Quadrant Capital Group LLC boosted its stake in Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) by 12.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,216 shares of the online travel company’s stock after acquiring an additional 137 shares during the quarter. Quadrant Capital Group LLC’s holdings in Expedia Group were worth $238,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. MCF Advisors LLC bought a new position in Expedia Group in the 1st quarter valued at about $28,000. FNY Investment Advisers LLC bought a new position in Expedia Group in the 1st quarter valued at about $29,000. Parkside Financial Bank & Trust boosted its position in shares of Expedia Group by 41.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the online travel company’s stock valued at $36,000 after purchasing an additional 58 shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in shares of Expedia Group during the 4th quarter valued at about $45,000. Finally, Hoey Investments Inc. bought a new position in shares of Expedia Group during the 4th quarter valued at about $54,000. Institutional investors own 96.08% of the company’s stock.
Wall Street Analysts Forecast Growth
EXPE has been the subject of several research reports. The Goldman Sachs Group reduced their price objective on shares of Expedia Group from $206.00 to $173.00 and set a “buy” rating for the company in a research report on Thursday, June 9th. Citigroup reduced their price objective on shares of Expedia Group from $200.00 to $118.00 and set a “neutral” rating for the company in a research report on Thursday, June 16th. Truist Financial reduced their price objective on shares of Expedia Group from $240.00 to $185.00 and set a “buy” rating for the company in a research report on Thursday, July 14th. UBS Group reduced their price objective on shares of Expedia Group from $183.00 to $108.00 and set a “neutral” rating for the company in a research report on Monday, August 1st. Finally, JMP Securities restated a “mkt perform” rating on shares of Expedia Group in a research report on Wednesday, June 22nd. Fifteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $180.63.
Expedia Group Price Performance
Expedia Group (NASDAQ:EXPE – Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The online travel company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.39. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $2.99 billion. Expedia Group had a net margin of 4.26% and a return on equity of 22.11%. The company’s revenue for the quarter was up 50.7% on a year-over-year basis. During the same quarter last year, the firm earned ($1.77) earnings per share. Equities research analysts predict that Expedia Group, Inc. will post 4.42 earnings per share for the current fiscal year.
Insider Activity at Expedia Group
In related news, CAO Lance A. Soliday sold 376 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $124.12, for a total transaction of $46,669.12. Following the transaction, the chief accounting officer now owns 8,949 shares of the company’s stock, valued at $1,110,749.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 5.00% of the company’s stock.
About Expedia Group
Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio include Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, and CheapTickets travel websites; ebookers, an online EMEA travel agent for travelers an array of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental booking service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.
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