Envestnet Asset Management Inc. Purchases 15,209 Shares of Expedia Group, Inc. (NASDAQ: EXPE)


Envestnet Asset Management Inc. increased its position in shares of Expedia Group, Inc. (NASDAQ: EXPE – Get Rating) by 25.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 75,307 shares of the online travel company’s stock after buying an additional 15,209 shares during the period. Envestnet Asset Management Inc.’s holdings in Expedia Group were worth $ 14,735,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of EXPE. IFM Investors Pty Ltd increased its stake in Expedia Group by 34.3% in the first quarter. IFM Investors Pty Ltd now owns 24,494 shares of the online travel company’s stock valued at $ 4,793,000 after purchasing an additional 6,261 shares in the last quarter. Brinker Capital Investments LLC boosted its holdings in Expedia Group by 6.4% during the fourth quarter. Brinker Capital Investments LLC now owns 4,924 shares of the online travel company’s stock worth $ 890,000 after purchasing an additional 297 shares during the last quarter. AE Wealth Management LLC boosted its holdings in Expedia Group by 314.8% during the first quarter. AE Wealth Management LLC now owns 6,857 shares of the online travel company’s stock worth $ 1,342,000 after purchasing an additional 5,204 shares during the last quarter. Regentatlantic Capital LLC boosted its holdings in Expedia Group by 3.5% during the first quarter. Regentatlantic Capital LLC now owns 25,116 shares of the online travel company’s stock worth $ 4,914,000 after purchasing an additional 853 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in Expedia Group by 46.8% during the fourth quarter. HighTower Advisors LLC now owns 23,485 shares of the online travel company’s stock worth $ 4,244,000 after purchasing an additional 7,490 shares during the last quarter. Institutional investors own 96.08% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on EXPE. StockNews.com upgraded shares of Expedia Group from a “hold” rating to a “buy” rating in a report on Thursday, May 5th. Ascendiant Capital Markets set at $ 202.00 price objective on shares of Expedia Group in a research report on Monday, June 20th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Expedia Group from $ 235.00 to $ 130.00 and set a “buy” rating on the stock in a research report on Monday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $ 205.00 price objective on shares of Expedia Group in a research report on Tuesday, May 3rd. Finally, DA Davidson boosted their price target on shares of Expedia Group from $ 167.00 to $ 195.00 and gave the company a “neutral” rating in a research report on Tuesday, May 3rd. Fourteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $ 184.63.

Expedia Group Price Performance

Shares of Expedia Group stock opened at $ 102.20 on Friday. Expedia Group, Inc. has a 52-week low of $ 88.70 and a 52-week high of $ 217.72. The stock has a market capitalization of $ 16.06 billion, a price-to-earnings ratio of 88.10, a price-to-earnings-growth ratio of 1.65 and a beta of 1.60. The company has a fifty day moving average of $ 105.35 and a 200-day moving average of $ 151.68. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.89 and a current ratio of 0.89.

Expedia Group (NASDAQ: EXPE – Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The online travel company reported $ 1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 1.57 by $ 0.39. Expedia Group had a net margin of 4.87% and a return on equity of 11.93%. The company had revenue of $ 3.18 billion during the quarter, compared to analysts’ expectations of $ 2.99 billion. During the same quarter in the prior year, the company earned ($ 1.77) EPS. The firm’s revenue was up 50.7% on a year-over-year basis. Equities research analysts expect that Expedia Group, Inc. will post 4.49 EPS for the current year.

Insider Activity

In other news, CAO Lance A. Soliday sold 376 shares of the company’s stock in a transaction 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 sale, the chief accounting officer now owns 8,949 shares of the company’s stock, valued at approximately $ 1,110,749.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.00% of the stock is owned by corporate insiders.

About Expedia Group

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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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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)



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