Pacer Advisors Inc. Has $334.40 Million Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Pacer Advisors Inc. increased its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 36.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,654,200 shares of the online travel company’s stock after buying an additional 714,229 shares during the period. Pacer Advisors Inc. owned 1.95% of Expedia Group worth $334,403,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. ValueAct Holdings L.P. acquired a new position in Expedia Group in the 4th quarter valued at $645,346,000. Acadian Asset Management LLC raised its stake in Expedia Group by 414.4% in the first quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock valued at $94,512,000 after purchasing an additional 552,831 shares in the last quarter. AustralianSuper Pty Ltd lifted its position in Expedia Group by 88.8% during the second quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock worth $94,903,000 after purchasing an additional 354,389 shares during the period. Norden Group LLC acquired a new stake in Expedia Group during the first quarter worth about $40,976,000. Finally, Jupiter Asset Management Ltd. grew its stake in Expedia Group by 90.4% during the first quarter. Jupiter Asset Management Ltd. now owns 557,243 shares of the online travel company’s stock worth $76,760,000 after buying an additional 264,572 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EXPE. Benchmark reaffirmed a “buy” rating and set a $180.00 price target on shares of Expedia Group in a report on Friday, August 9th. Royal Bank of Canada restated a “sector perform” rating and set a $140.00 target price on shares of Expedia Group in a research note on Friday, August 9th. Wells Fargo & Company reduced their target price on Expedia Group from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Wedbush boosted their price target on Expedia Group from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Finally, Citigroup raised their price objective on Expedia Group from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Eighteen 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 stock currently has a consensus rating of “Hold” and a consensus price target of $148.00.

Expedia Group Price Performance

Expedia Group stock opened at $144.04 on Friday. The firm has a market cap of $19.63 billion, a P/E ratio of 26.97, a P/E/G ratio of 0.51 and a beta of 1.79. The stock’s 50 day moving average is $131.94 and its 200 day moving average is $128.09. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.76 and a quick ratio of 0.76. Expedia Group, Inc. has a one year low of $92.48 and a one year high of $160.05.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 EPS for the quarter, beating 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 company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.53 billion. During the same period in the prior year, the firm posted $2.34 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, research analysts expect that Expedia Group, Inc. will post 8.98 EPS for the current year.

Insider Activity

In related news, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, 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 value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert J. Dzielak sold 12,602 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was 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 in the company, valued at approximately $11,829,740. The disclosure for this sale can be found here. 8.07% of the stock is owned by company insiders.

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.