Swiss National Bank cut its position in Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 3.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 597,591 shares of the online travel company’s stock after selling 20,300 shares during the quarter. Swiss National Bank owned 0.39% of Expedia Group worth $57,984,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Utah Retirement Systems boosted its stake in shares of Expedia Group by 0.4% in the fourth quarter. Utah Retirement Systems now owns 26,371 shares of the online travel company’s stock valued at $2,310,000 after purchasing an additional 100 shares during the period. Wetherby Asset Management Inc. boosted its stake in Expedia Group by 3.9% during the 1st quarter. Wetherby Asset Management Inc. now owns 2,694 shares of the online travel company’s stock valued at $527,000 after acquiring an additional 100 shares during the last quarter. Forum Financial Management LP boosted its stake in Expedia Group by 8.5% during the 1st quarter. Forum Financial Management LP now owns 1,411 shares of the online travel company’s stock valued at $276,000 after acquiring an additional 110 shares during the last quarter. Wellington Management Group LLP boosted its stake in Expedia Group by 0.6% during the 1st quarter. Wellington Management Group LLP now owns 18,671 shares of the online travel company’s stock valued at $3,654,000 after acquiring an additional 117 shares during the last quarter. Finally, Thoroughbred Financial Services LLC boosted its stake in Expedia Group by 5.6% during the 1st quarter. Thoroughbred Financial Services LLC now owns 2,843 shares of the online travel company’s stock valued at $275,000 after acquiring an additional 150 shares during the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the stock. Morgan Stanley increased their price objective on shares of Expedia Group from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, July 21st. B. Riley started coverage on shares of Expedia Group in a research note on Wednesday, June 21st. They set a “buy” rating and a $160.00 price objective on the stock. Citigroup increased their target price on shares of Expedia Group from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Monday, August 7th. DA Davidson reissued a “neutral” rating and set a $109.00 target price on shares of Expedia Group in a report on Friday, August 4th. Finally, TD Cowen dropped their target price on shares of Expedia Group from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, August 4th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $129.12.
Expedia Group Stock Up 1.5 %
Expedia Group stock opened at $107.21 on Friday. The stock has a market cap of $15.37 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 0.55 and a beta of 1.61. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.94. The company’s 50-day moving average price is $111.99 and its two-hundred day moving average price is $103.96. Expedia Group, Inc. has a 52 week low of $82.39 and a 52 week high of $124.95.
Expedia Group Company Profile
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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