Morgan Stanley decreased its holdings in shares of Expedia Group Inc (NASDAQ:EXPE) by 46.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 355,329 shares of the online travel company’s stock after selling 313,043 shares during the quarter. Morgan Stanley owned approximately 0.25% of Expedia Group worth $19,994,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. FMR LLC increased its stake in Expedia Group by 17.4% in the 4th quarter. FMR LLC now owns 677,329 shares of the online travel company’s stock valued at $73,247,000 after buying an additional 100,382 shares during the last quarter. Korea Investment CORP grew its holdings in shares of Expedia Group by 2.6% in the 4th quarter. Korea Investment CORP now owns 19,400 shares of the online travel company’s stock valued at $2,098,000 after acquiring an additional 500 shares in the last quarter. MUFG Securities EMEA plc increased its position in shares of Expedia Group by 640.5% in the fourth quarter. MUFG Securities EMEA plc now owns 110,139 shares of the online travel company’s stock valued at $11,910,000 after acquiring an additional 95,265 shares during the last quarter. Piedmont Investment Advisors Inc. raised its holdings in Expedia Group by 5.3% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 11,641 shares of the online travel company’s stock worth $1,259,000 after acquiring an additional 589 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Expedia Group by 23.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 114,913 shares of the online travel company’s stock valued at $12,427,000 after purchasing an additional 22,059 shares during the last quarter. 95.32% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on EXPE. Goldman Sachs Group cut Expedia Group from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $126.00 to $50.00 in a research note on Thursday, March 26th. Oppenheimer reiterated a “hold” rating on shares of Expedia Group in a research note on Thursday, May 21st. Mizuho lifted their price objective on shares of Expedia Group from $73.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, May 21st. Argus cut shares of Expedia Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 1st. Finally, Jefferies Financial Group cut Expedia Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $100.00 to $85.00 in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $101.69.
Shares of NASDAQ EXPE opened at $82.20 on Wednesday. The business has a fifty day moving average price of $80.25 and a two-hundred day moving average price of $87.71. The stock has a market capitalization of $11.65 billion, a PE ratio of 25.28 and a beta of 1.55. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.80 and a quick ratio of 0.80. Expedia Group Inc has a fifty-two week low of $40.76 and a fifty-two week high of $144.00.
Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Wednesday, May 20th. The online travel company reported ($1.83) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.58) by ($0.25). The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.13 billion. Expedia Group had a negative net margin of 5.43% and a positive return on equity of 10.14%. The firm’s revenue for the quarter was down 15.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.27) EPS. On average, equities analysts expect that Expedia Group Inc will post -7.15 EPS for the current year.
In other Expedia Group news, Director Dara Khosrowshahi sold 100,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $84.45, for a total value of $8,445,000.00. Following the sale, the director now owns 426,977 shares of the company’s stock, valued at approximately $36,058,207.65. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert J. Dzielak sold 2,575 shares of Expedia Group stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $88.72, for a total value of $228,454.00. Following the completion of the transaction, the insider now owns 32,663 shares in the company, valued at approximately $2,897,861.36. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.
Expedia Group Profile
Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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