Point72 Asia Singapore Pte. Ltd. Takes $391,000 Position in Expedia Group, Inc. (NASDAQ:EXPE)

Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,101 shares of the online travel company’s stock, valued at approximately $391,000.

Several other large investors also recently modified their holdings of the business. US Bancorp DE grew its stake in Expedia Group by 176.8% in the fourth quarter. US Bancorp DE now owns 19,677 shares of the online travel company’s stock worth $2,987,000 after purchasing an additional 12,567 shares in the last quarter. Commerce Bank grew its stake in Expedia Group by 4.3% in the fourth quarter. Commerce Bank now owns 2,304 shares of the online travel company’s stock worth $350,000 after purchasing an additional 96 shares in the last quarter. Advisory Services Network LLC acquired a new position in Expedia Group in the fourth quarter worth about $298,000. Intech Investment Management LLC acquired a new position in Expedia Group in the fourth quarter worth about $752,000. Finally, Hilltop Holdings Inc. acquired a new position in Expedia Group in the fourth quarter worth about $270,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Trading Down 1.6 %

Expedia Group stock opened at $145.49 on Thursday. 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 cap of $19.83 billion, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 0.56 and a beta of 1.79. Expedia Group, Inc. has a 1 year low of $92.48 and a 1 year high of $160.05. The firm’s 50 day moving average price is $132.34 and its two-hundred day moving average price is $128.18.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.34. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The firm had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same period in the previous year, the company posted $2.34 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, research analysts predict that Expedia Group, Inc. will post 8.98 EPS for the current fiscal year.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of Expedia Group stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the completion of the sale, the insider now owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of Expedia Group stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the completion of the sale, the insider now owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert J. Dzielak sold 5,417 shares of Expedia Group stock in a transaction on Monday, August 19th. The shares were sold at an average price of $134.60, for a total transaction of $729,128.20. Following the sale, the insider now directly owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. The disclosure for this sale can be found here. Company insiders own 8.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on EXPE. UBS Group decreased their price target on Expedia Group from $140.00 to $137.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Susquehanna lifted their price target on Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. TD Cowen downgraded Expedia Group from a “buy” rating to a “hold” rating and lifted their price target for the stock from $130.00 to $150.00 in a research note on Wednesday. Piper Sandler reissued a “neutral” rating and issued a $140.00 target price (down previously from $145.00) on shares of Expedia Group in a report on Friday, August 9th. Finally, Wells Fargo & Company cut their target price on shares of Expedia Group from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Nineteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $148.77.

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.