Invenomic Capital Management LP Sells 119,152 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Invenomic Capital Management LP cut its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 63.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,099 shares of the online travel company’s stock after selling 119,152 shares during the quarter. Invenomic Capital Management LP owned approximately 0.05% of Expedia Group worth $12,875,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of EXPE. SRH Advisors LLC bought a new position in Expedia Group in the fourth quarter valued at approximately $28,000. Sava Infond d.o.o. bought a new stake in Expedia Group during the fourth quarter worth $28,000. Grove Bank & Trust grew its position in shares of Expedia Group by 676.2% in the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock valued at $30,000 after acquiring an additional 142 shares during the period. Prudent Man Investment Management Inc. acquired a new position in shares of Expedia Group during the 4th quarter worth about $34,000. Finally, Optiver Holding B.V. acquired a new stake in Expedia Group in the 4th quarter valued at about $38,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Trading Down 7.4 %

Shares of NASDAQ EXPE opened at $156.55 on Friday. The firm has a 50 day moving average price of $161.69 and a two-hundred day moving average price of $175.75. The stock has a market cap of $20.17 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $207.73. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.02). The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.21 earnings per share. As a group, equities analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Insider Activity at Expedia Group

In other news, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the completion of the sale, the insider now directly owns 74,502 shares in the company, valued at $15,325,061.40. This represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 6.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EXPE shares. Oppenheimer dropped their price objective on Expedia Group from $230.00 to $210.00 and set an “outperform” rating on the stock in a research note on Friday. DA Davidson lifted their price objective on shares of Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Wedbush reiterated a “neutral” rating and issued a $165.00 price objective (down from $180.00) on shares of Expedia Group in a report on Friday. Citigroup lifted their target price on shares of Expedia Group from $200.00 to $217.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Finally, Susquehanna raised their price objective on shares of Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Expedia Group currently has a consensus rating of “Moderate Buy” and an average price target of $189.04.

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.