Atria Investments LLC Takes $ 1.31 Million Position in Expedia Group, Inc. (NASDAQ: EXPE)


Atria Investments LLC bought a new position in Expedia Group, Inc. (NASDAQ: EXPE – Get Rating) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 6,685 shares of the online travel company’s stock, valued at approximately $ 1,308,000.

A number of other large investors also recently added to or reduced their stakes in EXPE. AE Wealth Management LLC raised its position in Expedia Group by 6.0% in the 4th quarter. AE Wealth Management LLC now owns 1,653 shares of the online travel company’s stock worth $ 299,000 after purchasing an additional 93 shares during the period. Russell Investments Group Ltd. grew its holdings in Expedia Group by 14.7% in the 4th quarter. Russell Investments Group Ltd. now owns 22,566 shares of the online travel company’s stock worth $ 4,077,000 after acquiring an additional 2,900 shares during the last quarter. National Bank of Canada FI bought a new stake in Expedia Group in the 4th quarter worth $ 199,000. Lincoln National Corp bought a new stake in Expedia Group in the 4th quarter worth $ 207,000. Finally, NN Investment Partners Holdings NV grew its holdings in Expedia Group by 79.8% in the 4th quarter. NN Investment Partners Holdings NV now owns 92,273 shares of the online travel company’s stock worth $ 16,677,000 after acquiring an additional 40,956 shares during the last quarter. Hedge funds and other institutional investors own 96.08% of the company’s stock.

Expedia Group Stock Performance

Shares of NASDAQ EXPE opened at $ 97.73 on Wednesday. The firm has a 50 day moving average of $ 108.03 and a 200 day moving average of $ 155.32. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $ 15.35 billion, a price-to-earnings ratio of 84.25, a price-to-earnings-growth ratio of 1.58 and a beta of 1.61. Expedia Group, Inc. has a 12-month low of $ 88.70 and a 12-month high of $ 217.72.

Expedia Group (NASDAQ: EXPE – Get Rating) last posted its quarterly earnings results on Monday, May 2nd. The online travel company reported ($ 0.93) earnings per share for the quarter, missing analysts’ consensus estimates of ($ 0.69) by ($ 0.24). The firm had revenue of $ 2.25 billion during the quarter, compared to the consensus estimate of $ 2.27 billion. Expedia Group had a return on equity of 11.93% and a net margin of 4.87%. During the same quarter in the previous year, the company earned ($ 2.59) earnings per share. On average, research analysts anticipate that Expedia Group, Inc. will post 4.49 earnings per share for the current year.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 376 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $ 124.12, for a total value of $ 46,669.12. Following the completion of the transaction, the chief accounting officer now directly owns 8,949 shares in the company, valued at $ 1,110,749.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Expedia Group news, CAO Lance A. Soliday sold 376 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $ 124.12, for a total value of $ 46,669.12. Following the completion of the transaction, the chief accounting officer now directly owns 8,949 shares in the company, valued at $ 1,110,749.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $ 172.94, for a total transaction of $ 1,729,400.00. Following the completion of the transaction, the director now owns 252,112 shares of the company’s stock, valued at $ 43,600,249.28. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPE has been the topic of a number of recent analyst reports. Evercore ISI cut their price target on shares of Expedia Group from $ 222.00 to $ 154.00 and set an “in-line” rating on the stock in a report on Thursday, July 7th. DA Davidson raised their price target on shares of Expedia Group from $ 167.00 to $ 195.00 and gave the stock a “neutral” rating in a report on Tuesday, May 3rd. BTIG Research cut their target price on shares of Expedia Group from $ 235.00 to $ 150.00 and set a “buy” rating on the stock in a research note on Wednesday, June 15th. Redburn Partners raised shares of Expedia Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 18th. Finally, Benchmark lifted their target price on shares of Expedia Group from $ 265.00 to $ 275.00 in a research note on Tuesday, May 3rd. Fourteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $ 191.30.

Expedia Group Profile

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Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio includes Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, and CheapTickets travel websites; ebookers, an online EMEA travel agent for travelers an array of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental booking service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.

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Institutional Ownership by Quarter for Expedia Group (NASDAQ: EXPE)



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