Lancaster Investment Management Has $852,000 Position in Expedia Group, Inc. (NASDAQ:EXPE)

Lancaster Investment Management grew its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 53.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 5,199 shares of the online travel company’s stock after acquiring an additional 1,806 shares during the quarter. Expedia Group comprises about 2.0% of Lancaster Investment Management’s portfolio, making the stock its 3rd biggest holding. Lancaster Investment Management’s holdings in Expedia Group were worth $852,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in EXPE. Price T Rowe Associates Inc. MD lifted its position in shares of Expedia Group by 27.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,578,656 shares of the online travel company’s stock valued at $749,572,000 after acquiring an additional 980,928 shares during the period. BlackRock Inc. lifted its position in shares of Expedia Group by 8.2% during the 2nd quarter. BlackRock Inc. now owns 10,218,063 shares of the online travel company’s stock worth $1,672,800,000 after buying an additional 773,793 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Expedia Group during the 2nd quarter worth $97,568,000. Neuberger Berman Group LLC lifted its position in shares of Expedia Group by 42.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,875,525 shares of the online travel company’s stock worth $306,617,000 after buying an additional 556,010 shares during the last quarter. Finally, Par Capital Management Inc. lifted its position in shares of Expedia Group by 14.9% during the 2nd quarter. Par Capital Management Inc. now owns 3,841,114 shares of the online travel company’s stock worth $628,829,000 after buying an additional 496,697 shares during the last quarter. Hedge funds and other institutional investors own 92.30% of the company’s stock.

Several analysts recently weighed in on the company. Atlantic Securities downgraded Expedia Group from an “overweight” rating to a “neutral” rating and set a $180.00 price objective for the company. in a research report on Tuesday, November 2nd. They noted that the move was a valuation call. Morgan Stanley dropped their price objective on Expedia Group from $200.00 to $190.00 and set an “equal weight” rating for the company in a research report on Friday, August 6th. Royal Bank of Canada upped their price objective on Expedia Group from $165.00 to $180.00 and gave the stock a “sector perform” rating in a research report on Friday, November 5th. Bank of America dropped their target price on Expedia Group from $210.00 to $191.00 and set a “buy” rating for the company in a research report on Friday, August 6th. Finally, Susquehanna Bancshares increased their target price on Expedia Group from $170.00 to $190.00 and gave the company a “neutral” rating in a research report on Monday, November 8th. Nineteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $181.06.

In other news, Director Jonathan L. Dolgen sold 2,016 shares of the firm’s stock in a transaction that occurred on Tuesday, August 31st. The stock was sold at an average price of $99.08, for a total value of $199,745.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dara Khosrowshahi sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 14th. The shares were sold at an average price of $150.14, for a total value of $7,507,000.00. Following the completion of the transaction, the director now owns 3,253 shares in the company, valued at approximately $488,405.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 238,397 shares of company stock worth $39,553,807. Corporate insiders own 5.00% of the company’s stock.

Shares of NASDAQ:EXPE opened at $159.80 on Friday. The business’s 50 day simple moving average is $169.66 and its two-hundred day simple moving average is $163.12. The firm has a market cap of $24.21 billion, a P/E ratio of -23.43 and a beta of 1.59. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.93 and a current ratio of 0.93. Expedia Group, Inc. has a 52-week low of $118.30 and a 52-week high of $191.85.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, November 4th. The online travel company reported $3.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $2.31. The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.72 billion. Expedia Group had a negative return on equity of 14.40% and a negative net margin of 10.46%. The company’s quarterly revenue was up 96.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.49) earnings per share. On average, equities analysts forecast that Expedia Group, Inc. will post -0.69 earnings per share for the current fiscal year.

Expedia Group Company Profile

Expedia Group, Inc is an online travel company, which engages in the provision of travel products and services to leisure and corporate travelers. It operates through the following business segments: Retail, B2B and trivago. The Retail segment provides a full range of travel and advertising services to worldwide customers through a variety of consumer brands including: Expedia.com and Hotels.com.

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

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