Expedia Group, Inc. (NASDAQ:EXPE) Shares Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board grew its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 144.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,742 shares of the online travel company’s stock after acquiring an additional 15,215 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Expedia Group were worth $3,243,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. University of Texas Texas AM Investment Managment Co. acquired a new position in shares of Expedia Group during the fourth quarter valued at about $26,000. ORG Partners LLC increased its holdings in Expedia Group by 4,525.0% in the 1st quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock worth $25,000 after buying an additional 181 shares during the period. Innealta Capital LLC acquired a new position in Expedia Group in the 2nd quarter worth approximately $27,000. Blue Trust Inc. increased its holdings in Expedia Group by 93.8% in the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after buying an additional 105 shares during the period. Finally, Crewe Advisors LLC acquired a new position in Expedia Group in the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total value of $1,657,163.00. Following the completion of the sale, the insider now directly owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total value of $1,657,163.00. Following the completion of the sale, the insider now directly owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was 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 directly owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The disclosure for this sale can be found here. Corporate insiders own 8.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Susquehanna increased their price target on shares of Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. UBS Group cut their price target on shares of Expedia Group from $140.00 to $137.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Piper Sandler reiterated a “neutral” rating and issued a $140.00 price target (down previously from $145.00) on shares of Expedia Group in a report on Friday, August 9th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $130.00 price target on shares of Expedia Group in a report on Monday. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $140.00 price objective on shares of Expedia Group in a research report on Friday, August 9th. Nineteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $148.77.

Expedia Group Trading Down 1.6 %

Shares of EXPE stock opened at $145.49 on Thursday. The stock’s fifty day moving average is $132.34 and its two-hundred day moving average is $128.18. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market capitalization of $19.83 billion, a P/E ratio of 27.25, a PEG ratio of 0.56 and a beta of 1.79. Expedia Group, Inc. has a fifty-two week low of $92.48 and a fifty-two week high of $160.05.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, beating analysts’ consensus estimates of $3.17 by $0.34. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.53 billion. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.34 EPS. Research analysts expect that Expedia Group, Inc. will post 8.98 earnings per share for the current fiscal year.

Expedia Group 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.