Jupiter Asset Management Ltd. Reduces Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Jupiter Asset Management Ltd. lowered its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 15.8% in the second quarter, Holdings Channel.com reports. The fund owned 469,318 shares of the online travel company’s stock after selling 87,925 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Expedia Group were worth $59,129,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in EXPE. ValueAct Holdings L.P. purchased a new stake in shares of Expedia Group in the 4th quarter worth $645,346,000. Norges Bank purchased a new stake in shares of Expedia Group in the 4th quarter worth $334,632,000. Acadian Asset Management LLC lifted its holdings in shares of Expedia Group by 414.4% in the 1st quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock worth $94,512,000 after buying an additional 552,831 shares during the period. AustralianSuper Pty Ltd lifted its holdings in shares of Expedia Group by 88.8% in the 2nd quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock worth $94,903,000 after buying an additional 354,389 shares during the period. Finally, Norden Group LLC purchased a new stake in shares of Expedia Group in the 1st quarter worth $40,976,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. BMO Capital Markets restated a “market perform” rating and set a $145.00 price objective on shares of Expedia Group in a research note on Wednesday, May 15th. Benchmark restated a “buy” rating and set a $180.00 price objective on shares of Expedia Group in a research note on Friday, August 9th. Wedbush upped their price objective on Expedia Group from $125.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Citigroup upped their price objective on Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Finally, UBS Group decreased their price objective on Expedia Group from $140.00 to $137.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Eighteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $148.00.

Insider Buying and Selling

In related news, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $134.60, for a total transaction of $729,128.20. Following the sale, the insider now directly owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $134.60, for a total transaction of $729,128.20. Following the sale, the insider now directly owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 sale, the insider now directly owns 89,960 shares in the company, valued at $11,829,740. The disclosure for this sale can be found here. 8.07% of the stock is owned by corporate insiders.

Expedia Group Stock Down 1.0 %

Shares of EXPE stock opened at $129.83 on Thursday. The stock’s 50-day simple moving average is $130.41 and its 200-day simple moving average is $127.92. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market capitalization of $17.69 billion, a PE ratio of 24.31, a P/E/G ratio of 0.52 and a beta of 1.79. Expedia Group, Inc. has a fifty-two week low of $92.48 and a fifty-two week high of $160.05.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, beating analysts’ consensus estimates of $3.17 by $0.34. The business had revenue of $3.56 billion for 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% on a year-over-year basis. During the same period in the prior year, the company earned $2.34 earnings per share. Equities analysts expect that Expedia Group, Inc. will post 8.92 earnings per share 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.