abrdn plc Acquires 16,485 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

abrdn plc lifted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 38.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,905 shares of the online travel company's stock after purchasing an additional 16,485 shares during the period. abrdn plc's holdings in Expedia Group were worth $9,093,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in EXPE. Connor Clark & Lunn Investment Management Ltd. raised its stake in Expedia Group by 242.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 262,519 shares of the online travel company's stock valued at $27,058,000 after acquiring an additional 185,880 shares during the period. Panagora Asset Management Inc. raised its stake in Expedia Group by 61.2% in the 3rd quarter. Panagora Asset Management Inc. now owns 485,649 shares of the online travel company's stock valued at $50,056,000 after acquiring an additional 184,392 shares during the period. Grantham Mayo Van Otterloo & Co. LLC raised its stake in Expedia Group by 119.8% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 302,596 shares of the online travel company's stock valued at $31,189,000 after acquiring an additional 164,919 shares during the period. Skandinaviska Enskilda Banken AB publ raised its stake in Expedia Group by 48.2% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 253,152 shares of the online travel company's stock valued at $26,092,000 after acquiring an additional 82,344 shares during the period. Finally, Sycale Advisors NY LLC raised its stake in Expedia Group by 200.0% in the 3rd quarter. Sycale Advisors NY LLC now owns 121,800 shares of the online travel company's stock valued at $12,554,000 after acquiring an additional 81,200 shares during the period. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Price Performance

EXPE traded down $0.55 during midday trading on Friday, hitting $135.70. The stock had a trading volume of 1,412,722 shares, compared to its average volume of 1,680,016. The company has a market cap of $18.49 billion, a P/E ratio of 25.22, a price-to-earnings-growth ratio of 0.42 and a beta of 1.86. The business has a fifty day moving average of $134.32 and a 200 day moving average of $134.15. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.78 and a current ratio of 0.78. Expedia Group, Inc. has a 1 year low of $87.94 and a 1 year high of $160.05.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.10. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.88 billion. Expedia Group had a return on equity of 35.79% and a net margin of 6.21%. As a group, equities analysts forecast that Expedia Group, Inc. will post 9.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $150.04, for a total value of $1,500,400.00. Following the completion of the sale, the director now owns 216,521 shares of the company's stock, valued at $32,486,810.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $150.04, for a total value of $1,500,400.00. Following the completion of the sale, the director now owns 216,521 shares in the company, valued at $32,486,810.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lance A. Soliday sold 5,119 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total value of $702,377.99. Following the completion of the sale, the chief accounting officer now owns 10,880 shares of the company's stock, valued at approximately $1,492,844.80. The disclosure for this sale can be found here. 8.07% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EXPE. The Goldman Sachs Group boosted their price objective on Expedia Group from $155.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, January 19th. Bank of America cut Expedia Group from a "buy" rating to a "neutral" rating and set a $156.00 price target on the stock. in a research report on Friday, February 9th. Wedbush reiterated a "neutral" rating and set a $130.00 price target on shares of Expedia Group in a research report on Thursday, April 18th. Royal Bank of Canada reiterated a "sector perform" rating and set a $155.00 price target on shares of Expedia Group in a research report on Friday, February 9th. Finally, Oppenheimer reiterated an "outperform" rating and set a $175.00 price target on shares of Expedia Group in a research report on Monday, February 5th. Thirteen investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Expedia Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $149.12.

About Expedia Group

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.