IPG Investment Advisors LLC Makes New $1.61 Million Investment in Expedia Group, Inc. $EXPE

Key Points

• IPG Investment Advisors opened a new Expedia Group position, buying 6,134 shares worth approximately $1.615 million in the third quarter. Institutional investors collectively own 90.76% of the company’s shares.
• Expedia reported quarterly earnings of $5.76 per share, beating estimates of $5.22, while revenue rose 14% year over year to $4.32 billion.
• Analysts’ consensus rating is Hold, with an average price target of $312.61; 18 analysts rate the stock Buy, 20 Hold, and one Sell.

IPG Investment Advisors LLC purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,134 shares of the online travel company's stock, valued at approximately $1,615,000.

Other hedge funds have also modified their holdings of the company. First Trust Advisors LP boosted its stake in Expedia Group by 104.1% during the first quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company's stock worth $275,112,000 after buying an additional 607,698 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Expedia Group by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,190,874 shares of the online travel company's stock valued at $274,948,000 after acquiring an additional 17,378 shares during the period. Pacer Advisors Inc. raised its stake in shares of Expedia Group by 13.3% in the 1st quarter. Pacer Advisors Inc. now owns 1,069,524 shares of the online travel company's stock valued at $246,942,000 after acquiring an additional 125,749 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Expedia Group by 67.7% in the 2nd quarter. Wellington Management Group LLP now owns 780,140 shares of the online travel company's stock worth $199,622,000 after acquiring an additional 314,984 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Expedia Group in the 2nd quarter worth approximately $166,203,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Trading Down 4.4%

NASDAQ EXPE opened at $285.77 on Wednesday. The firm has a 50 day simple moving average of $284.66 and a 200-day simple moving average of $259.49. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80. Expedia Group, Inc. has a one year low of $185.34 and a one year high of $342.00. The firm has a market cap of $34.30 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 0.72 and a beta of 1.39.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, beating analysts' consensus estimates of $5.22 by $0.54. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The firm had revenue of $4.32 billion during the quarter, compared to analysts' expectations of $4.17 billion. During the same quarter in the previous year, the business posted $4.24 earnings per share. The business's quarterly revenue was up 14.0% compared to the same quarter last year. Equities research analysts anticipate that Expedia Group, Inc. will post 17.37 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Melius Research set a $355.00 price objective on shares of Expedia Group in a research report on Tuesday, October 20th. Barclays boosted their target price on Expedia Group from $264.00 to $320.00 and gave the company an "equal weight" rating in a research report on Thursday, August 6th. Rosenblatt Securities assumed coverage on Expedia Group in a research note on Tuesday, September 1st. They set a "neutral" rating and a $360.00 price target on the stock. Jefferies Financial Group raised their price target on Expedia Group from $300.00 to $310.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Finally, Wall Street Zen cut Expedia Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, October 10th. Eighteen research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $312.61.

Insiders Place Their Bets

In other news, insider Robert J. Dzielak sold 3,003 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $315.00, for a total value of $945,945.00. Following the sale, the insider directly owned 103,829 shares in the company, valued at approximately $32,706,135. This trade represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lance A. Soliday sold 2,810 shares of Expedia Group stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total value of $909,456.50. Following the completion of the transaction, the chief accounting officer owned 12,006 shares of the company's stock, valued at approximately $3,885,741.90. This trade represents a 18.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,950 shares of company stock worth $3,881,995 over the last 90 days. Corporate insiders own 5.20% of the company's stock.

Expedia Group Profile

Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its offerings include hotel and vacation-rental accommodations, flights, car rentals, cruises, activities, and travel packages. The company serves consumers through its online travel brands and also provides technology, distribution, and marketing solutions to travel suppliers and other business partners.

Expedia Group's consumer brands include Expedia, Hotels.com, Vrbo, Orbitz, Travelocity, Wotif, ebookers, CheapTickets, Abritel, and FeWo-direkt, among others.

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