Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) by 434.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,720 shares of the online travel company's stock after buying an additional 39,603 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Expedia Group were worth $4,620,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of EXPE. MCF Advisors LLC acquired a new stake in shares of Expedia Group during the 1st quarter worth approximately $28,000. FNY Investment Advisers LLC acquired a new stake in shares of Expedia Group during the 1st quarter worth approximately $29,000. Parkside Financial Bank & Trust grew its position in shares of Expedia Group by 41.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the online travel company's stock worth $36,000 after buying an additional 58 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in shares of Expedia Group during the 1st quarter worth approximately $36,000. Finally, Salem Investment Counselors Inc. acquired a new position in Expedia Group during the first quarter valued at approximately $44,000. Institutional investors and hedge funds own 97.43% of the company's stock.
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In other Expedia Group news, Director Jonathan L. Dolgen sold 1,000 shares of the company's stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $101.55, for a total value of $101,550.00. Following the transaction, the director now directly owns 37,779 shares in the company, valued at $3,836,457.45. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Expedia Group news, CAO Lance A. Soliday sold 636 shares of the company's stock in a transaction on Monday, August 15th. The shares were sold at an average price of $114.04, for a total value of $72,529.44. Following the transaction, the chief accounting officer now directly owns 8,949 shares in the company, valued at $1,020,543.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jonathan L. Dolgen sold 1,000 shares of the company's stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $101.55, for a total transaction of $101,550.00. Following the completion of the transaction, the director now owns 37,779 shares in the company, valued at $3,836,457.45. The disclosure for this sale can be found here. Corporate insiders own 7.52% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Expedia Group from $206.00 to $125.00 and set a "neutral" rating for the company in a report on Wednesday, June 29th. Morgan Stanley decreased their price objective on shares of Expedia Group from $140.00 to $128.00 and set an "equal weight" rating for the company in a report on Tuesday, August 23rd. Susquehanna decreased their price objective on shares of Expedia Group from $145.00 to $115.00 and set a "neutral" rating for the company in a report on Friday, August 12th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Expedia Group from $235.00 to $130.00 and set a "buy" rating for the company in a report on Monday, August 1st. Finally, Credit Suisse Group decreased their price objective on shares of Expedia Group to $216.00 in a report on Tuesday, August 9th. Fourteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $166.42.Expedia Group Stock Performance
NASDAQ EXPE opened at $91.26 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.99. The firm's fifty day moving average price is $104.65 and its two-hundred day moving average price is $130.41. Expedia Group, Inc. has a 1 year low of $88.70 and a 1 year high of $217.72. The firm has a market capitalization of $14.38 billion, a P/E ratio of 45.40, a price-to-earnings-growth ratio of 1.29 and a beta of 1.58.
Expedia Group (NASDAQ:EXPE – Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.39. Expedia Group had a net margin of 4.26% and a return on equity of 22.14%. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the firm posted ($1.77) earnings per share. The company's quarterly revenue was up 50.7% compared to the same quarter last year. As a group, research analysts anticipate that Expedia Group, Inc. will post 5.04 EPS for the current year.
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 include 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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