Highland Capital Management LLC Buys New Position in Expedia Group, Inc. (NASDAQ:EXPE)

Highland Capital Management LLC bought a new stake in Expedia Group, Inc. (NASDAQ:EXPEGet Rating) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,540 shares of the online travel company’s stock, valued at approximately $1,094,000.

Several other institutional investors have also added to or reduced their stakes in EXPE. Gotham Asset Management LLC boosted its holdings in shares of Expedia Group by 48.6% during the 4th quarter. Gotham Asset Management LLC now owns 9,029 shares of the online travel company’s stock worth $1,632,000 after buying an additional 2,951 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Expedia Group by 25.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,966 shares of the online travel company’s stock worth $897,000 after buying an additional 1,005 shares in the last quarter. Quantitative Investment Management LLC bought a new position in shares of Expedia Group during the 4th quarter worth approximately $424,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of Expedia Group during the 4th quarter worth approximately $91,000. Finally, State Street Corp boosted its holdings in shares of Expedia Group by 4.7% during the 4th quarter. State Street Corp now owns 5,820,781 shares of the online travel company’s stock worth $1,051,932,000 after buying an additional 262,865 shares in the last quarter. 97.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EXPE. Evercore ISI cut their target price on Expedia Group from $222.00 to $154.00 and set an “in-line” rating on the stock in a report on Thursday, July 7th. JMP Securities reiterated a “mkt perform” rating on shares of Expedia Group in a report on Wednesday, June 22nd. Susquehanna Bancshares lowered their price target on Expedia Group from $145.00 to $115.00 and set a “neutral” rating for the company in a research report on Friday, August 12th. Atlantic Securities lowered their price target on Expedia Group to $125.00 in a research report on Tuesday, August 9th. Finally, Citigroup lowered their price target on Expedia Group from $200.00 to $118.00 and set a “neutral” rating for the company in a research report on Thursday, June 16th. Fourteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $166.42.

Expedia Group Stock Down 7.1 %

Shares of NASDAQ EXPE opened at $92.00 on Friday. Expedia Group, Inc. has a 52 week low of $88.70 and a 52 week high of $217.72. The business has a 50-day simple moving average of $104.67 and a two-hundred day simple moving average of $131.57. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.99. The company has a market cap of $14.50 billion, a P/E ratio of 45.77, a P/E/G ratio of 1.40 and a beta of 1.58.

Expedia Group (NASDAQ:EXPEGet Rating) last issued its earnings results on Thursday, August 4th. The online travel company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.57 by $0.39. Expedia Group had a return on equity of 22.14% and a net margin of 4.26%. The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the company earned ($1.77) EPS. The firm’s revenue was up 50.7% compared to the same quarter last year. Research analysts anticipate that Expedia Group, Inc. will post 5.04 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jonathan L. Dolgen sold 1,000 shares of Expedia Group stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $101.55, for a total transaction of $101,550.00. Following the completion of the sale, the director now owns 37,779 shares in the company, valued at approximately $3,836,457.45. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Jonathan L. Dolgen sold 1,000 shares of Expedia Group stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $101.55, for a total transaction of $101,550.00. Following the completion of the sale, the director now owns 37,779 shares in the company, valued at approximately $3,836,457.45. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Lance A. Soliday sold 636 shares of the firm’s stock in a transaction dated 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 disclosure for this sale can be found here. Corporate insiders own 7.52% 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 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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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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