GAMMA Investing LLC Acquires 410 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

GAMMA Investing LLC lifted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 77.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 937 shares of the online travel company’s stock after purchasing an additional 410 shares during the period. GAMMA Investing LLC’s holdings in Expedia Group were worth $118,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in EXPE. ValueAct Holdings L.P. bought a new stake in shares of Expedia Group during the 4th quarter valued at about $645,346,000. Norges Bank acquired a new position in Expedia Group during the 4th quarter worth approximately $334,632,000. Acadian Asset Management LLC raised its stake in Expedia Group by 414.4% during the 1st quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock worth $94,512,000 after buying an additional 552,831 shares during the period. Norden Group LLC acquired a new position in Expedia Group during the 1st quarter worth approximately $40,976,000. Finally, Jupiter Asset Management Ltd. raised its stake in Expedia Group by 90.4% during the 1st quarter. Jupiter Asset Management Ltd. now owns 557,243 shares of the online travel company’s stock worth $76,760,000 after buying an additional 264,572 shares during the period. Institutional investors own 90.76% of the company’s stock.

Expedia Group Price Performance

Expedia Group stock opened at $117.53 on Wednesday. Expedia Group, Inc. has a one year low of $92.48 and a one year high of $160.05. The business has a fifty day moving average price of $124.74 and a 200-day moving average price of $129.94. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $16.02 billion, a P/E ratio of 22.01, a PEG ratio of 0.46 and a beta of 1.78.

Insider Transactions at Expedia Group

In other news, CAO Lance A. Soliday sold 544 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $113.38, for a total value of $61,678.72. Following the completion of the transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $1,268,382.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Lance A. Soliday sold 544 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $113.38, for a total value of $61,678.72. Following the completion of the transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $1,268,382.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Craig A. Jacobson sold 6,722 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total value 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. Corporate insiders own 8.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Evercore ISI dropped their price target on Expedia Group from $190.00 to $175.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. BTIG Research dropped their price target 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. Wells Fargo & Company upped their price target on Expedia Group from $137.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 9th. Royal Bank of Canada lowered their price objective on Expedia Group from $155.00 to $140.00 and set a “sector perform” rating for the company in a research note on Friday, May 3rd. Finally, Benchmark reissued a “buy” rating and issued a $180.00 price objective on shares of Expedia Group in a research note on Tuesday, July 2nd. Fifteen 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 company has a consensus rating of “Hold” and an average price target of $147.70.

Expedia Group Company 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.