DoubleLine ETF Adviser LP Makes New $465,000 Investment in Expedia Group, Inc. (NASDAQ:EXPE)

DoubleLine ETF Adviser LP acquired a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,690 shares of the online travel company’s stock, valued at approximately $465,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its holdings in Expedia Group by 7.4% during the fourth quarter. Parallel Advisors LLC now owns 1,163 shares of the online travel company’s stock worth $176,000 after purchasing an additional 80 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Expedia Group by 0.4% during the first quarter. Private Advisor Group LLC now owns 24,351 shares of the online travel company’s stock worth $3,354,000 after acquiring an additional 87 shares during the last quarter. First Trust Direct Indexing L.P. grew its position in shares of Expedia Group by 5.8% during the first quarter. First Trust Direct Indexing L.P. now owns 1,601 shares of the online travel company’s stock worth $221,000 after acquiring an additional 88 shares during the last quarter. Commerce Bank grew its position in shares of Expedia Group by 4.3% during the fourth quarter. Commerce Bank now owns 2,304 shares of the online travel company’s stock worth $350,000 after acquiring an additional 96 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its position in shares of Expedia Group by 5.1% during the first quarter. Bleakley Financial Group LLC now owns 2,028 shares of the online travel company’s stock worth $279,000 after acquiring an additional 99 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insider Transactions at Expedia Group

In other news, insider Robert J. Dzielak sold 5,417 shares of Expedia Group stock in a transaction on 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 transaction, the insider now owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Robert J. Dzielak sold 12,602 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $131.50, for a total value of $1,657,163.00. Following the completion of the transaction, the insider now owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert J. Dzielak sold 5,417 shares of the business’s stock in a transaction dated 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 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. Corporate insiders own 8.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Citigroup raised their target price on shares of Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Piper Sandler restated a “neutral” rating and set a $140.00 target price (down from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Wedbush lifted their price objective on shares of Expedia Group from $125.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Barclays lowered their price objective on shares of Expedia Group from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $130.00 price objective on shares of Expedia Group in a research report on Monday. Nineteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Expedia Group currently has an average rating of “Hold” and a consensus price target of $148.77.

Expedia Group Trading Up 2.1 %

NASDAQ:EXPE opened at $148.48 on Friday. The company has a market capitalization of $20.24 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 0.56 and a beta of 1.79. The company has a quick ratio of 0.76, a current 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. The stock has a fifty day simple moving average of $132.54 and a 200-day simple moving average of $128.30.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.17 by $0.34. The business had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.53 billion. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.34 EPS. On average, equities research analysts expect that Expedia Group, Inc. will post 8.98 earnings per share for the current fiscal year.

About Expedia Group

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.