Harvest Portfolios Group Inc. Decreases Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Harvest Portfolios Group Inc. reduced its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 7.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,089 shares of the online travel company’s stock after selling 1,983 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Expedia Group were worth $3,566,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPE. Pacer Advisors Inc. increased its stake in shares of Expedia Group by 36.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock worth $334,403,000 after purchasing an additional 714,229 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Expedia Group by 14.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,054,485 shares of the online travel company’s stock valued at $132,851,000 after buying an additional 135,973 shares during the last quarter. Clearbridge Investments LLC increased its position in Expedia Group by 3.1% during the first quarter. Clearbridge Investments LLC now owns 971,327 shares of the online travel company’s stock worth $133,800,000 after buying an additional 29,294 shares in the last quarter. AustralianSuper Pty Ltd raised its holdings in shares of Expedia Group by 8.5% in the third quarter. AustralianSuper Pty Ltd now owns 817,592 shares of the online travel company’s stock worth $121,020,000 after acquiring an additional 64,332 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Expedia Group by 414.4% in the first quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock valued at $94,512,000 after acquiring an additional 552,831 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insider Transactions at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $134.60, for a total value of $729,128.20. Following the completion of the sale, the insider now directly owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Robert J. Dzielak sold 12,602 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the completion of the transaction, the insider now owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $134.60, for a total value of $729,128.20. Following the completion of the sale, the insider now directly owns 84,543 shares in the company, valued at $11,379,487.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,019 shares of company stock valued at $6,958,891 in the last three months. Corporate insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on EXPE shares. DA Davidson reaffirmed a “neutral” rating and set a $135.00 price target on shares of Expedia Group in a research note on Friday, August 9th. Truist Financial began coverage on shares of Expedia Group in a research report on Friday, September 6th. They set a “hold” rating and a $148.00 price target for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $140.00 price objective on shares of Expedia Group in a research report on Friday, August 9th. BTIG Research upped their target price on Expedia Group from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $130.00 price target on shares of Expedia Group in a research report on Monday, October 7th. Nineteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $152.54.

Expedia Group Stock Performance

NASDAQ:EXPE opened at $173.29 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.45. The company has a 50-day moving average of $147.67 and a 200-day moving average of $132.56. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month high of $173.30. The firm has a market cap of $22.56 billion, a price-to-earnings ratio of 29.44, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.34. The business had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.53 billion. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company posted $2.34 EPS. Analysts forecast that Expedia Group, Inc. will post 8.99 earnings per share for the current fiscal year.

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.