Boston Partners lessened its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 10.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,306,718 shares of the online travel company's stock after selling 261,112 shares during the period. Boston Partners owned 1.66% of Expedia Group worth $349,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of Expedia Group by 35.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 17,303 shares of the online travel company's stock worth $1,783,000 after purchasing an additional 4,505 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Expedia Group by 13.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 67,562 shares of the online travel company's stock worth $6,964,000 after acquiring an additional 7,951 shares in the last quarter. TD Asset Management Inc grew its stake in shares of Expedia Group by 17.3% during the third quarter. TD Asset Management Inc now owns 89,789 shares of the online travel company's stock worth $9,255,000 after acquiring an additional 13,245 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Expedia Group during the third quarter worth about $343,000. Finally, Fifth Third Bancorp increased its holdings in shares of Expedia Group by 18.0% during the third quarter. Fifth Third Bancorp now owns 5,472 shares of the online travel company's stock valued at $564,000 after acquiring an additional 834 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts recently commented on EXPE shares. Mizuho lowered their target price on shares of Expedia Group from $140.00 to $135.00 and set a "neutral" rating for the company in a research note on Friday, May 3rd. Benchmark reissued a "buy" rating and set a $180.00 price objective on shares of Expedia Group in a report on Friday, May 3rd. HSBC cut their target price on Expedia Group from $166.00 to $132.00 and set a "hold" rating on the stock in a research report on Tuesday, May 7th. TD Cowen lowered their price target on Expedia Group from $165.00 to $130.00 and set a "buy" rating for the company in a research report on Friday, May 3rd. Finally, Wedbush reduced their price objective on Expedia Group from $130.00 to $125.00 and set a "neutral" rating for the company in a research note on Friday, May 3rd. Sixteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Expedia Group presently has an average rating of "Hold" and an average target price of $149.12.
Check Out Our Latest Analysis on Expedia Group
Insider Activity
In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of Expedia Group stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total transaction of $702,377.99. Following the sale, the chief accounting officer now owns 10,880 shares of the company's stock, valued at approximately $1,492,844.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 8.07% of the company's stock.
Expedia Group Price Performance
EXPE traded up $0.31 during midday trading on Friday, hitting $112.84. 3,253,948 shares of the company traded hands, compared to its average volume of 3,021,023. The business has a 50 day simple moving average of $131.52 and a two-hundred day simple moving average of $135.79. Expedia Group, Inc. has a 52-week low of $88.81 and a 52-week high of $160.05. The company has a market capitalization of $15.38 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 0.42 and a beta of 1.83. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 2.93.
Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.08 by $0.10. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. On average, equities analysts forecast that Expedia Group, Inc. will post 9.35 earnings per share for the current fiscal year.
Expedia Group Profile
(
Free Report)
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.
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