Park Avenue Securities LLC Has $424,000 Position in Expedia Group, Inc. (NASDAQ:EXPE)

Park Avenue Securities LLC raised its position in Expedia Group, Inc. (NASDAQ:EXPE) by 11.7% in the third quarter, HoldingsChannel.com reports. The fund owned 2,864 shares of the online travel company’s stock after purchasing an additional 300 shares during the quarter. Park Avenue Securities LLC’s holdings in Expedia Group were worth $424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the company. Czech National Bank lifted its stake in shares of Expedia Group by 5.0% during the 3rd quarter. Czech National Bank now owns 25,393 shares of the online travel company’s stock worth $3,759,000 after buying an additional 1,202 shares during the last quarter. Emprise Bank acquired a new stake in shares of Expedia Group during the 3rd quarter worth about $223,000. Ashburton Jersey Ltd acquired a new stake in shares of Expedia Group during the 2nd quarter worth about $1,059,000. Sanctuary Advisors LLC acquired a new stake in shares of Expedia Group during the 2nd quarter worth about $1,159,000. Finally, New Wave Wealth Advisors LLC acquired a new stake in shares of Expedia Group during the 2nd quarter worth about $201,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Price Performance

EXPE stock opened at $150.50 on Friday. The company has a 50 day simple moving average of $137.68 and a 200 day simple moving average of $129.44. The stock has a market cap of $20.51 billion, a price-to-earnings 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 released its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, topping 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 net margin of 6.09% and a return on equity of 47.55%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.34 EPS. Research analysts anticipate that Expedia Group, Inc. will post 8.98 EPS for the current fiscal year.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 89,960 shares in the company, valued at approximately $11,829,740. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 84,543 shares in the company, valued at approximately $11,379,487.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert J. Dzielak sold 12,602 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. 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 ninety days, insiders sold 38,019 shares of company stock worth $5,390,191. 8.07% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on EXPE. UBS Group cut their target price on shares of Expedia Group from $140.00 to $137.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Royal Bank of Canada restated a “sector perform” rating and set a $140.00 target price on shares of Expedia Group in a research note on Friday, August 9th. Benchmark reiterated a “buy” rating and issued a $180.00 price objective on shares of Expedia Group in a research note on Friday, August 9th. BTIG Research boosted 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. Finally, Citigroup boosted their price objective on shares of Expedia Group from $140.00 to $145.00 and gave the company a “neutral” rating in a report 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, the company presently has an average rating of “Hold” and an average target price of $150.85.

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.