Duality Advisers LP Takes $1.52 Million Position in Expedia Group Inc (NASDAQ:EXPE)

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Duality Advisers LP acquired a new position in shares of Expedia Group Inc (NASDAQ:EXPE) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 18,538 shares of the online travel company’s stock, valued at approximately $1,524,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Manning & Napier Group LLC purchased a new position in Expedia Group during the first quarter worth approximately $87,503,000. Norges Bank purchased a new position in shares of Expedia Group in the 4th quarter worth $154,873,000. First Trust Advisors LP boosted its holdings in Expedia Group by 42.2% in the first quarter. First Trust Advisors LP now owns 2,473,063 shares of the online travel company’s stock valued at $139,159,000 after acquiring an additional 734,319 shares during the last quarter. Ardevora Asset Management LLP acquired a new position in Expedia Group in the second quarter valued at $43,248,000. Finally, Alta Capital Management LLC grew its position in Expedia Group by 125.3% during the first quarter. Alta Capital Management LLC now owns 535,430 shares of the online travel company’s stock valued at $30,128,000 after acquiring an additional 297,806 shares during the period. 93.78% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Dara Khosrowshahi sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $84.45, for a total transaction of $8,445,000.00. Following the transaction, the director now owns 426,977 shares of the company’s stock, valued at $36,058,207.65. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert J. Dzielak sold 2,575 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $88.72, for a total transaction of $228,454.00. Following the transaction, the insider now directly owns 32,663 shares in the company, valued at approximately $2,897,861.36. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

Several equities analysts have recently weighed in on EXPE shares. Oppenheimer reaffirmed a “hold” rating on shares of Expedia Group in a research note on Friday. Morgan Stanley boosted their price objective on shares of Expedia Group from $45.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 3rd. Mizuho increased their price objective on shares of Expedia Group from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Citigroup reduced their target price on shares of Expedia Group from $130.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Finally, Barclays increased their price target on Expedia Group from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have given a buy rating to the stock. Expedia Group has a consensus rating of “Hold” and a consensus target price of $98.88.

Expedia Group stock opened at $81.01 on Friday. Expedia Group Inc has a 52 week low of $40.76 and a 52 week high of $139.88. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.77. The stock has a market cap of $11.42 billion, a price-to-earnings ratio of -7.14 and a beta of 1.57. The company’s 50-day moving average price is $83.65 and its two-hundred day moving average price is $83.82.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Wednesday, May 20th. The online travel company reported ($1.83) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.58) by ($0.25). Expedia Group had a negative net margin of 17.09% and a negative return on equity of 6.36%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the company posted ($0.27) EPS. Expedia Group’s quarterly revenue was down 15.3% on a year-over-year basis. Research analysts expect that Expedia Group Inc will post -7.04 earnings per share for the current fiscal year.

About Expedia Group

Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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