Jupiter Asset Management Ltd. Reduces Position in Expedia Group, Inc. (NASDAQ:EXPE)

Jupiter Asset Management Ltd. cut its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 15.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 469,318 shares of the online travel company’s stock after selling 87,925 shares during the period. Jupiter Asset Management Ltd. owned approximately 0.34% of Expedia Group worth $59,129,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of EXPE. AdvisorShares Investments LLC lifted its holdings in Expedia Group by 7.1% in the second quarter. AdvisorShares Investments LLC now owns 1,517 shares of the online travel company’s stock valued at $186,000 after acquiring an additional 100 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Expedia Group by 3.8% in the second quarter. Daiwa Securities Group Inc. now owns 16,048 shares of the online travel company’s stock valued at $2,022,000 after acquiring an additional 594 shares during the period. Andra AP fonden lifted its holdings in Expedia Group by 94.5% in the second quarter. Andra AP fonden now owns 133,800 shares of the online travel company’s stock valued at $16,857,000 after acquiring an additional 65,000 shares during the period. X Square Capital LLC lifted its holdings in Expedia Group by 7.7% in the second quarter. X Square Capital LLC now owns 15,780 shares of the online travel company’s stock valued at $1,988,000 after acquiring an additional 1,134 shares during the period. Finally, Ballentine Partners LLC bought a new position in Expedia Group in the second quarter valued at about $204,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Robert J. Dzielak sold 5,417 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.60, for a total transaction of $729,128.20. Following the transaction, the insider now owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Robert J. Dzielak sold 5,417 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.60, for a total transaction of $729,128.20. Following the transaction, the insider now owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert J. Dzielak sold 12,602 shares of the business’s stock in a transaction 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 approximately $11,829,740. The disclosure for this sale can be found here. Corporate insiders own 8.07% of the company’s stock.

Expedia Group Stock Performance

NASDAQ EXPE opened at $129.83 on Thursday. The stock has a market capitalization of $17.69 billion, a PE ratio of 24.31, a P/E/G ratio of 0.52 and a beta of 1.79. The business has a 50 day simple moving average of $130.41 and a two-hundred day simple moving average of $127.92. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.76 and a quick ratio of 0.76. Expedia Group, Inc. has a 1-year low of $92.48 and a 1-year high of $160.05.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, beating the consensus estimate of $3.17 by $0.34. The firm had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.53 billion. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.34 EPS. On average, research analysts predict that Expedia Group, Inc. will post 8.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EXPE. Citigroup increased their target price on Expedia Group from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Wells Fargo & Company lowered their target price on Expedia Group from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. BTIG Research decreased their price objective on Expedia Group from $175.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, May 21st. Wedbush raised their price objective on Expedia Group from $125.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Finally, UBS Group decreased their price objective on Expedia Group from $140.00 to $137.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Eighteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $148.00.

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.