Axa S.A. Raises Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Axa S.A. lifted its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 21.1% during the 2nd quarter, Holdings Channel reports. The fund owned 108,717 shares of the online travel company’s stock after buying an additional 18,919 shares during the quarter. Axa S.A.’s holdings in Expedia Group were worth $13,697,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Public Employees Retirement Association of Colorado raised its stake in Expedia Group by 80.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 16,338 shares of the online travel company’s stock worth $2,480,000 after purchasing an additional 7,270 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Expedia Group by 1.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 343,389 shares of the online travel company’s stock valued at $47,302,000 after buying an additional 6,432 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Expedia Group by 18.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 154,867 shares of the online travel company’s stock valued at $21,333,000 after acquiring an additional 23,939 shares during the last quarter. Swedbank AB grew its position in Expedia Group by 5.0% in the second quarter. Swedbank AB now owns 169,076 shares of the online travel company’s stock worth $21,302,000 after acquiring an additional 8,026 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in Expedia Group by 33.7% during the first quarter. Advisors Asset Management Inc. now owns 7,927 shares of the online travel company’s stock worth $1,092,000 after acquiring an additional 1,996 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Analyst Upgrades and Downgrades

EXPE has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $140.00 price target on shares of Expedia Group in a research note on Friday, August 9th. Susquehanna increased their target price on shares of Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Wedbush boosted their price target on shares of Expedia Group from $125.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Wells Fargo & Company dropped their target price on shares of Expedia Group from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $130.00 price target on shares of Expedia Group in a research note on Monday, September 23rd. Nineteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $149.73.

Insider Buying and Selling

In other news, insider Robert J. Dzielak sold 5,417 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the completion of the sale, the insider now directly owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Robert J. Dzielak sold 5,417 shares of Expedia Group stock in a transaction on Monday, August 19th. The shares were sold at an average price of $134.60, for a total value of $729,128.20. Following the transaction, the insider now directly owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 12,602 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the sale, the insider now owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by company insiders.

Expedia Group Trading Up 0.4 %

NASDAQ EXPE opened at $149.09 on Friday. The firm’s fifty day moving average price is $132.84 and its 200 day moving average price is $128.44. Expedia Group, Inc. has a 12 month low of $92.48 and a 12 month high of $160.05. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market capitalization of $20.32 billion, a price-to-earnings ratio of 27.92, a price-to-earnings-growth ratio of 0.56 and a beta of 1.79.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.17 by $0.34. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter in the prior year, the firm posted $2.34 earnings per share. Expedia Group’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, sell-side analysts expect that Expedia Group, Inc. will post 8.98 earnings per share for the current fiscal year.

Expedia Group Company Profile

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.