Permit Capital LLC grew its position in Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) by 10.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,200 shares of the online travel company’s stock after purchasing an additional 6,700 shares during the quarter. Expedia Group makes up 2.2% of Permit Capital LLC’s investment portfolio, making the stock its 11th largest position. Permit Capital LLC’s holdings in Expedia Group were worth $6,412,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Point72 Middle East FZE purchased a new position in shares of Expedia Group in the 4th quarter valued at $4,249,000. Chartwell Investment Partners LLC grew its position in shares of Expedia Group by 0.5% in the 4th quarter. Chartwell Investment Partners LLC now owns 49,666 shares of the online travel company’s stock valued at $4,351,000 after buying an additional 227 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Expedia Group by 2.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 77,527 shares of the online travel company’s stock valued at $6,791,000 after buying an additional 1,627 shares during the last quarter. CI Private Wealth LLC purchased a new position in shares of Expedia Group in the 4th quarter valued at $2,473,000. Finally, Utah Retirement Systems grew its position in shares of Expedia Group by 0.4% in the 4th quarter. Utah Retirement Systems now owns 26,371 shares of the online travel company’s stock valued at $2,310,000 after buying an additional 100 shares during the last quarter. 89.89% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms recently commented on EXPE. Wells Fargo & Company dropped their target price on shares of Expedia Group from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Thursday, January 19th. DA Davidson increased their target price on shares of Expedia Group from $108.00 to $121.00 and gave the company a “neutral” rating in a research report on Friday, March 3rd. Piper Sandler raised their price objective on shares of Expedia Group from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, February 10th. Wolfe Research downgraded shares of Expedia Group from a “peer perform” rating to an “underperform” rating and set a $85.00 price objective on the stock. in a research report on Wednesday, December 7th. Finally, Credit Suisse Group lowered their price objective on shares of Expedia Group from $176.00 to $174.00 and set an “outperform” rating on the stock in a research report on Friday, February 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $140.45.
Insiders Place Their Bets
In other Expedia Group news, CAO Lance A. Soliday sold 5,387 shares of Expedia Group stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $106.99, for a total transaction of $576,355.13. Following the completion of the transaction, the chief accounting officer now owns 9,270 shares in the company, valued at $991,797.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Expedia Group news, CAO Lance A. Soliday sold 5,387 shares of Expedia Group stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $106.99, for a total transaction of $576,355.13. Following the completion of the transaction, the chief accounting officer now owns 9,270 shares in the company, valued at $991,797.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Lance A. Soliday sold 605 shares of Expedia Group stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $116.71, for a total transaction of $70,609.55. Following the transaction, the chief accounting officer now owns 9,270 shares of the company’s stock, valued at approximately $1,081,901.70. The disclosure for this sale can be found here. 7.52% of the stock is currently owned by company insiders.
Expedia Group Price Performance
Shares of NASDAQ EXPE traded down $2.11 during midday trading on Friday, hitting $90.54. The company had a trading volume of 2,671,414 shares, compared to its average volume of 2,594,563. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.67. Expedia Group, Inc. has a twelve month low of $82.39 and a twelve month high of $203.98. The business has a 50-day simple moving average of $107.62 and a two-hundred day simple moving average of $99.93. The firm has a market capitalization of $13.88 billion, a price-to-earnings ratio of 42.31, a price-to-earnings-growth ratio of 0.93 and a beta of 1.60.
Expedia Group (NASDAQ:EXPE – Get Rating) last announced its quarterly earnings data on Thursday, February 9th. The online travel company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.85 by ($0.59). Expedia Group had a net margin of 3.02% and a return on equity of 21.58%. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the business earned $0.58 EPS. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. Equities research analysts anticipate that Expedia Group, Inc. will post 7.11 earnings per share for the current year.
Expedia Group Company Profile
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.