Harvest Fund Management Co. Ltd Grows Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Harvest Fund Management Co. Ltd raised its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 2,254.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,177 shares of the online travel company’s stock after purchasing an additional 1,127 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Expedia Group were worth $177,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. International Assets Investment Management LLC raised its stake in Expedia Group by 115.8% in the fourth quarter. International Assets Investment Management LLC now owns 39,314 shares of the online travel company’s stock valued at $5,967,000 after buying an additional 21,095 shares during the last quarter. Raymond James & Associates raised its position in shares of Expedia Group by 6.4% in the 4th quarter. Raymond James & Associates now owns 263,351 shares of the online travel company’s stock valued at $39,974,000 after purchasing an additional 15,759 shares during the last quarter. AustralianSuper Pty Ltd boosted 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 purchasing an additional 43,820 shares in the last quarter. AQR Capital Management LLC grew its position in Expedia Group by 7.9% during 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 last quarter. Finally, Public Employees Retirement System of Ohio grew its position in Expedia Group by 20.7% during 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 last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Down 1.0 %

EXPE stock opened at $134.47 on Thursday. Expedia Group, Inc. has a 52 week low of $87.94 and a 52 week high of $160.05. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.24. The firm has a 50-day simple moving average of $134.36 and a 200-day simple moving average of $133.66. The stock has a market capitalization of $18.33 billion, a P/E ratio of 25.24, a P/E/G ratio of 0.41 and a beta of 1.86.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.08 by $0.10. Expedia Group had a return on equity of 35.79% and a net margin of 6.21%. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.88 billion. Equities analysts forecast that Expedia Group, Inc. will post 9.72 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Analyst Ratings Changes

EXPE has been the subject of several research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $155.00 price objective on shares of Expedia Group in a research note on Friday, February 9th. StockNews.com raised Expedia Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. BTIG Research raised their price objective on Expedia Group from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, December 27th. Wells Fargo & Company dropped their target price on Expedia Group from $159.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Friday, February 9th. Finally, Mizuho raised their price target on shares of Expedia Group from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $149.12.

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.