50,448 Shares in Expedia Group, Inc. $EXPE Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 50,448 shares of the online travel company’s stock, valued at approximately $13,286,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXPE. First Trust Advisors LP lifted its position in Expedia Group by 104.1% during the 1st quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock worth $275,112,000 after buying an additional 607,698 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Expedia Group by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,190,874 shares of the online travel company’s stock valued at $274,948,000 after acquiring an additional 17,378 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Expedia Group by 13.3% in the first quarter. Pacer Advisors Inc. now owns 1,069,524 shares of the online travel company’s stock valued at $246,942,000 after acquiring an additional 125,749 shares during the last quarter. Wellington Management Group LLP raised its holdings in Expedia Group by 67.7% during the second quarter. Wellington Management Group LLP now owns 780,140 shares of the online travel company’s stock worth $199,622,000 after acquiring an additional 314,984 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Expedia Group during the second quarter worth about $166,203,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on EXPE. Stifel Nicolaus set a $204.00 price target on Expedia Group in a research note on Tuesday. Cantor Fitzgerald raised their target price on shares of Expedia Group from $255.00 to $310.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Morgan Stanley downgraded shares of Expedia Group from an “equal weight” rating to an “underweight” rating and set a $235.00 target price for the company. in a research note on Wednesday, September 16th. Citigroup reiterated a “neutral” rating on shares of Expedia Group in a report on Wednesday, August 12th. Finally, Truist Financial dropped their price target on Expedia Group from $309.00 to $288.00 and set a “hold” rating for the company in a report on Wednesday, September 30th. Eighteen analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $312.61.

Insider Transactions at Expedia Group

In other news, Director Craig Jacobson sold 3,133 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the completion of the sale, the director owned 29,832 shares of the company’s stock, valued at approximately $9,800,408.64. This represents a 9.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robert Dzielak sold 1,004 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $335.00, for a total transaction of $336,340.00. Following the sale, the insider owned 104,331 shares in the company, valued at $34,950,885. This represents a 0.95% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 11,950 shares of company stock valued at $3,881,995. Company insiders own 5.20% of the company’s stock.

Expedia Group Stock Down 4.4%

EXPE stock opened at $285.77 on Wednesday. The company has a market cap of $34.30 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 0.72 and a beta of 1.39. The business has a 50-day simple moving average of $284.66 and a 200 day simple moving average of $259.49. Expedia Group, Inc. has a 52 week low of $185.34 and a 52 week high of $342.00. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.21.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.22 by $0.54. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The firm had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.17 billion. During the same period in the prior year, the company posted $4.24 earnings per share. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. Sell-side analysts anticipate that Expedia Group, Inc. will post 17.37 EPS for the current fiscal year.

Expedia Group Company Profile

Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its offerings include hotel and vacation-rental accommodations, flights, car rentals, cruises, activities, and travel packages. The company serves consumers through its online travel brands and also provides technology, distribution, and marketing solutions to travel suppliers and other business partners.

Expedia Group’s consumer brands include Expedia, Hotels.com, Vrbo, Orbitz, Travelocity, Wotif, ebookers, CheapTickets, Abritel, and FeWo-direkt, among others.