Altman Advisors Inc. Purchases 166 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Altman Advisors Inc. boosted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 1.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,290 shares of the online travel company’s stock after purchasing an additional 166 shares during the period. Altman Advisors Inc.’s holdings in Expedia Group were worth $1,674,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of EXPE. Achmea Investment Management B.V. increased its stake in shares of Expedia Group by 4.2% in the 2nd quarter. Achmea Investment Management B.V. now owns 66,693 shares of the online travel company’s stock valued at $8,403,000 after acquiring an additional 2,679 shares in the last quarter. AdvisorShares Investments LLC lifted its holdings in Expedia Group by 7.1% during the second quarter. AdvisorShares Investments LLC now owns 1,517 shares of the online travel company’s stock valued at $186,000 after purchasing an additional 100 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Expedia Group by 3.8% during the second quarter. Daiwa Securities Group Inc. now owns 16,048 shares of the online travel company’s stock worth $2,022,000 after acquiring an additional 594 shares in the last quarter. Andra AP fonden boosted its position in shares of Expedia Group by 94.5% in the second quarter. Andra AP fonden now owns 133,800 shares of the online travel company’s stock valued at $16,857,000 after acquiring an additional 65,000 shares during the period. Finally, X Square Capital LLC grew its position in Expedia Group by 7.7% during the second quarter. X Square Capital LLC now owns 15,780 shares of the online travel company’s stock worth $1,988,000 after buying an additional 1,134 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EXPE. BMO Capital Markets reissued a “market perform” rating and issued a $145.00 price target on shares of Expedia Group in a research note on Wednesday, May 15th. Susquehanna boosted their target price on Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Wells Fargo & Company cut their price objective on Expedia Group from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. UBS Group cut their target price on shares of Expedia Group from $140.00 to $137.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, BTIG Research reduced their price target on Expedia Group from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, May 21st. Eighteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Expedia Group has an average rating of “Hold” and an average price target of $148.00.

Expedia Group Price Performance

NASDAQ:EXPE opened at $129.83 on Thursday. The firm has a market cap of $17.69 billion, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 0.52 and a beta of 1.79. The stock has a 50 day moving average of $130.41 and a two-hundred day moving average of $127.92. Expedia Group, Inc. has a 12 month low of $92.48 and a 12 month high of $160.05. 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 (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.17 by $0.34. The business had revenue of $3.56 billion during the quarter, compared to analysts’ expectations 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 was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.34 EPS. On average, analysts expect that Expedia Group, Inc. will post 8.92 earnings per share for the current fiscal year.

Insider Activity at Expedia Group

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

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.