Oak Ridge Investments LLC Invests $760,000 in Expedia Group, Inc. (NASDAQ:EXPE)

Oak Ridge Investments LLC bought a new position in Expedia Group, Inc. (NASDAQ:EXPE) during the first quarter, Holdings Channel.com reports. The firm bought 4,413 shares of the online travel company’s stock, valued at approximately $760,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NN Investment Partners Holdings N.V. boosted its stake in shares of Expedia Group by 18.4% in the 1st quarter. NN Investment Partners Holdings N.V. now owns 37,619 shares of the online travel company’s stock worth $6,475,000 after buying an additional 5,854 shares during the last quarter. MUFG Securities EMEA plc boosted its stake in shares of Expedia Group by 228.2% in the 1st quarter. MUFG Securities EMEA plc now owns 605,823 shares of the online travel company’s stock worth $104,274,000 after buying an additional 421,251 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Expedia Group by 18.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,361 shares of the online travel company’s stock worth $3,160,000 after purchasing an additional 2,868 shares during the period. Schwab Charitable Fund raised its holdings in Expedia Group by 26.2% during the 1st quarter. Schwab Charitable Fund now owns 59,296 shares of the online travel company’s stock valued at $10,206,000 after acquiring an additional 12,321 shares during the period. Finally, PCJ Investment Counsel Ltd. bought a new stake in Expedia Group during the 4th quarter valued at $794,000. Hedge funds and other institutional investors own 92.97% of the company’s stock.

In other news, Director Susan C. Athey sold 1,462 shares of the stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $177.66, for a total transaction of $259,738.92. Following the sale, the director now owns 1,992 shares in the company, valued at $353,898.72. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert J. Dzielak sold 65,000 shares of the stock in a transaction that occurred on Monday, May 24th. The shares were sold at an average price of $172.00, for a total transaction of $11,180,000.00. Following the sale, the insider now owns 107,315 shares in the company, valued at approximately $18,458,180. The disclosure for this sale can be found here. In the last quarter, insiders have sold 120,631 shares of company stock worth $20,648,503. Corporate insiders own 2.20% of the company’s stock.

EXPE stock opened at $171.58 on Friday. Expedia Group, Inc. has a 1 year low of $75.75 and a 1 year high of $187.93. The company has a market capitalization of $25.22 billion, a P/E ratio of -12.29 and a beta of 1.76. The business has a 50-day moving average of $172.86. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 3.15.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, May 6th. The online travel company reported ($2.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($2.86) by $0.84. Expedia Group had a negative net margin of 44.59% and a negative return on equity of 46.51%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm earned ($1.83) earnings per share. Expedia Group’s revenue was down 43.6% on a year-over-year basis. As a group, equities research analysts anticipate that Expedia Group, Inc. will post -2.54 earnings per share for the current year.

A number of equities research analysts have issued reports on the stock. Truist Securities boosted their target price on shares of Expedia Group from $170.00 to $237.00 and gave the company a “buy” rating in a report on Monday, April 19th. JMP Securities boosted their target price on shares of Expedia Group from $185.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, May 7th. Benchmark boosted their target price on shares of Expedia Group from $120.00 to $175.00 and gave the company a “buy” rating in a report on Friday, February 12th. Piper Sandler boosted their target price on shares of Expedia Group from $159.00 to $185.00 and gave the company a “neutral” rating in a report on Friday, May 7th. Finally, UBS Group boosted their price target on shares of Expedia Group from $150.00 to $165.00 and gave the company a “neutral” rating in a research report on Friday, May 7th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $169.83.

Expedia Group Company Profile

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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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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