in the company, valued at $11,379,487.80. The sale was disclosed in a filing 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 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 transaction, the insider now owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The disclosure for this sale can be found here. Corporate insiders own 8.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on EXPE shares. Wells Fargo & Company lowered their target price on 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 target price on shares of Expedia Group in a research note on Friday, August 9th. Piper Sandler reaffirmed a “neutral” rating and issued a $140.00 target price (down from $145.00) on shares of Expedia Group in a research note on Friday, August 9th. UBS Group dropped their target price on shares of Expedia Group from $140.00 to $137.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Finally, Susquehanna boosted their target price on shares of Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Eighteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $148.00.

Expedia Group Stock Up 1.1 %

Shares of NASDAQ:EXPE opened at $144.04 on Friday. The company has a market capitalization of $19.63 billion, a PE ratio of 26.97, a PEG ratio of 0.51 and a beta of 1.79. Expedia Group, Inc. has a 52 week low of $92.48 and a 52 week high of $160.05. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.76 and a current ratio of 0.76. The company has a 50 day moving average price of $131.94 and a two-hundred day moving average price of $128.05.

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

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.