MBB Public Markets I LLC Takes Position in Expedia Group, Inc. (NASDAQ:EXPE)

MBB Public Markets I LLC purchased a new position in Expedia Group, Inc. (NASDAQ:EXPE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 9,653 shares of the online travel company’s stock, valued at approximately $1,216,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. ORG Partners LLC grew its position in Expedia Group by 4,525.0% in the 1st 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 last quarter. University of Texas Texas AM Investment Managment Co. bought a new position in Expedia Group in the 4th quarter worth approximately $26,000. Innealta Capital LLC acquired a new stake in Expedia Group in the 2nd quarter valued at approximately $27,000. Blue Trust Inc. boosted its position in Expedia Group by 93.8% during the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after acquiring an additional 105 shares during the period. Finally, Crewe Advisors LLC bought a new position in shares of Expedia Group in the first quarter worth $40,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Stock Performance

Shares of EXPE stock opened at $148.02 on Tuesday. The stock’s fifty day simple moving average is $133.37 and its 200-day simple moving average is $128.51. The company has a market capitalization of $20.17 billion, a price-to-earnings ratio of 27.72, a P/E/G ratio of 0.56 and a beta of 1.79. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.45. Expedia Group, Inc. has a 1-year low of $92.48 and a 1-year high of $160.05.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, beating analysts’ consensus estimates of $3.17 by $0.34. The company had revenue of $3.56 billion for 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 firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.34 EPS. On average, sell-side analysts predict that Expedia Group, Inc. will post 8.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Piper Sandler reaffirmed a “neutral” rating and issued a $140.00 price objective (down previously from $145.00) on shares of Expedia Group in a report on Friday, August 9th. DA Davidson reiterated a “neutral” rating and issued a $135.00 price objective on shares of Expedia Group in a report on Friday, August 9th. UBS Group lowered their price objective on shares of Expedia Group from $140.00 to $137.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Truist Financial initiated coverage on Expedia Group in a research report on Friday, September 6th. They issued a “hold” rating and a $148.00 target price for the company. Finally, Wedbush lifted their price target on Expedia Group from $125.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Nineteen research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $149.73.

Insiders Place Their Bets

In other news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the transaction, the director now directly owns 208,505 shares in the company, valued at approximately $31,319,536.05. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $150.21, for a total value of $1,502,100.00. Following the transaction, the director now owns 208,505 shares in the company, valued at $31,319,536.05. 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 5,417 shares of the firm’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 directly owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The disclosure for this sale can be found here. Insiders sold a total of 28,019 shares of company stock worth $3,888,391 in the last quarter. 8.07% of the stock is currently owned by corporate 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.