Lecap Asset Management Ltd. Grows Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Lecap Asset Management Ltd. boosted its position in Expedia Group, Inc. (NASDAQ:EXPE) by 5.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,140 shares of the online travel company’s stock after purchasing an additional 302 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Expedia Group were worth $909,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Pacer Advisors Inc. increased its stake in 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 worth $334,403,000 after acquiring an additional 714,229 shares during the last quarter. Dimensional Fund Advisors LP grew its stake 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 purchasing an additional 135,973 shares in the last quarter. Clearbridge Investments LLC raised its stake in 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. 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 last quarter. Finally, Acadian Asset Management LLC lifted its holdings in Expedia Group by 414.4% during the 1st quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock worth $94,512,000 after buying an additional 552,831 shares during the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EXPE has been the subject of several recent analyst reports. Truist Financial started coverage on Expedia Group in a research note on Friday, September 6th. They set a “hold” rating and a $148.00 target price for the company. Jefferies Financial Group lifted their price target on shares of Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a research note on Tuesday. Citigroup upped their price objective on shares of Expedia Group from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Wells Fargo & Company raised their price target on Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $130.00 price objective on shares of Expedia Group in a research note on Monday, October 7th. Nineteen research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $152.15.

Insider Activity

In other news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the transaction, the director now owns 198,505 shares of the company’s stock, valued at approximately $29,811,480.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Robert J. Dzielak sold 12,602 shares of the business’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 owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the transaction, the director now directly owns 198,505 shares of the company’s stock, valued at $29,811,480.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,019 shares of company stock worth $5,390,191. 8.07% of the stock is owned by corporate insiders.

Expedia Group Price Performance

Shares of EXPE opened at $158.36 on Thursday. The business’s 50-day moving average is $143.19 and its 200-day moving average is $130.70. 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 $21.58 billion, a price-to-earnings ratio of 29.66, a P/E/G ratio of 0.60 and a beta of 1.79. Expedia Group, Inc. has a fifty-two week low of $92.48 and a fifty-two week high of $164.65.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.34. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates 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 prior year, the firm posted $2.34 EPS. Equities research analysts expect that Expedia Group, Inc. will post 8.98 EPS for the current fiscal 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.