Marco Investment Management LLC Sells 560 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Marco Investment Management LLC cut its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 2.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,907 shares of the online travel company’s stock after selling 560 shares during the quarter. Marco Investment Management LLC’s holdings in Expedia Group were worth $2,886,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPE. AdvisorShares Investments LLC increased its stake in Expedia Group by 7.1% in the 2nd quarter. AdvisorShares Investments LLC now owns 1,517 shares of the online travel company’s stock worth $186,000 after buying an additional 100 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of Expedia Group by 3.8% during the second quarter. Daiwa Securities Group Inc. now owns 16,048 shares of the online travel company’s stock worth $2,022,000 after purchasing an additional 594 shares in the last quarter. Andra AP fonden raised its stake in Expedia Group by 94.5% during the 2nd quarter. Andra AP fonden now owns 133,800 shares of the online travel company’s stock valued at $16,857,000 after purchasing an additional 65,000 shares during the period. X Square Capital LLC lifted its holdings in Expedia Group by 7.7% in the 2nd quarter. X Square Capital LLC now owns 15,780 shares of the online travel company’s stock worth $1,988,000 after purchasing an additional 1,134 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new position in Expedia Group in the 2nd quarter worth approximately $204,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EXPE has been the subject of a number of research analyst reports. BTIG Research reduced their price objective on shares of Expedia Group from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, May 21st. Barclays reduced their target price on Expedia Group from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Benchmark reiterated a “buy” rating and issued a $180.00 target price on shares of Expedia Group in a research report on Friday, August 9th. BMO Capital Markets restated a “market perform” rating and set a $145.00 price target on shares of Expedia Group in a report on Wednesday, May 15th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $135.00 price objective on shares of Expedia Group in a report on Friday, August 9th. Eighteen equities research 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 has a consensus rating of “Hold” and an average target price of $148.00.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 12,602 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total value of $1,657,163.00. Following the transaction, the insider now 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 the SEC website. In related news, insider Robert J. Dzielak sold 12,602 shares of Expedia Group stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $131.50, for a total value of $1,657,163.00. Following the completion of the sale, the insider now directly owns 89,960 shares in the company, valued at $11,829,740. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 5,417 shares of the 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 owns 84,543 shares in the company, valued at $11,379,487.80. The disclosure for this sale can be found here. Corporate insiders own 8.07% of the company’s stock.

Expedia Group Stock Down 1.3 %

NASDAQ:EXPE opened at $131.10 on Wednesday. The company has a market cap of $17.07 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 0.52 and a beta of 1.79. Expedia Group, Inc. has a twelve month low of $92.48 and a twelve month high of $160.05. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.45. The stock has a fifty day simple moving average of $130.30 and a 200-day simple moving average of $127.91.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 EPS for the quarter, topping the consensus estimate of $3.17 by $0.34. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.53 billion. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.34 EPS. Analysts anticipate that Expedia Group, Inc. will post 8.92 EPS for the current year.

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.