Sumitomo Mitsui Trust Holdings Inc. cut its position in Expedia Group Inc (NASDAQ:EXPE) by 5.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 616,520 shares of the online travel company’s stock after selling 32,177 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.44% of Expedia Group worth $50,678,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Carroll Financial Associates Inc. raised its position in shares of Expedia Group by 76.2% during the first quarter. Carroll Financial Associates Inc. now owns 458 shares of the online travel company’s stock worth $25,000 after acquiring an additional 198 shares during the last quarter. Howe & Rusling Inc. raised its position in shares of Expedia Group by 133.3% during the second quarter. Howe & Rusling Inc. now owns 308 shares of the online travel company’s stock worth $25,000 after acquiring an additional 176 shares during the last quarter. NuWave Investment Management LLC bought a new position in shares of Expedia Group during the second quarter worth about $29,000. CNB Bank bought a new position in shares of Expedia Group during the second quarter worth about $30,000. Finally, North Star Investment Management Corp. bought a new position in shares of Expedia Group during the first quarter worth about $32,000. Hedge funds and other institutional investors own 93.78% of the company’s stock.
Several equities research analysts recently commented on EXPE shares. Benchmark decreased their target price on Expedia Group from $155.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. TheStreet cut Expedia Group from a “c” rating to a “d” rating in a research note on Wednesday, May 20th. Jefferies Financial Group cut Expedia Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $100.00 to $85.00 in a research note on Tuesday, May 19th. Morgan Stanley raised their target price on Expedia Group from $45.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 3rd. Finally, Barclays raised their target price on Expedia Group from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $98.88.
In related news, Director Dara Khosrowshahi sold 100,000 shares of Expedia Group stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $84.45, for a total transaction of $8,445,000.00. Following the sale, the director now directly owns 426,977 shares in the company, valued at $36,058,207.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 2,575 shares of Expedia Group stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $88.72, for a total value of $228,454.00. Following the sale, the insider now owns 32,663 shares in the company, valued at $2,897,861.36. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
EXPE stock opened at $81.01 on Friday. Expedia Group Inc has a twelve month low of $40.76 and a twelve month high of $139.88. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.80 and a current ratio of 0.80. The stock’s 50 day moving average is $83.65 and its 200-day moving average is $83.82.
Expedia Group (NASDAQ:EXPE) last posted its earnings results on Wednesday, May 20th. The online travel company reported ($1.83) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.58) by ($0.25). Expedia Group had a negative net margin of 17.09% and a negative return on equity of 6.36%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the prior year, the business earned ($0.27) EPS. The firm’s revenue for the quarter was down 15.3% compared to the same quarter last year. As a group, equities analysts predict that Expedia Group Inc will post -7.04 EPS for the current fiscal year.
Expedia Group Company Profile
Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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