Alpha Paradigm Partners LLC Invests $284,000 in Expedia Group, Inc. (NASDAQ:EXPE)

Alpha Paradigm Partners LLC bought a new position in Expedia Group, Inc. (NASDAQ:EXPE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,735 shares of the online travel company’s stock, valued at approximately $284,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPE. Price T Rowe Associates Inc. MD lifted its holdings in shares of Expedia Group by 1,400.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,597,728 shares of the online travel company’s stock valued at $619,241,000 after purchasing an additional 3,357,964 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Expedia Group by 437.2% during the first quarter. Allianz Asset Management GmbH now owns 1,299,506 shares of the online travel company’s stock valued at $223,671,000 after purchasing an additional 1,057,595 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Expedia Group by 262.0% during the first quarter. Royal Bank of Canada now owns 1,233,685 shares of the online travel company’s stock valued at $212,342,000 after purchasing an additional 892,911 shares in the last quarter. Fred Alger Management LLC bought a new position in shares of Expedia Group during the first quarter valued at $136,068,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Expedia Group during the first quarter valued at $134,184,000. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on EXPE shares. Stifel Nicolaus lowered their price target on Expedia Group from $165.00 to $160.00 and set a “hold” rating on the stock in a report on Friday, August 6th. Bank of America lowered their price target on Expedia Group from $210.00 to $191.00 and set a “buy” rating on the stock in a report on Friday, August 6th. Truist Securities lowered their target price on Expedia Group from $240.00 to $238.00 and set a “buy” rating on the stock in a report on Friday, August 6th. Morgan Stanley lowered their target price on Expedia Group from $200.00 to $190.00 and set an “equal weight” rating on the stock in a report on Friday, August 6th. Finally, Zacks Investment Research raised Expedia Group from a “strong sell” rating to a “hold” rating and set a $127.00 target price on the stock in a report on Monday, August 9th. Sixteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $176.62.

NASDAQ:EXPE opened at $168.51 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 3.28. Expedia Group, Inc. has a 12-month low of $87.90 and a 12-month high of $187.93. The stock has a 50-day moving average price of $153.83 and a 200 day moving average price of $163.75. The stock has a market capitalization of $25.41 billion, a P/E ratio of -15.84 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) earnings per share (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 business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.04 billion. On average, research analysts predict that Expedia Group, Inc. will post -2.42 earnings per share for the current fiscal year.

In other Expedia Group news, insider Robert J. Dzielak sold 58,993 shares of the firm’s stock in a transaction that occurred on Wednesday, September 22nd. The stock was sold at an average price of $155.85, for a total transaction of $9,194,059.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dara Khosrowshahi sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 14th. The shares were sold at an average price of $150.14, for a total value of $7,507,000.00. Following the transaction, the director now owns 3,253 shares of the company’s stock, valued at approximately $488,405.42. The disclosure for this sale can be found here. Insiders have sold 119,777 shares of company stock valued at $17,947,834 in the last quarter. 5.00% of the stock is currently owned by company insiders.

Expedia Group Profile

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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