Oxbow Advisors LLC Takes Position in Expedia Group, Inc. (NASDAQ:EXPE)

Oxbow Advisors LLC bought a new position in Expedia Group, Inc. (NASDAQ:EXPE) during the second quarter, according to its most recent filing with the SEC. The firm bought 33,937 shares of the online travel company’s stock, valued at approximately $4,276,000.

A number of other large investors also recently modified their holdings of EXPE. Illinois Municipal Retirement Fund lifted its stake in shares of Expedia Group by 176.8% in the second quarter. Illinois Municipal Retirement Fund now owns 97,162 shares of the online travel company’s stock valued at $12,241,000 after buying an additional 62,058 shares in the last quarter. First Business Financial Services Inc. raised its holdings in shares of Expedia Group by 19.1% in the 2nd quarter. First Business Financial Services Inc. now owns 9,747 shares of the online travel company’s stock worth $1,228,000 after acquiring an additional 1,564 shares during the last quarter. National Bank of Canada FI lifted its position in Expedia Group by 34.0% in the 2nd quarter. National Bank of Canada FI now owns 43,308 shares of the online travel company’s stock valued at $5,303,000 after acquiring an additional 10,978 shares in the last quarter. Hohimer Wealth Management LLC acquired a new position in Expedia Group during the 2nd quarter valued at about $2,921,000. Finally, Impact Partnership Wealth LLC increased its holdings in Expedia Group by 50.4% during the 2nd quarter. Impact Partnership Wealth LLC now owns 2,253 shares of the online travel company’s stock worth $284,000 after purchasing an additional 755 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EXPE. Wells Fargo & Company dropped their target price on Expedia Group from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Benchmark restated a “buy” rating and set a $180.00 price objective on shares of Expedia Group in a research note on Friday, August 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $140.00 target price on shares of Expedia Group in a research note on Friday, August 9th. DA Davidson reissued a “neutral” rating and set a $135.00 price target on shares of Expedia Group in a research report on Friday, August 9th. Finally, Cantor Fitzgerald initiated coverage on shares of Expedia Group in a report on Thursday. They set a “neutral” rating and a $130.00 price target on the stock. Eighteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $148.00.

Expedia Group Price Performance

NASDAQ EXPE traded down $2.93 during trading hours on Friday, reaching $132.26. 1,234,041 shares of the stock traded hands, compared to its average volume of 2,352,541. The stock has a 50 day simple moving average of $129.93 and a two-hundred day simple moving average of $128.09. Expedia Group, Inc. has a 1 year low of $92.48 and a 1 year high of $160.05. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market cap of $18.03 billion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth ratio of 0.55 and a beta of 1.79.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.17 by $0.34. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter in the previous year, the company posted $2.34 EPS. Expedia Group’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, analysts predict that Expedia Group, Inc. will post 8.91 EPS for the current fiscal year.

Insider Transactions at Expedia Group

In other news, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $134.60, for a total transaction of $729,128.20. Following the transaction, the insider now directly owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Robert J. Dzielak sold 12,602 shares of Expedia Group stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total value of $1,657,163.00. Following the transaction, the insider now directly owns 89,960 shares of the company’s stock, valued at $11,829,740. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert J. Dzielak sold 5,417 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $134.60, for a total transaction of $729,128.20. Following the sale, the insider now directly owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. The disclosure for this sale can be found here. Company insiders own 8.07% of the company’s stock.

Expedia Group Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.