Oxbow Advisors LLC Makes New $4.28 Million Investment in Expedia Group, Inc. (NASDAQ:EXPE)

Oxbow Advisors LLC acquired a new position in Expedia Group, Inc. (NASDAQ:EXPE) during the second quarter, according to its most recent filing with the SEC. The firm acquired 33,937 shares of the online travel company’s stock, valued at approximately $4,276,000.

Several other hedge funds have also recently made changes to their positions in EXPE. ORG Partners LLC raised its stake in Expedia Group by 4,525.0% in the first quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock worth $25,000 after buying an additional 181 shares in the last quarter. University of Texas Texas AM Investment Managment Co. purchased a new position in shares of Expedia Group in the 4th quarter valued at approximately $26,000. Innealta Capital LLC bought a new stake in shares of Expedia Group during the second quarter valued at approximately $27,000. Blue Trust Inc. grew its stake in Expedia Group by 93.8% in the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after purchasing an additional 105 shares during the period. Finally, Crewe Advisors LLC bought a new position in Expedia Group in the first quarter worth $40,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EXPE has been the topic of a number of research reports. Susquehanna boosted their target price on shares of Expedia Group from $125.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Royal Bank of Canada reissued a “sector perform” rating and set a $140.00 price objective on shares of Expedia Group in a research note on Friday, August 9th. Citigroup raised their target price on shares of Expedia Group from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. UBS Group dropped their price target on Expedia Group from $140.00 to $137.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Finally, Truist Financial assumed coverage on Expedia Group in a research report on Friday. They set a “hold” rating and a $148.00 price objective for the company. Eighteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Expedia Group presently has an average rating of “Hold” and an average target price of $148.00.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the 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 transaction, the insider now directly owns 84,543 shares in the company, valued at $11,379,487.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was 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 owns 84,543 shares in the company, valued at $11,379,487.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert J. Dzielak sold 12,602 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $131.50, for a total value of $1,657,163.00. Following the completion of the transaction, the insider now directly owns 89,960 shares in the company, valued at approximately $11,829,740. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by insiders.

Expedia Group Stock Performance

Shares of EXPE stock traded down $2.93 on Friday, reaching $132.26. The stock had a trading volume of 1,234,041 shares, compared to its average volume of 2,352,541. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.76 and a current ratio of 0.76. Expedia Group, Inc. has a 1 year low of $92.48 and a 1 year high of $160.05. The stock has a market cap of $18.03 billion, a P/E ratio of 24.77, a price-to-earnings-growth ratio of 0.55 and a beta of 1.79. The company has a 50 day simple moving average of $129.93 and a 200 day simple moving average of $128.09.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.17 by $0.34. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The business had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same period last year, the firm posted $2.34 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities research analysts expect that Expedia Group, Inc. will post 8.91 EPS for the current year.

Expedia Group Company Profile

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.