Transcend Capital Advisors LLC Purchases Shares of 2,553 Expedia Group, Inc. (NASDAQ:EXPE)

Transcend Capital Advisors LLC purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,553 shares of the online travel company’s stock, valued at approximately $322,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. University of Texas Texas AM Investment Managment Co. acquired a new stake in shares of Expedia Group in the 4th quarter valued at about $26,000. ORG Partners LLC increased its position in shares of Expedia Group by 4,525.0% in the first quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock valued at $25,000 after acquiring an additional 181 shares during the last quarter. Crewe Advisors LLC acquired a new stake in shares of Expedia Group in the first quarter valued at about $40,000. MV Capital Management Inc. grew its holdings in Expedia Group by 335.6% during the fourth quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock worth $48,000 after purchasing an additional 245 shares during the period. Finally, Mather Group LLC. bought a new position in Expedia Group during the first quarter worth about $52,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Price Performance

Shares of NASDAQ:EXPE traded down $5.99 during trading on Friday, hitting $115.49. 3,051,294 shares of the company were exchanged, compared to its average volume of 1,776,667. The business’s 50 day moving average is $124.56 and its 200-day moving average is $130.53. The company has a market capitalization of $15.74 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 0.46 and a beta of 1.78. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 2.93. Expedia Group, Inc. has a 1-year low of $92.48 and a 1-year high of $160.05.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, May 2nd. The online travel company reported ($0.39) earnings per share for the quarter, topping the consensus estimate of ($0.96) by $0.57. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Equities analysts forecast that Expedia Group, Inc. will post 9.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

EXPE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on Expedia Group from $136.00 to $128.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Evercore ISI reduced their price target on Expedia Group from $190.00 to $175.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Piper Sandler cut Expedia Group from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $175.00 to $145.00 in a report on Friday, May 3rd. Mizuho reduced their price objective on Expedia Group from $140.00 to $135.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Finally, BTIG Research reduced their price objective on Expedia Group from $175.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, May 21st. Fifteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $148.79.

Insider Buying and Selling

In other news, CAO Lance A. Soliday sold 544 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $113.38, for a total transaction of $61,678.72. Following the transaction, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at approximately $1,268,382.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Lance A. Soliday sold 544 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $113.38, for a total transaction of $61,678.72. Following the transaction, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at approximately $1,268,382.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Craig A. Jacobson sold 6,722 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total transaction of $757,636.62. Following the completion of the sale, the director now owns 32,620 shares in the company, valued at approximately $3,676,600.20. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by insiders.

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.