Caisse DE Depot ET Placement DU Quebec Makes New $5.20 Million Investment in Expedia Group, Inc. (NASDAQ:EXPE)

Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 27,884 shares of the online travel company's stock, valued at approximately $5,196,000.

Several other large investors have also modified their holdings of EXPE. Handelsbanken Fonder AB raised its stake in Expedia Group by 17.8% in the 4th quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company's stock valued at $5,729,000 after purchasing an additional 4,656 shares during the last quarter. Teamwork Financial Advisors LLC acquired a new position in shares of Expedia Group in the fourth quarter valued at approximately $1,791,000. Clare Market Investments LLC purchased a new position in shares of Expedia Group during the fourth quarter valued at approximately $319,000. Nisa Investment Advisors LLC lifted its stake in shares of Expedia Group by 17.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 60,003 shares of the online travel company's stock worth $11,180,000 after purchasing an additional 9,086 shares during the period. Finally, Cigna Investments Inc. New acquired a new stake in shares of Expedia Group during the fourth quarter worth $238,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Price Performance

Shares of NASDAQ:EXPE traded up $2.43 during midday trading on Thursday, reaching $168.99. The company's stock had a trading volume of 3,529,207 shares, compared to its average volume of 2,268,975. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $207.73. The business's fifty day simple moving average is $162.82 and its 200-day simple moving average is $175.62. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $21.78 billion, a P/E ratio of 18.67, a P/E/G ratio of 0.92 and a beta of 1.62.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its earnings results on Thursday, May 8th. The online travel company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.61). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. As a group, equities research analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Insider Activity at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total value of $1,028,500.00. Following the sale, the insider now owns 74,502 shares in the company, valued at $15,325,061.40. This represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

EXPE has been the subject of a number of recent analyst reports. Truist Financial boosted their target price on shares of Expedia Group from $163.00 to $175.00 and gave the company a "hold" rating in a report on Wednesday, March 12th. JMP Securities reissued a "market perform" rating on shares of Expedia Group in a research report on Friday, February 7th. UBS Group cut their price objective on Expedia Group from $194.00 to $170.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Citigroup increased their target price on shares of Expedia Group from $200.00 to $217.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 11th. Finally, Wedbush restated a "neutral" rating on shares of Expedia Group in a report on Tuesday, April 15th. Eighteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $194.73.

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.