Fmr LLC Has $93.71 Million Stake in Expedia Group Inc (NASDAQ:EXPE)

FMR LLC cut its position in shares of Expedia Group Inc (NASDAQ:EXPE) by 5.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 787,502 shares of the online travel company’s stock after selling 42,608 shares during the period. FMR LLC owned about 0.54% of Expedia Group worth $93,714,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPE. Nordea Investment Management AB boosted its stake in Expedia Group by 387.2% in the first quarter. Nordea Investment Management AB now owns 36,712 shares of the online travel company’s stock worth $4,369,000 after purchasing an additional 29,176 shares in the last quarter. Advisory Services Network LLC boosted its stake in Expedia Group by 35.4% in the first quarter. Advisory Services Network LLC now owns 4,362 shares of the online travel company’s stock worth $519,000 after purchasing an additional 1,140 shares in the last quarter. OTA Financial Group L.P. acquired a new position in Expedia Group in the first quarter worth $1,371,000. Allstate Corp acquired a new position in Expedia Group in the first quarter worth $268,000. Finally, Clearbridge Investments LLC boosted its stake in Expedia Group by 4.8% in the first quarter. Clearbridge Investments LLC now owns 733,003 shares of the online travel company’s stock worth $87,227,000 after purchasing an additional 33,288 shares in the last quarter. Institutional investors and hedge funds own 81.95% of the company’s stock.

A number of research firms have commented on EXPE. Argus lowered Expedia Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. Needham & Company LLC assumed coverage on Booking in a research note on Monday, May 20th. They set a “buy” rating and a $2,200.00 price target on the stock. Standpoint Research assumed coverage on Expedia Group in a research note on Tuesday. They set a “buy” rating and a $180.00 price target on the stock. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, Zacks Investment Research lowered Wix.Com from a “hold” rating to a “sell” rating in a research note on Monday, April 8th. Twelve analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $146.32.

NASDAQ:EXPE traded down $1.37 during mid-day trading on Friday, hitting $135.10. The company had a trading volume of 1,554,671 shares, compared to its average volume of 1,122,176. Expedia Group Inc has a fifty-two week low of $108.11 and a fifty-two week high of $139.77. The company has a fifty day moving average price of $128.91. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $20.09 billion, a price-to-earnings ratio of 28.09, a P/E/G ratio of 1.77 and a beta of 1.08.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, May 2nd. The online travel company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.61) by $0.34. Expedia Group had a return on equity of 13.41% and a net margin of 3.89%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the prior year, the firm posted ($0.36) earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, research analysts anticipate that Expedia Group Inc will post 5.75 earnings per share for the current year.

Expedia Group Company 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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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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