Expedia Group, Inc. (NASDAQ:EXPE) Shares Purchased by Prospector Partners LLC

Prospector Partners LLC grew its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 10.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 74,405 shares of the online travel company’s stock after acquiring an additional 7,225 shares during the quarter. Prospector Partners LLC owned about 0.05% of Expedia Group worth $9,374,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of EXPE. ORG Partners LLC lifted its holdings in Expedia Group by 4,525.0% in the first quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock worth $25,000 after purchasing an additional 181 shares during the period. University of Texas Texas AM Investment Managment Co. bought a new stake in shares of Expedia Group during the 4th quarter worth about $26,000. Innealta Capital LLC acquired a new stake in shares of Expedia Group in the 2nd quarter worth approximately $27,000. Blue Trust Inc. boosted its holdings in shares of Expedia Group by 93.8% in the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock valued at $30,000 after acquiring an additional 105 shares in the last quarter. Finally, Crewe Advisors LLC acquired a new position in shares of Expedia Group during the first quarter valued at approximately $40,000. Institutional investors own 90.76% of the company’s stock.

Insider Activity

In related news, insider Robert J. Dzielak sold 5,417 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following 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 is available at this link. In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 89,960 shares of the company’s stock, valued at $11,829,740. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Dzielak sold 5,417 shares of the company’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 sale, the insider now 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. 8.07% of the stock is owned by corporate insiders.

Expedia Group Stock Up 1.1 %

EXPE stock opened at $144.04 on Friday. The company has a 50 day moving average of $131.94 and a two-hundred day moving average of $128.05. 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 12-month low of $92.48 and a 12-month high of $160.05. The company has a market cap of $19.63 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 0.51 and a beta of 1.79.

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

Analyst Upgrades and Downgrades

EXPE has been the subject of a number of research reports. Piper Sandler reaffirmed a “neutral” rating and set a $140.00 price target (down from $145.00) on shares of Expedia Group in a research note on Friday, August 9th. Barclays decreased their target price on Expedia Group from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Truist Financial initiated coverage on shares of Expedia Group in a research report on Friday, September 6th. They issued a “hold” rating and a $148.00 price target on the stock. Citigroup raised their price objective on shares of Expedia Group from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Finally, UBS Group dropped their target price on shares of Expedia Group from $140.00 to $137.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Eighteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $148.00.

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.