DekaBank Deutsche Girozentrale Cuts Stake in Expedia Group, Inc. (NASDAQ:EXPE)

DekaBank Deutsche Girozentrale lowered its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 7.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,784 shares of the online travel company’s stock after selling 5,006 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Expedia Group were worth $8,171,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Equity Investment Corp grew its stake in Expedia Group by 19.6% in the second quarter. Equity Investment Corp now owns 567,970 shares of the online travel company’s stock valued at $71,558,000 after purchasing an additional 93,184 shares during the last quarter. Altman Advisors Inc. grew its stake in Expedia Group by 1.3% in the second quarter. Altman Advisors Inc. now owns 13,290 shares of the online travel company’s stock valued at $1,674,000 after purchasing an additional 166 shares during the last quarter. Achmea Investment Management B.V. boosted its holdings in Expedia Group by 4.2% in the second quarter. Achmea Investment Management B.V. now owns 66,693 shares of the online travel company’s stock worth $8,403,000 after acquiring an additional 2,679 shares in the last quarter. AdvisorShares Investments LLC boosted its holdings in Expedia Group by 7.1% in the second quarter. AdvisorShares Investments LLC now owns 1,517 shares of the online travel company’s stock worth $186,000 after acquiring an additional 100 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in Expedia Group by 3.8% in the second quarter. Daiwa Securities Group Inc. now owns 16,048 shares of the online travel company’s stock worth $2,022,000 after acquiring an additional 594 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wells Fargo & Company lowered their price target on Expedia Group from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Barclays lowered their price target on Expedia Group from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Susquehanna raised their price target on Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Cantor Fitzgerald assumed coverage on Expedia Group in a report on Thursday, September 5th. They issued a “neutral” rating and a $130.00 price target for the company. Finally, BTIG Research lowered their price target on Expedia Group from $175.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, May 21st. Eighteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $148.00.

Expedia Group Stock Up 0.0 %

Expedia Group stock opened at $135.79 on Tuesday. The stock has a market capitalization of $18.51 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 0.51 and a beta of 1.79. Expedia Group, Inc. has a 12 month low of $92.48 and a 12 month high of $160.05. The business has a 50 day simple moving average of $131.02 and a 200-day simple moving average of $127.84. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.76 and a quick ratio of 0.76.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 EPS for the quarter, beating analysts’ consensus estimates of $3.17 by $0.34. The business had revenue of $3.56 billion during 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% compared to the same quarter last year. During the same period in the previous year, the business earned $2.34 earnings per share. On average, analysts anticipate that Expedia Group, Inc. will post 8.98 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Robert J. Dzielak sold 5,417 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now directly owns 84,543 shares in the company, valued at $11,379,487.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related 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 transaction of $1,657,163.00. Following the completion of the sale, the insider now directly owns 89,960 shares in the company, valued at $11,829,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 5,417 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 84,543 shares in the company, valued at approximately $11,379,487.80. The disclosure for this sale can be found here. 8.07% of the stock is owned by company insiders.

About Expedia Group

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.