DnB Asset Management AS Purchases 8,585 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

DnB Asset Management AS lifted its position in Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 38.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 31,037 shares of the online travel company’s stock after purchasing an additional 8,585 shares during the quarter. DnB Asset Management AS’s holdings in Expedia Group were worth $3,012,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Expedia Group by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 16,898,096 shares of the online travel company’s stock worth $1,583,182,000 after buying an additional 265,087 shares in the last quarter. Geode Capital Management LLC lifted its position in Expedia Group by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 3,210,731 shares of the online travel company’s stock worth $280,844,000 after buying an additional 29,222 shares in the last quarter. Alkeon Capital Management LLC lifted its position in Expedia Group by 2.8% during the 4th quarter. Alkeon Capital Management LLC now owns 2,964,112 shares of the online travel company’s stock worth $259,656,000 after buying an additional 79,818 shares in the last quarter. Point72 Asset Management L.P. lifted its position in Expedia Group by 76.3% during the 4th quarter. Point72 Asset Management L.P. now owns 2,525,938 shares of the online travel company’s stock worth $221,272,000 after buying an additional 1,093,545 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in Expedia Group by 33.4% during the 4th quarter. AQR Capital Management LLC now owns 1,944,108 shares of the online travel company’s stock worth $168,438,000 after buying an additional 487,027 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

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Insider Activity

In other news, CAO Lance A. Soliday sold 462 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $91.66, for a total value of $42,346.92. Following the completion of the sale, the chief accounting officer now owns 9,517 shares of the company’s stock, valued at approximately $872,328.22. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 8.07% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EXPE. Piper Sandler reduced their price target on shares of Expedia Group from $135.00 to $125.00 in a research report on Friday, May 5th. Susquehanna cut their target price on shares of Expedia Group from $116.00 to $105.00 in a research report on Monday, May 8th. Wedbush assumed coverage on shares of Expedia Group in a research report on Monday, June 5th. They set a “neutral” rating and a $116.00 target price on the stock. Wells Fargo & Company assumed coverage on shares of Expedia Group in a research report on Wednesday, June 7th. They set an “underweight” rating and a $93.00 target price on the stock. Finally, StockNews.com assumed coverage on shares of Expedia Group in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Expedia Group currently has a consensus rating of “Hold” and an average price target of $128.35.

Expedia Group Price Performance

Shares of EXPE opened at $109.00 on Friday. The stock has a market capitalization of $16.15 billion, a P/E ratio of 55.33, a P/E/G ratio of 1.68 and a beta of 1.61. Expedia Group, Inc. has a twelve month low of $82.39 and a twelve month high of $124.95. The company has a 50 day moving average of $101.17 and a 200-day moving average of $100.55. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.90.

Expedia Group (NASDAQ:EXPE – Free Report) last released its quarterly earnings data on Thursday, May 4th. The online travel company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.46) by ($0.27). The company had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.69 billion. Expedia Group had a net margin of 2.72% and a return on equity of 22.98%. As a group, equities research analysts forecast that Expedia Group, Inc. will post 6.73 EPS for the current fiscal year.

Expedia Group Company Profile

(Free Report)

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 includes 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; Wotif Group; CheapTickets; ebookers; Expedia; Hotwire; CarRentals.com; Classic Vacations; and Expedia Cruise.

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