28/09/2022

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DNB Asset Management AS Increases Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

DNB Asset Management AS Increases Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

DNB Asset Management AS increased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPEGet Rating) by 7.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,216 shares of the online travel company’s stock after buying an additional 1,534 shares during the period. DNB Asset Management AS’s holdings in Expedia Group were worth $4,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Selective Wealth Management Inc. purchased a new position in shares of Expedia Group during the 4th quarter valued at approximately $27,000. Lindbrook Capital LLC lifted its position in shares of Expedia Group by 116.7% during the 4th quarter. Lindbrook Capital LLC now owns 156 shares of the online travel company’s stock valued at $28,000 after buying an additional 84 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Expedia Group by 41.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the online travel company’s stock valued at $36,000 after purchasing an additional 58 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in Expedia Group in the 4th quarter valued at $37,000. Finally, Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in Expedia Group in the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 96.08% of the company’s stock.

Shares of Expedia Group stock opened at $97.14 on Thursday. Expedia Group, Inc. has a one year low of $95.65 and a one year high of $217.72. The company has a market cap of $15.26 billion, a PE ratio of 83.74, a P/E/G ratio of 1.39 and a beta of 1.53. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.89 and a current ratio of 0.89. The business has a 50-day simple moving average of $138.85 and a 200-day simple moving average of $168.27.

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 analysts’ consensus estimates of ($0.69) by ($0.24). The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.27 billion. Expedia Group had a return on equity of 11.93% and a net margin of 4.87%. During the same period in the prior year, the firm posted ($2.59) earnings per share. On average, sell-side analysts predict that Expedia Group, Inc. will post 4.8 earnings per share for the current fiscal year.

In related news, Director Dara Khosrowshahi sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, April 1st. The stock was sold at an average price of $198.29, for a total transaction of $3,965,800.00. Following the completion of the sale, the director now owns 262,112 shares in the company, valued at $51,974,188.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Lance A. Soliday sold 376 shares of the business’s stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,376 shares of company stock valued at $6,741,869. 5.00% of the stock is owned by company insiders.

A number of research analysts have weighed in on EXPE shares. StockNews.com upgraded Expedia Group from a “hold” rating to a “buy” rating in a report on Thursday, May 5th. Benchmark raised their price objective on Expedia Group from $265.00 to $275.00 in a report on Tuesday, May 3rd. Redburn Partners upgraded Expedia Group from a “neutral” rating to a “buy” rating in a report on Wednesday, May 18th. Citigroup reduced their price target on Expedia Group from $200.00 to $118.00 and set a “neutral” rating on the stock in a report on Thursday, June 16th. Finally, DA Davidson lifted their price target on Expedia Group from $167.00 to $195.00 and gave the stock a “neutral” rating in a report on Tuesday, May 3rd. Twelve investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $200.44.

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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