Panagora Asset Management Inc. Has $97.87 Million Holdings in Expedia Group, Inc. $EXPE

Panagora Asset Management Inc. lifted its stake in shares of Expedia Group, Inc. (NASDAQ:EXPEFree Report) by 150.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 345,449 shares of the online travel company’s stock after buying an additional 207,562 shares during the quarter. Panagora Asset Management Inc.’s holdings in Expedia Group were worth $97,869,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of EXPE. Brighton Jones LLC acquired a new stake in Expedia Group in the fourth quarter worth $408,000. NewEdge Advisors LLC raised its holdings in shares of Expedia Group by 5.0% during the first quarter. NewEdge Advisors LLC now owns 5,455 shares of the online travel company’s stock valued at $917,000 after purchasing an additional 259 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Expedia Group during the second quarter valued at about $596,000. Daiwa Securities Group Inc. boosted its position in shares of Expedia Group by 6.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 21,265 shares of the online travel company’s stock worth $3,587,000 after purchasing an additional 1,290 shares in the last quarter. Finally, AXA S.A. grew its stake in shares of Expedia Group by 5.9% in the 2nd quarter. AXA S.A. now owns 11,042 shares of the online travel company’s stock valued at $1,863,000 after buying an additional 615 shares during the period. Institutional investors own 90.76% of the company’s stock.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 4,702 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $233.00, for a total value of $1,095,566.00. Following the completion of the sale, the insider owned 105,448 shares in the company, valued at $24,569,384. This represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Lance A. Soliday sold 940 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the transaction, the chief accounting officer directly owned 14,083 shares in the company, valued at $3,124,454.38. The trade was a 6.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Jefferies Financial Group raised Expedia Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $240.00 to $300.00 in a research report on Monday, March 30th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $240.00 price target on shares of Expedia Group in a report on Monday, April 27th. Weiss Ratings cut Expedia Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Gordon Haskett lowered their target price on Expedia Group from $320.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Finally, UBS Group cut their target price on Expedia Group from $266.00 to $262.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Sixteen research analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company’s stock. According to MarketBeat.com, Expedia Group has an average rating of “Hold” and an average target price of $284.42.

Get Our Latest Analysis on EXPE

Expedia Group Price Performance

EXPE stock opened at $224.89 on Monday. The firm has a market capitalization of $27.56 billion, a PE ratio of 19.80, a P/E/G ratio of 0.59 and a beta of 1.25. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43. Expedia Group, Inc. has a twelve month low of $160.00 and a twelve month high of $303.80. The stock’s 50 day moving average is $233.97 and its 200-day moving average is $247.18.

Expedia Group (NASDAQ:EXPEGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.55. The business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.35 billion. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.Expedia Group’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.40 earnings per share. Sell-side analysts expect that Expedia Group, Inc. will post 17.07 EPS for the current fiscal year.

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th will be paid a $0.48 dividend. The ex-dividend date is Thursday, May 28th. This represents a $1.92 annualized dividend and a dividend yield of 0.9%. Expedia Group’s dividend payout ratio is presently 16.90%.

Expedia Group Profile

(Free Report)

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.

Further Reading

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

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