National Asset Management Inc. Purchases 108 Shares of Expedia Group, Inc. (NASDAQ: EXPE)


National Asset Management Inc. increased its position in shares of Expedia Group, Inc. (NASDAQ: EXPE – Get Rating) by 6.3% during the first quarter, HoldingsChannel.com reports. The firm owned 1,810 shares of the online travel company’s stock after buying an additional 108 shares during the period. National Asset Management Inc.’s holdings in Expedia Group were worth $ 355,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Third Point LLC bought a new stake in Expedia Group in the fourth quarter valued at $ 236,266,000. D1 Capital Partners LP grew its position in Expedia Group by 10.5% in the fourth quarter. D1 Capital Partners LP now owns 12,683,542 shares of the online travel company’s stock valued at $ 2,292,170,000 after acquiring an additional 1,200,900 shares during the period. BlackRock Inc. grew its position in Expedia Group by 4.8% in the fourth quarter. BlackRock Inc. now owns 10,220,557 shares of the online travel company’s stock valued at $ 1,847,057,000 after acquiring an additional 469,338 shares during the period. Artemis Investment Management LLP grew its position in Expedia Group by 304.4% in the fourth quarter. Artemis Investment Management LLP now owns 591,362 shares of the online travel company’s stock valued at $ 106,787,000 after acquiring an additional 445,123 shares during the period. Finally, Marshall Wace LLP grew its position in Expedia Group by 85.5% in the fourth quarter. Marshall Wace LLP now owns 700,348 shares of the online travel company’s stock valued at $ 126,566,000 after acquiring an additional 322,812 shares during the period. 96.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Redburn Partners upgraded Expedia Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 18th. The Goldman Sachs Group decreased their target price on Expedia Group from $ 206.00 to $ 173.00 and set a “buy” rating on the stock in a report on Thursday, June 9th. Ascendiant Capital Markets set at $ 202.00 target price on Expedia Group in a report on Monday, June 20th. Truist Financial decreased their target price on Expedia Group from $ 240.00 to $ 185.00 and set a “buy” rating on the stock in a report on Thursday, July 14th. Finally, Stifel Nicolaus restated a “hold” rating and set a $ 205.00 target price on shares of Expedia Group in a report on Tuesday, May 3rd. Fourteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $ 191.30.

Expedia Group Stock Performance

NASDAQ: EXPE opened at $ 106.05 on Friday. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.89 and a quick ratio of 0.89. The business has a fifty day simple moving average of $ 106.90 and a two-hundred day simple moving average of $ 153.91. Expedia Group, Inc. has a 1 year low of $ 88.70 and a 1 year high of $ 217.72. The company has a market capitalization of $ 16.66 billion, a P / E ratio of 91.42, a P / E / G ratio of 1.55 and a beta of 1.61.

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

Insiders Place Their Bets

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated 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 sale, the director now owns 252,112 shares of the company’s stock, valued at $ 43,600,249.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated 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 sale, the director now owns 252,112 shares of the company’s stock, valued at $ 43,600,249.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Lance A. Soliday sold 376 shares of Expedia Group stock in a transaction dated Monday, May 16th. The stock was 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 owns 8,949 shares in the company, valued at approximately $ 1,110,749.88. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.

About Expedia Group

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding EXPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expedia Group, Inc. (NASDAQ: EXPE – Get Rating).

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



Receive News & Ratings for Expedia Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Expedia Group and related companies with MarketBeat.com’s FREE daily email newsletter.

.

Leave a Comment

Your email address will not be published. Required fields are marked *