Alpha Paradigm Partners LLC Takes $284,000 Position in Expedia Group, Inc. (NASDAQ:EXPE)

Alpha Paradigm Partners LLC purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the second quarter, according to its most recent filing with the SEC. The firm purchased 1,735 shares of the online travel company’s stock, valued at approximately $284,000.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Expedia Group by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 14,750,231 shares of the online travel company’s stock worth $2,414,761,000 after buying an additional 284,995 shares during the last quarter. BlackRock Inc. grew its stake in Expedia Group by 8.2% during the 2nd quarter. BlackRock Inc. now owns 10,218,063 shares of the online travel company’s stock worth $1,672,800,000 after buying an additional 773,793 shares during the last quarter. Artisan Partners Limited Partnership grew its stake in Expedia Group by 3.1% during the 2nd quarter. Artisan Partners Limited Partnership now owns 5,962,661 shares of the online travel company’s stock worth $976,147,000 after buying an additional 179,099 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Expedia Group by 1,400.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,597,728 shares of the online travel company’s stock worth $619,241,000 after buying an additional 3,357,964 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Expedia Group by 4.4% during the 2nd quarter. Geode Capital Management LLC now owns 2,508,021 shares of the online travel company’s stock worth $409,458,000 after buying an additional 106,237 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Several brokerages recently weighed in on EXPE. BTIG Research dropped their target price on Expedia Group from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, August 6th. The Goldman Sachs Group began coverage on Expedia Group in a research note on Monday, September 13th. They set a “buy” rating and a $185.00 price target on the stock. Truist Securities dropped their price target on Expedia Group from $240.00 to $238.00 and set a “buy” rating on the stock in a research note on Friday, August 6th. Bank of America dropped their price target on Expedia Group from $210.00 to $191.00 and set a “buy” rating on the stock in a research note on Friday, August 6th. Finally, Piper Sandler dropped their price target on Expedia Group from $185.00 to $168.00 and set a “neutral” rating on the stock in a research note on Friday, August 6th. Sixteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Expedia Group presently has a consensus rating of “Hold” and an average price target of $176.62.

In other news, Director Jonathan L. Dolgen sold 4,768 shares of the company’s stock in a transaction that occurred on Saturday, August 28th. The stock was sold at an average price of $98.32, for a total value of $468,789.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 58,993 shares of the company’s stock in a transaction that occurred on Wednesday, September 22nd. The shares were sold at an average price of $155.85, for a total value of $9,194,059.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 119,777 shares of company stock valued at $17,947,834. 5.00% of the stock is owned by company insiders.

NASDAQ EXPE opened at $168.51 on Thursday. The stock has a market capitalization of $25.41 billion, a price-to-earnings ratio of -15.84 and a beta of 1.71. Expedia Group, Inc. has a twelve month low of $87.90 and a twelve month high of $187.93. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 3.28. The stock has a 50-day moving average of $153.83 and a 200 day moving average of $163.75.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, August 5th. The online travel company reported ($1.77) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.15) by ($0.62). Expedia Group had a negative return on equity of 32.01% and a negative net margin of 22.92%. The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Equities analysts predict that Expedia Group, Inc. will post -2.42 EPS for the current fiscal year.

About Expedia Group

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 business 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.

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

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