05/10/2022

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AE Wealth Management LLC Increases Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

AE Wealth Management LLC Increases Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

AE Wealth Management LLC boosted its stake in Expedia Group, Inc. (NASDAQ:EXPEGet Rating) by 314.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,857 shares of the online travel company’s stock after purchasing an additional 5,204 shares during the quarter. AE Wealth Management LLC’s holdings in Expedia Group were worth $1,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. IFM Investors Pty Ltd raised 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. TPG Financial Advisors LLC raised its stake in Expedia Group by 37.4% in the first quarter. TPG Financial Advisors LLC now owns 2,331 shares of the online travel company’s stock valued at $456,000 after purchasing an additional 634 shares in the last quarter. Northstar Advisory Group LLC purchased a new stake in Expedia Group in the first quarter valued at approximately $1,146,000. Redpoint Investment Management Pty Ltd raised its stake in Expedia Group by 73.6% in the first quarter. Redpoint Investment Management Pty Ltd now owns 4,032 shares of the online travel company’s stock valued at $789,000 after purchasing an additional 1,710 shares in the last quarter. Finally, Baldwin Brothers LLC MA purchased a new stake in Expedia Group in the first quarter valued at approximately $157,000. 96.08% of the stock is currently owned by institutional investors and hedge funds.

Shares of Expedia Group stock opened at $97.17 on Wednesday. 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 $15.27 billion, a P/E ratio of 83.77, a P/E/G ratio of 1.41 and a beta of 1.61. The business has a fifty day simple moving average of $122.95 and a two-hundred day simple moving average of $164.16. Expedia Group, Inc. has a 12 month low of $90.37 and a 12 month high of $217.72.

Expedia Group (NASDAQ:EXPEGet Rating) last announced its quarterly earnings data on Monday, May 2nd. The online travel company reported ($0.93) EPS for the quarter, missing the consensus estimate of ($0.69) by ($0.24). The firm had revenue of $2.25 billion for the quarter, compared to analysts’ expectations 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. Analysts predict that Expedia Group, Inc. will post 4.57 earnings per share for the current year.

A number of research analysts have commented on EXPE shares. Argus reduced their price target on shares of Expedia Group from $240.00 to $220.00 in a research report on Thursday, April 7th. JPMorgan Chase & Co. reduced their price target on shares of Expedia Group from $206.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 29th. Piper Sandler reduced their price target on shares of Expedia Group from $225.00 to $155.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 28th. Ascendiant Capital Markets set a $202.00 price target on shares of Expedia Group in a research report on Monday, June 20th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $205.00 price target on shares of Expedia Group in a research report on Tuesday, May 3rd. Thirteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $194.85.

In other 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 value 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 approximately $43,600,249.28. The transaction was disclosed in a legal filing with the SEC, which is available through 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 directly owns 8,949 shares of the company’s stock, valued at approximately $1,110,749.88. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

Expedia Group Company Profile (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.

See Also

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

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