Diversified Trust Co Increases Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

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Diversified Trust Co grew its stake in shares of Expedia Group, Inc. (NASDAQ:EXPEGet Rating) by 39.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,329 shares of the online travel company’s stock after buying an additional 654 shares during the period. Diversified Trust Co’s holdings in Expedia Group were worth $456,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. D1 Capital Partners L.P. grew its stake in shares of Expedia Group by 10.5% during the 4th quarter. D1 Capital Partners L.P. now owns 12,683,542 shares of the online travel company’s stock valued at $2,292,170,000 after buying an additional 1,200,900 shares during the period. BlackRock Inc. grew its stake in shares of Expedia Group by 4.8% during the 4th quarter. BlackRock Inc. now owns 10,220,557 shares of the online travel company’s stock valued at $1,847,057,000 after buying an additional 469,338 shares during the period. State Street Corp grew its stake in shares of Expedia Group by 4.7% during the 4th quarter. State Street Corp now owns 5,820,781 shares of the online travel company’s stock valued at $1,051,932,000 after buying an additional 262,865 shares during the period. Geode Capital Management LLC grew its stake in shares of Expedia Group by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 2,769,044 shares of the online travel company’s stock valued at $499,177,000 after buying an additional 145,493 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Expedia Group by 19.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,537,709 shares of the online travel company’s stock valued at $415,933,000 after buying an additional 413,883 shares during the period. 96.08% of the stock is owned by institutional investors.

Shares of NASDAQ:EXPE opened at $94.02 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.16. Expedia Group, Inc. has a fifty-two week low of $92.22 and a fifty-two week high of $217.72. The firm has a 50-day simple moving average of $136.90 and a 200 day simple moving average of $167.77. The company has a market cap of $14.77 billion, a PE ratio of 81.05, a P/E/G ratio of 1.37 and a beta of 1.53.

Expedia Group (NASDAQ:EXPEGet Rating) last announced its quarterly earnings data on Monday, May 2nd. The online travel company reported ($0.93) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.69) by ($0.24). Expedia Group had a net margin of 4.87% and a return on equity of 11.93%. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the prior year, the company earned ($2.59) EPS. As a group, research analysts forecast that Expedia Group, Inc. will post 4.8 EPS for the current fiscal year.

EXPE has been the topic of several recent research reports. Truist Financial reduced their target price on shares of Expedia Group from $260.00 to $240.00 and set a “buy” rating on the stock in a report on Friday, June 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Expedia Group from $218.00 to $235.00 in a report on Tuesday, May 3rd. Ascendiant Capital Markets set a $202.00 target price on shares of Expedia Group in a report on Monday. BTIG Research reduced their target price on shares of Expedia Group from $235.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, June 15th. Finally, The Goldman Sachs Group reduced their target price on shares of Expedia Group from $206.00 to $173.00 and set a “buy” rating on the stock in a report on Thursday, June 9th. Twelve analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Expedia Group presently has an average rating of “Moderate Buy” and an average price target of $200.44.

In other Expedia Group news, Director Dara Khosrowshahi sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of $198.29, for a total value of $3,965,800.00. Following the sale, the director now owns 262,112 shares in the company, valued at $51,974,188.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lance A. Soliday sold 376 shares of Expedia Group stock in a transaction on Monday, May 16th. The shares were sold at an average price of $124.12, for a total value of $46,669.12. Following the sale, the chief accounting officer now directly owns 8,949 shares in the company, valued at approximately $1,110,749.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,376 shares of company stock valued at $6,741,869. Insiders own 5.00% of the company’s stock.

About Expedia Group (Get Rating)

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio include Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, and CheapTickets travel websites; ebookers, an online EMEA travel agent for travelers an array of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental booking service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.

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