First Heartland Consultants Inc. Makes New Investment in Expedia Group, Inc. (NASDAQ:EXPE)

First Heartland Consultants Inc. bought a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the first quarter, HoldingsChannel.com reports. The firm bought 1,502 shares of the online travel company’s stock, valued at approximately $259,000.

A number of other institutional investors and hedge funds also recently modified their holdings of EXPE. Alyeska Investment Group L.P. acquired a new stake in shares of Expedia Group during the first quarter worth about $30,513,000. Psagot Investment House Ltd. raised its position in shares of Expedia Group by 7.3% during the first quarter. Psagot Investment House Ltd. now owns 21,287 shares of the online travel company’s stock worth $3,664,000 after purchasing an additional 1,457 shares during the period. Duquesne Family Office LLC raised its position in shares of Expedia Group by 63.9% during the first quarter. Duquesne Family Office LLC now owns 443,094 shares of the online travel company’s stock worth $76,265,000 after purchasing an additional 172,795 shares during the period. Perigon Wealth Management LLC raised its position in shares of Expedia Group by 1,457.2% during the first quarter. Perigon Wealth Management LLC now owns 2,694 shares of the online travel company’s stock worth $464,000 after purchasing an additional 2,521 shares during the period. Finally, Davidson Kempner Capital Management LP raised its position in shares of Expedia Group by 115.6% during the first quarter. Davidson Kempner Capital Management LP now owns 130,200 shares of the online travel company’s stock worth $22,384,000 after purchasing an additional 69,800 shares during the period. Hedge funds and other institutional investors own 92.73% of the company’s stock.

A number of equities research analysts have recently commented on EXPE shares. Piper Sandler raised their price target on Expedia Group from $159.00 to $185.00 and gave the stock a “neutral” rating in a research report on Friday, May 7th. lifted their target price on Expedia Group from $160.00 to $179.00 and gave the company a “neutral” rating in a research report on Wednesday, May 12th. Credit Suisse Group lifted their target price on Expedia Group from $168.00 to $198.00 and gave the company an “outperform” rating in a research report on Friday, May 7th. Gordon Haskett initiated coverage on Expedia Group in a research report on Tuesday, March 30th. They issued a “buy” rating and a $211.00 target price on the stock. Finally, Wolfe Research initiated coverage on Expedia Group in a research report on Wednesday, March 31st. They issued a “peer perform” rating and a $170.00 target price on the stock. Thirteen equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Expedia Group presently has an average rating of “Buy” and a consensus price target of $175.83.

Shares of NASDAQ EXPE opened at $162.42 on Thursday. 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 $76.75 and a 12 month high of $187.93. The business’s 50 day simple moving average is $167.76. The company has a market cap of $23.87 billion, a P/E ratio of -11.63 and a beta of 1.75.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, May 6th. The online travel company reported ($2.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.86) by $0.84. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.10 billion. Expedia Group had a negative return on equity of 46.51% and a negative net margin of 44.59%. The firm’s quarterly revenue was down 43.6% on a year-over-year basis. During the same period in the previous year, the company posted ($1.83) EPS. On average, equities analysts predict that Expedia Group, Inc. will post -2.33 EPS for the current fiscal year.

In related news, Director Susan C. Athey sold 300 shares of the business’s stock in a transaction on Tuesday, June 15th. The stock was sold at an average price of $169.20, for a total value of $50,760.00. Following the completion of the sale, the director now directly owns 4,153 shares in the company, valued at approximately $702,687.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Eric M. Hart sold 53,907 shares of the business’s stock in a transaction on Friday, May 14th. The shares were sold at an average price of $170.00, for a total value of $9,164,190.00. Following the completion of 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. Insiders sold a total of 169,769 shares of company stock valued at $28,818,931 over the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Expedia Group Company Profile

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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