Securian Asset Management Inc Buys 112 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Securian Asset Management Inc grew its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,014 shares of the online travel company’s stock after purchasing an additional 112 shares during the period. Securian Asset Management Inc’s holdings in Expedia Group were worth $1,967,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EXPE. Wealthcare Advisory Partners LLC bought a new stake in shares of Expedia Group during the 1st quarter valued at about $27,000. O Shaughnessy Asset Management LLC boosted its stake in shares of Expedia Group by 82.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 155 shares of the online travel company’s stock valued at $27,000 after purchasing an additional 70 shares in the last quarter. Tradition Wealth Management LLC bought a new stake in shares of Expedia Group during the 1st quarter valued at about $34,000. KB Financial Partners LLC purchased a new position in Expedia Group during the 1st quarter valued at about $38,000. Finally, E Fund Management Co. Ltd. purchased a new position in Expedia Group during the 1st quarter valued at about $42,000. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Susan C. Athey sold 300 shares of the company’s stock in a transaction on Thursday, July 15th. The shares were sold at an average price of $159.69, for a total transaction of $47,907.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dara Khosrowshahi sold 50,000 shares of the company’s stock in a transaction on Thursday, July 1st. The shares were sold at an average price of $166.63, for a total transaction of $8,331,500.00. Following the sale, the director now directly owns 382,112 shares in the company, valued at approximately $63,671,322.56. The disclosure for this sale can be found here. Insiders sold 61,084 shares of company stock worth $9,626,182 in the last three months. Insiders own 5.00% of the company’s stock.

EXPE has been the subject of several recent analyst reports. Truist decreased their target price on shares of Expedia Group from $240.00 to $238.00 and set a “buy” rating for the company in a report on Friday, August 6th. BTIG Research decreased their target price on shares of Expedia Group from $210.00 to $200.00 and set a “buy” rating for the company in a report on Friday, August 6th. Stifel Nicolaus decreased their target price on shares of Expedia Group from $165.00 to $160.00 and set a “hold” rating for the company in a report on Friday, August 6th. Bank of America decreased their target price on shares of Expedia Group from $210.00 to $191.00 and set a “buy” rating for the company in a report on Friday, August 6th. Finally, Truist Securities decreased their target price on shares of Expedia Group from $240.00 to $238.00 and set a “buy” rating for the company in a report on Friday, August 6th. Sixteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Expedia Group has an average rating of “Hold” and an average target price of $176.62.

EXPE stock opened at $150.60 on Wednesday. Expedia Group, Inc. has a one year low of $87.90 and a one year high of $187.93. The company’s fifty day moving average price is $152.18 and its 200-day moving average price is $164.61. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $22.71 billion, a PE ratio of -14.15 and a beta of 1.71.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, August 5th. The online travel company reported ($1.77) EPS for the quarter, missing the consensus estimate of ($1.15) by ($0.62). Expedia Group had a negative return on equity of 32.01% and a negative net margin of 22.92%. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.04 billion. On average, research analysts predict that Expedia Group, Inc. will post -2.42 EPS for the current fiscal year.

About Expedia Group

Expedia Group, Inc is an online travel company, which engages in the provision of travel products and services to leisure and corporate travelers. It operates through the following business segments: Retail, B2B and trivago. The Retail segment provides a full range of travel and advertising services to worldwide customers through a variety of consumer brands including: Expedia.com and Hotels.com.

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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