Expedia Group, Inc. (NASDAQ:EXPE) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 54.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,451 shares of the online travel company’s stock after acquiring an additional 514 shares during the quarter. GAMMA Investing LLC’s holdings in Expedia Group were worth $215,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. boosted its position in shares of Expedia Group by 36.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock worth $334,403,000 after purchasing an additional 714,229 shares during the period. Fisher Asset Management LLC lifted its stake in Expedia Group by 4.3% during the fourth quarter. Fisher Asset Management LLC now owns 1,439,448 shares of the online travel company’s stock worth $218,494,000 after purchasing an additional 59,352 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Expedia Group by 14.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,054,485 shares of the online travel company’s stock worth $132,851,000 after buying an additional 135,973 shares during the period. Clearbridge Investments LLC grew its stake in shares of Expedia Group by 3.1% in the first quarter. Clearbridge Investments LLC now owns 971,327 shares of the online travel company’s stock valued at $133,800,000 after buying an additional 29,294 shares in the last quarter. Finally, AustralianSuper Pty Ltd raised its holdings in shares of Expedia Group by 88.8% in the 2nd quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock valued at $94,903,000 after buying an additional 354,389 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Robert J. Dzielak sold 12,602 shares of Expedia Group stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total value of $1,657,163.00. Following the transaction, the insider now directly owns 89,960 shares of the company’s stock, valued at $11,829,740. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the transaction, the insider now directly owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were 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 of the company’s stock, valued at $11,379,487.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,019 shares of company stock valued at $5,390,191. 8.07% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Cantor Fitzgerald restated a “neutral” rating and set a $130.00 target price on shares of Expedia Group in a report on Monday, October 7th. BTIG Research lifted their price objective on shares of Expedia Group from $150.00 to $175.00 and gave the company a “buy” rating in a report on Friday, September 27th. Wedbush increased their target price on shares of Expedia Group from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Piper Sandler restated a “neutral” rating and issued a $140.00 price target (down previously from $145.00) on shares of Expedia Group in a research note on Friday, August 9th. Finally, UBS Group reduced their price objective on Expedia Group from $140.00 to $137.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Nineteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Expedia Group currently has an average rating of “Hold” and a consensus price target of $150.85.

Expedia Group Stock Performance

NASDAQ EXPE opened at $150.50 on Friday. The company has a fifty day moving average of $136.98 and a two-hundred day moving average of $129.40. The company has a market capitalization of $20.51 billion, a PE ratio of 28.18, a P/E/G ratio of 0.60 and a beta of 1.79. Expedia Group, Inc. has a 1 year low of $92.48 and a 1 year 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.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.17 by $0.34. The firm 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% on a year-over-year basis. During the same period in the prior year, the firm earned $2.34 EPS. As a group, analysts expect that Expedia Group, Inc. will post 8.98 earnings per share for the current year.

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.