abrdn plc Acquires 16,485 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

abrdn plc boosted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 38.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 59,905 shares of the online travel company’s stock after purchasing an additional 16,485 shares during the quarter. abrdn plc’s holdings in Expedia Group were worth $9,093,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXPE. International Assets Investment Management LLC increased its stake in Expedia Group by 115.8% in the 4th quarter. International Assets Investment Management LLC now owns 39,314 shares of the online travel company’s stock worth $5,967,000 after acquiring an additional 21,095 shares during the last quarter. Raymond James & Associates increased its stake in Expedia Group by 6.4% in the 4th quarter. Raymond James & Associates now owns 263,351 shares of the online travel company’s stock worth $39,974,000 after acquiring an additional 15,759 shares during the last quarter. AustralianSuper Pty Ltd increased its stake in Expedia Group by 14.0% in the 4th quarter. AustralianSuper Pty Ltd now owns 355,871 shares of the online travel company’s stock worth $54,018,000 after acquiring an additional 43,820 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Expedia Group by 7.9% in the 3rd quarter. AQR Capital Management LLC now owns 769,665 shares of the online travel company’s stock worth $79,329,000 after purchasing an additional 56,186 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Expedia Group by 20.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 80,577 shares of the online travel company’s stock worth $8,305,000 after purchasing an additional 13,797 shares during the period. Institutional investors own 90.76% of the company’s stock.

Insider Transactions at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $150.04, for a total value of $1,500,400.00. Following the sale, the director now owns 216,521 shares in the company, valued at $32,486,810.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $150.04, for a total transaction of $1,500,400.00. Following the transaction, the director now owns 216,521 shares in the company, valued at $32,486,810.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lance A. Soliday sold 5,119 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total value of $702,377.99. Following the transaction, the chief accounting officer now owns 10,880 shares in the company, valued at approximately $1,492,844.80. The disclosure for this sale can be found here. Company insiders own 8.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on EXPE. Wells Fargo & Company dropped their target price on Expedia Group from $159.00 to $155.00 and set an “equal weight” rating for the company in a report on Friday, February 9th. Benchmark boosted their price objective on Expedia Group from $160.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. The Goldman Sachs Group boosted their price objective on Expedia Group from $155.00 to $190.00 and gave the company a “buy” rating in a report on Friday, January 19th. Wedbush restated a “neutral” rating and set a $130.00 price objective on shares of Expedia Group in a report on Thursday, April 18th. Finally, StockNews.com upgraded Expedia Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Thirteen analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $149.12.

Expedia Group Stock Down 0.4 %

Shares of EXPE stock opened at $135.70 on Friday. The stock’s 50-day simple moving average is $134.32 and its 200-day simple moving average is $133.93. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market capitalization of $18.49 billion, a PE ratio of 25.22, a P/E/G ratio of 0.42 and a beta of 1.86. Expedia Group, Inc. has a fifty-two week low of $87.94 and a fifty-two week high of $160.05.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.10. Expedia Group had a return on equity of 35.79% and a net margin of 6.21%. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. Equities analysts expect that Expedia Group, Inc. will post 9.71 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.