6,134 Shares in Expedia Group, Inc. $EXPE Acquired by IPG Investment Advisors LLC

IPG Investment Advisors LLC acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the third quarter, Holdings Channel.com reports. The firm acquired 6,134 shares of the online travel company’s stock, valued at approximately $1,615,000.

Several other institutional investors have also modified their holdings of EXPE. Citizens Financial Group Inc. RI raised its stake in Expedia Group by 184.8% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 6,673 shares of the online travel company’s stock worth $1,757,000 after acquiring an additional 4,330 shares in the last quarter. Tidal Investments LLC lifted its stake in Expedia Group by 47.4% in the second quarter. Tidal Investments LLC now owns 32,146 shares of the online travel company’s stock valued at $8,226,000 after buying an additional 10,331 shares during the last quarter. Plato Investment Management Ltd purchased a new position in shares of Expedia Group during the second quarter worth approximately $2,562,000. Bank of New York Mellon Corp purchased a new stake in Expedia Group in the 2nd quarter valued at $166,203,000. Finally, Lombard Odier Asset Management Switzerland SA purchased a new stake in shares of Expedia Group in the first quarter valued at about $910,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Expedia Group news, CAO Lance Soliday sold 2,810 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total value of $909,456.50. Following the completion of the transaction, the chief accounting officer owned 12,006 shares in the company, valued at approximately $3,885,741.90. This represents a 18.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Craig Jacobson sold 3,133 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $328.52, for a total value of $1,029,253.16. Following the completion of the sale, the director directly owned 29,832 shares of the company’s stock, valued at approximately $9,800,408.64. This trade represents a 9.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 11,950 shares of company stock valued at $3,881,995 over the last quarter. Company insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Citigroup reaffirmed a “neutral” rating on shares of Expedia Group in a research note on Wednesday, August 12th. Wells Fargo & Company dropped their target price on Expedia Group from $307.00 to $275.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 7th. Wedbush boosted their target price on Expedia Group from $334.00 to $417.00 and gave the company an “outperform” rating in a report on Thursday, August 20th. Susquehanna upped their price target on Expedia Group from $250.00 to $315.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Finally, Morgan Stanley downgraded Expedia Group from an “equal weight” rating to an “underweight” rating and set a $235.00 price target for the company. in a report on Wednesday, September 16th. Eighteen analysts have rated the stock with a Buy rating, twenty have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Expedia Group has an average rating of “Hold” and an average price target of $312.61.

Expedia Group Stock Performance

NASDAQ EXPE opened at $285.77 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21. The business’s 50 day moving average is $284.66 and its two-hundred day moving average is $259.49. Expedia Group, Inc. has a 12-month low of $185.34 and a 12-month high of $342.00. The stock has a market capitalization of $34.30 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 0.72 and a beta of 1.39.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, beating the consensus estimate of $5.22 by $0.54. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.17 billion. During the same period last year, the firm earned $4.24 EPS. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. Research analysts expect that Expedia Group, Inc. will post 17.37 EPS for the current year.

Expedia Group Company Profile

Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its offerings include hotel and vacation-rental accommodations, flights, car rentals, cruises, activities, and travel packages. The company serves consumers through its online travel brands and also provides technology, distribution, and marketing solutions to travel suppliers and other business partners.

Expedia Group’s consumer brands include Expedia, Hotels.com, Vrbo, Orbitz, Travelocity, Wotif, ebookers, CheapTickets, Abritel, and FeWo-direkt, among others.