E Fund Management Co. Ltd. Acquires Shares of 243 Expedia Group, Inc. (NASDAQ:EXPE)

E Fund Management Co. Ltd. acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 243 shares of the online travel company’s stock, valued at approximately $42,000.

Other institutional investors have also added to or reduced their stakes in the company. D1 Capital Partners L.P. raised its holdings in shares of Expedia Group by 30.6% in the fourth quarter. D1 Capital Partners L.P. now owns 12,107,561 shares of the online travel company’s stock valued at $1,603,041,000 after purchasing an additional 2,839,689 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Expedia Group by 6.0% in the first quarter. BlackRock Inc. now owns 9,444,270 shares of the online travel company’s stock valued at $1,625,549,000 after purchasing an additional 536,478 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Expedia Group by 2.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,591,892 shares of the online travel company’s stock valued at $210,767,000 after purchasing an additional 30,453 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Expedia Group by 3.2% in the fourth quarter. JPMorgan Chase & Co. now owns 1,302,662 shares of the online travel company’s stock valued at $172,473,000 after purchasing an additional 40,282 shares during the last quarter. Finally, Boston Partners raised its holdings in shares of Expedia Group by 1.4% in the fourth quarter. Boston Partners now owns 1,144,345 shares of the online travel company’s stock valued at $151,511,000 after purchasing an additional 15,565 shares during the last quarter. 92.97% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently commented on EXPE. Truist Securities increased their target price on shares of Expedia Group from $170.00 to $237.00 and gave the company a “buy” rating in a report on Monday, April 19th. Stifel Nicolaus raised their price objective on shares of Expedia Group from $117.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, February 12th. Citigroup raised their price objective on shares of Expedia Group from $160.00 to $179.00 in a report on Wednesday, May 12th. JMP Securities raised their price objective on shares of Expedia Group from $185.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, May 7th. Finally, Cowen raised their price objective on shares of Expedia Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, February 12th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $169.83.

In other Expedia Group news, Director Susan C. Athey sold 1,462 shares of Expedia Group stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $177.66, for a total transaction of $259,738.92. Following the completion of the sale, the director now directly owns 1,992 shares in the company, valued at $353,898.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Eric M. Hart sold 53,907 shares of Expedia Group stock in a transaction that occurred on Friday, May 14th. The shares were sold at an average price of $170.00, for a total transaction of $9,164,190.00. Following the sale, the chief financial officer now owns 30,055 shares of the company’s stock, valued at $5,109,350. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 120,631 shares of company stock valued at $20,648,503. 2.20% of the stock is currently owned by company insiders.

EXPE stock opened at $171.58 on Friday. The company has a 50 day moving average price of $172.86. The company has a debt-to-equity ratio of 3.15, a current ratio of 1.01 and a quick ratio of 1.01. Expedia Group, Inc. has a 12 month low of $75.75 and a 12 month high of $187.93. The company has a market capitalization of $25.22 billion, a price-to-earnings ratio of -12.29 and a beta of 1.76.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, May 6th. The online travel company reported ($2.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.86) by $0.84. Expedia Group had a negative net margin of 44.59% and a negative return on equity of 46.51%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the business posted ($1.83) earnings per share. Expedia Group’s revenue for the quarter was down 43.6% on a year-over-year basis. Analysts anticipate that Expedia Group, Inc. will post -2.54 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 Retail, B2B, and trivago segments. Its brand portfolio include Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, and CheapTickets travel websites; ebookers, an online EMEA travel agent for travelers an array of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental booking service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.

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

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