Mirae Asset Global Investments Co. Ltd. Has $1.54 Million Position in Expedia Group, Inc. (NASDAQ:EXPE)

Mirae Asset Global Investments Co. Ltd. lessened its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 13.5% in the third quarter, Holdings Channel reports. The institutional investor owned 10,356 shares of the online travel company’s stock after selling 1,615 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Expedia Group were worth $1,544,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EXPE. Pacer Advisors Inc. raised its stake in shares of Expedia Group by 36.8% during the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock valued at $334,403,000 after acquiring an additional 714,229 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Expedia Group by 414.4% in the first quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock valued at $94,512,000 after purchasing an additional 552,831 shares during the period. Point72 Asset Management L.P. raised its position in Expedia Group by 1,649.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock worth $51,354,000 after purchasing an additional 384,305 shares during the last quarter. AustralianSuper Pty Ltd lifted its holdings in Expedia Group by 88.8% during the 2nd quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock worth $94,903,000 after buying an additional 354,389 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Expedia Group in the 2nd quarter valued at about $39,183,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Stock Down 3.0 %

EXPE stock opened at $156.31 on Friday. The firm has a market capitalization of $20.35 billion, a PE ratio of 27.91, a P/E/G ratio of 0.63 and a beta of 1.79. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45. Expedia Group, Inc. has a twelve month low of $92.48 and a twelve month high of $164.65. The stock’s 50 day moving average is $146.28 and its 200-day moving average is $131.82.

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

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 12,602 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total value of $1,657,163.00. Following the transaction, the insider now owns 89,960 shares in the company, valued at $11,829,740. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Robert J. Dzielak sold 12,602 shares of Expedia Group 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 directly owns 89,960 shares in the company, valued at $11,829,740. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 5,417 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $134.60, for a total transaction of $729,128.20. Following the completion of the transaction, the insider now directly owns 84,543 shares in the company, valued at $11,379,487.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,019 shares of company stock worth $5,390,191. Insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on EXPE shares. Susquehanna lifted their price objective on Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. DA Davidson restated a “neutral” rating and issued a $135.00 price target on shares of Expedia Group in a research report on Friday, August 9th. Wells Fargo & Company increased their price objective on shares of Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. UBS Group boosted their target price on shares of Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, Benchmark reissued a “buy” rating and issued a $180.00 price objective on shares of Expedia Group in a research report on Friday, August 9th. Nineteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $152.54.

Expedia Group 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.