Peak Financial Advisors LLC Acquires New Position in Expedia Group, Inc. (NASDAQ:EXPE)

Peak Financial Advisors LLC acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPEGet Rating) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,454 shares of the online travel company’s stock, valued at approximately $1,850,000. Expedia Group accounts for about 1.6% of Peak Financial Advisors LLC’s investment portfolio, making the stock its 22nd biggest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in EXPE. Allspring Global Investments Holdings LLC purchased a new stake in shares of Expedia Group in the fourth quarter valued at about $340,250,000. Third Point LLC purchased a new position in Expedia Group during the fourth quarter worth about $236,266,000. D1 Capital Partners L.P. boosted its stake in Expedia Group by 10.5% during the fourth quarter. D1 Capital Partners L.P. now owns 12,683,542 shares of the online travel company’s stock worth $2,292,170,000 after buying an additional 1,200,900 shares during the period. BlackRock Inc. boosted its stake in Expedia Group by 4.8% during the fourth quarter. BlackRock Inc. now owns 10,220,557 shares of the online travel company’s stock worth $1,847,057,000 after buying an additional 469,338 shares during the period. Finally, Artemis Investment Management LLP boosted its stake in Expedia Group by 304.4% during the fourth quarter. Artemis Investment Management LLP now owns 591,362 shares of the online travel company’s stock worth $106,787,000 after buying an additional 445,123 shares during the period. 96.08% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $172.94, for a total value of $1,729,400.00. Following the transaction, the director now directly owns 252,112 shares in the company, valued at approximately $43,600,249.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Lance A. Soliday sold 376 shares of Expedia Group stock in a transaction on Monday, May 16th. The shares were sold at an average price of $124.12, for a total transaction of $46,669.12. Following the completion of the transaction, the chief accounting officer now owns 8,949 shares in the company, valued at $1,110,749.88. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

Shares of Expedia Group stock opened at $96.40 on Tuesday. The firm has a market capitalization of $15.14 billion, a P/E ratio of 83.10, a P/E/G ratio of 1.41 and a beta of 1.61. Expedia Group, Inc. has a 52 week low of $90.37 and a 52 week high of $217.72. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.16. The firm’s 50 day moving average is $124.57 and its two-hundred day moving average is $164.63.

Expedia Group (NASDAQ:EXPEGet Rating) last announced its earnings results on Monday, May 2nd. The online travel company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.69) by ($0.24). The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Expedia Group had a return on equity of 11.93% and a net margin of 4.87%. During the same quarter last year, the business posted ($2.59) earnings per share. As a group, research analysts expect that Expedia Group, Inc. will post 4.57 earnings per share for the current fiscal year.

Several brokerages have weighed in on EXPE. Redburn Partners raised shares of Expedia Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 18th. JPMorgan Chase & Co. reduced their price target on shares of Expedia Group from $206.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 29th. Barclays increased their price target on shares of Expedia Group from $226.00 to $229.00 in a research report on Tuesday, May 3rd. Argus reduced their price target on shares of Expedia Group from $240.00 to $220.00 in a research report on Thursday, April 7th. Finally, Credit Suisse Group reduced their price target on shares of Expedia Group from $231.00 to $225.00 in a research report on Tuesday, May 3rd. Thirteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $194.85.

Expedia Group Company Profile (Get Rating)

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.

Further Reading

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

Receive News & Ratings for Expedia Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia Group and related companies with MarketBeat.com's FREE daily email newsletter.