Cozad Asset Management Inc. Increases Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Cozad Asset Management Inc. lifted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 43.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,374 shares of the online travel company’s stock after purchasing an additional 7,932 shares during the period. Cozad Asset Management Inc.’s holdings in Expedia Group were worth $3,323,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of EXPE. International Assets Investment Management LLC increased its position in Expedia Group by 115.8% during the fourth quarter. International Assets Investment Management LLC now owns 39,314 shares of the online travel company’s stock worth $5,967,000 after buying an additional 21,095 shares in the last quarter. Truist Financial Corp increased its position in Expedia Group by 48.8% during the 4th quarter. Truist Financial Corp now owns 13,921 shares of the online travel company’s stock worth $2,113,000 after purchasing an additional 4,567 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new position in Expedia Group in the 4th quarter valued at about $393,000. Savant Capital LLC purchased a new position in Expedia Group in the 4th quarter valued at about $228,000. Finally, Great Valley Advisor Group Inc. acquired a new stake in shares of Expedia Group during the 4th quarter worth about $220,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Stock Down 1.7 %

Shares of NASDAQ EXPE opened at $136.74 on Wednesday. The stock has a fifty day moving average price of $129.44 and a 200 day moving average price of $128.01. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.45. Expedia Group, Inc. has a 12-month low of $92.48 and a 12-month high of $160.05. The company has a market cap of $18.64 billion, a P/E ratio of 25.61, a P/E/G ratio of 0.55 and a beta of 1.78.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.17 by $0.34. The business had revenue of $3.56 billion during the quarter, compared to analyst estimates 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 last year, the firm earned $2.34 earnings per share. Research analysts anticipate that Expedia Group, Inc. will post 8.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. DA Davidson reissued a “neutral” rating and issued a $135.00 price objective on shares of Expedia Group in a research report on Friday, August 9th. Citigroup boosted their price target on Expedia Group from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Susquehanna raised their price objective on Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Barclays lowered their price objective on Expedia Group from $138.00 to $134.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Finally, HSBC reduced their target price on Expedia Group from $166.00 to $132.00 and set a “hold” rating on the stock in a research report on Tuesday, May 7th. Sixteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Expedia Group currently has an average rating of “Hold” and an average target price of $148.75.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 5,417 shares of Expedia Group stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $134.60, for a total transaction of $729,128.20. Following the sale, the insider now owns 84,543 shares in the company, valued at $11,379,487.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the completion of the sale, the insider now owns 89,960 shares in the company, valued at approximately $11,829,740. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $134.60, for a total value of $729,128.20. Following the completion of the transaction, the insider now directly owns 84,543 shares in the company, valued at $11,379,487.80. The disclosure for this sale can be found here. 8.07% of the stock is owned by corporate insiders.

About Expedia Group

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.