Power Corp of Canada Takes Position in Expedia Group, Inc. (NASDAQ:EXPE)

Power Corp of Canada purchased a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,813 shares of the online travel company’s stock, valued at approximately $264,000.

Other hedge funds also recently bought and sold shares of the company. California Public Employees Retirement System boosted its stake in shares of Expedia Group by 20.6% in the third quarter. California Public Employees Retirement System now owns 336,910 shares of the online travel company’s stock worth $31,565,000 after acquiring an additional 57,600 shares during the period. Texas Permanent School Fund boosted its stake in Expedia Group by 1.3% during the second quarter. Texas Permanent School Fund now owns 19,736 shares of the online travel company’s stock valued at $1,872,000 after buying an additional 250 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in Expedia Group by 95.8% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 12,528 shares of the online travel company’s stock valued at $1,174,000 after buying an additional 6,128 shares during the last quarter. Oarsman Capital Inc. bought a new position in Expedia Group during the third quarter valued at approximately $228,000. Finally, Greenleaf Trust bought a new position in Expedia Group during the third quarter valued at approximately $205,000. Hedge funds and other institutional investors own 89.89% of the company’s stock.

Expedia Group Stock Performance

NASDAQ EXPE opened at $91.73 on Thursday. The stock has a 50-day simple moving average of $108.16 and a two-hundred day simple moving average of $100.34. The firm has a market capitalization of $14.07 billion, a P/E ratio of 42.86, a PEG ratio of 0.99 and a beta of 1.60. Expedia Group, Inc. has a fifty-two week low of $82.39 and a fifty-two week high of $203.98. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.82 and a current ratio of 0.82.

Expedia Group (NASDAQ:EXPE – Get Rating) last released its quarterly earnings data on Thursday, February 9th. The online travel company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.59). The company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Expedia Group had a net margin of 3.02% and a return on equity of 21.58%. The business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.58 EPS. On average, equities analysts forecast that Expedia Group, Inc. will post 7.11 earnings per share for the current year.

Insider Activity at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 605 shares of the business’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $116.71, for a total transaction of $70,609.55. Following the completion of the sale, the chief accounting officer now directly owns 9,270 shares in the company, valued at approximately $1,081,901.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CAO Lance A. Soliday sold 5,387 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $106.99, for a total transaction of $576,355.13. Following the transaction, the chief accounting officer now directly owns 9,270 shares in the company, valued at approximately $991,797.30. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Lance A. Soliday sold 605 shares of the company’s stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $116.71, for a total value of $70,609.55. Following the completion of the transaction, the chief accounting officer now owns 9,270 shares in the company, valued at $1,081,901.70. The disclosure for this sale can be found here. 7.52% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EXPE. Bank of America increased their price target on Expedia Group from $143.00 to $150.00 in a research note on Friday, February 10th. Benchmark reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Expedia Group in a research note on Friday, February 10th. Morgan Stanley raised their price objective on Expedia Group from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Monday, February 27th. Royal Bank of Canada raised their price objective on Expedia Group from $115.00 to $120.00 and gave the company a “sector perform” rating in a research note on Friday, February 10th. Finally, Piper Sandler raised their price objective on Expedia Group from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, February 10th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $140.45.

Expedia Group Company Profile

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Expedia Group, Inc is an online travel company, which engages in the provision of travel products and services to leisure and corporate travelers. It operates through the following segments: Retail, B2B, and Trivago. The Retail segment provides a full range of travel and advertising services to worldwide customers through a variety of consumer brands including: Expedia.com and Hotels.com.