River Road Asset Management LLC Decreases Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

River Road Asset Management LLC lowered its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 11.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,334 shares of the online travel company’s stock after selling 24,446 shares during the quarter. River Road Asset Management LLC owned 0.13% of Expedia Group worth $26,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. DoubleLine ETF Adviser LP bought a new stake in shares of Expedia Group in the second quarter worth approximately $465,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Expedia Group by 18.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 154,867 shares of the online travel company’s stock valued at $21,333,000 after acquiring an additional 23,939 shares during the last quarter. Swedbank AB lifted its holdings in Expedia Group by 5.0% in the second quarter. Swedbank AB now owns 169,076 shares of the online travel company’s stock valued at $21,302,000 after acquiring an additional 8,026 shares during the period. Forsta AP Fonden boosted its position in Expedia Group by 26.6% in the third quarter. Forsta AP Fonden now owns 42,300 shares of the online travel company’s stock worth $6,261,000 after purchasing an additional 8,900 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Expedia Group by 33.7% during the 1st quarter. Advisors Asset Management Inc. now owns 7,927 shares of the online travel company’s stock valued at $1,092,000 after purchasing an additional 1,996 shares during the period. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Trading Up 2.9 %

EXPE opened at $165.86 on Tuesday. The stock has a 50-day moving average of $147.19 and a 200 day moving average of $132.31. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.45. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $165.86. The firm has a market cap of $21.59 billion, a P/E ratio of 28.77, a P/E/G ratio of 0.62 and a beta of 1.78.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, August 8th. The online travel company reported $3.51 EPS for the quarter, topping analysts’ consensus estimates of $3.17 by $0.34. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same quarter in the previous year, the business earned $2.34 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, research analysts forecast that Expedia Group, Inc. will post 8.99 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EXPE. TD Cowen cut shares of Expedia Group from a “buy” rating to a “hold” rating and increased their price objective for the stock from $130.00 to $150.00 in a research note on Wednesday, September 25th. Barclays cut their price objective on shares of Expedia Group from $138.00 to $134.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Wells Fargo & Company upped their price target on Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Piper Sandler reaffirmed a “neutral” rating and set a $140.00 price objective (down from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $140.00 price objective on shares of Expedia Group in a research note on Friday, August 9th. Nineteen analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $152.54.

Insiders Place Their Bets

In other news, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $134.60, for a total value of $729,128.20. Following the completion of the sale, the insider now owns 84,543 shares in the company, valued at approximately $11,379,487.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Robert J. Dzielak sold 5,417 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $134.60, for a total value of $729,128.20. Following the sale, the insider now directly owns 84,543 shares of the company’s stock, valued at $11,379,487.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert J. Dzielak sold 12,602 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total value of $1,657,163.00. Following the transaction, the insider now owns 89,960 shares of the company’s stock, valued at $11,829,740. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,019 shares of company stock valued at $6,958,891 over the last three months. 6.80% of the stock is owned by company insiders.

Expedia Group Company Profile

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.