Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc trimmed its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 3.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,912 shares of the online travel company’s stock after selling 731 shares during the period. Impax Asset Management Group plc’s holdings in Expedia Group were worth $2,947,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. DoubleLine ETF Adviser LP acquired a new stake in shares of Expedia Group in the second quarter valued at about $465,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Expedia Group by 18.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 154,867 shares of the online travel company’s stock valued at $21,333,000 after buying an additional 23,939 shares during the last quarter. Swedbank AB increased its position in Expedia Group by 5.0% during the second quarter. Swedbank AB now owns 169,076 shares of the online travel company’s stock worth $21,302,000 after purchasing an additional 8,026 shares during the last quarter. Forsta AP Fonden increased its position in Expedia Group by 26.6% during the third quarter. Forsta AP Fonden now owns 42,300 shares of the online travel company’s stock worth $6,261,000 after purchasing an additional 8,900 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in Expedia Group by 33.7% during the first quarter. Advisors Asset Management Inc. now owns 7,927 shares of the online travel company’s stock worth $1,092,000 after purchasing an additional 1,996 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EXPE has been the subject of several recent analyst reports. BTIG Research raised their price objective on shares of Expedia Group from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. DA Davidson restated a “neutral” rating and set a $135.00 price objective on shares of Expedia Group in a research 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 report on Friday, August 9th. Royal Bank of Canada restated a “sector perform” rating and set a $140.00 price objective on shares of Expedia Group in a research report on Friday, August 9th. Finally, Bank of America raised their price objective on shares of Expedia Group from $144.00 to $166.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Nineteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $152.54.

Expedia Group Stock Up 2.3 %

Shares of Expedia Group stock opened at $164.87 on Wednesday. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $166.61. The company has a 50 day moving average of $147.67 and a 200 day moving average of $132.56. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45. The company has a market capitalization of $21.46 billion, a P/E ratio of 29.44, a P/E/G ratio of 0.62 and a beta of 1.78.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.17 by $0.34. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. 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 firm earned $2.34 earnings per share. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, research analysts forecast that Expedia Group, Inc. will post 8.99 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Robert J. Dzielak sold 12,602 shares of Expedia Group stock in a transaction that occurred 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 completion of the transaction, the insider now owns 89,960 shares in the company, valued at $11,829,740. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Robert J. Dzielak sold 12,602 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the completion of the sale, the insider now owns 89,960 shares in the company, valued at approximately $11,829,740. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $156.87, for a total transaction of $1,568,700.00. Following the sale, the director now owns 188,505 shares of the company’s stock, valued at $29,570,779.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,019 shares of company stock worth $6,958,891 over the last 90 days. 6.80% of the stock is owned by insiders.

Expedia Group Company 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.