Syon Capital LLC Invests $337,000 in Expedia Group, Inc. (NASDAQ:EXPE)

Syon Capital LLC acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,217 shares of the online travel company’s stock, valued at approximately $337,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. City State Bank boosted its holdings in shares of Expedia Group by 157.3% in the fourth quarter. City State Bank now owns 193 shares of the online travel company’s stock worth $29,000 after acquiring an additional 118 shares during the period. CVA Family Office LLC bought a new position in Expedia Group in the 4th quarter worth about $32,000. Parkside Financial Bank & Trust grew its holdings in Expedia Group by 173.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock valued at $35,000 after buying an additional 218 shares in the last quarter. UMB Bank n.a. increased its position in shares of Expedia Group by 79.7% during the third quarter. UMB Bank n.a. now owns 354 shares of the online travel company’s stock valued at $36,000 after buying an additional 157 shares during the period. Finally, MV Capital Management Inc. lifted its holdings in shares of Expedia Group by 335.6% in the fourth quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock worth $48,000 after buying an additional 245 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Stock Performance

Expedia Group stock opened at $135.70 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.24. The firm has a market cap of $18.49 billion, a P/E ratio of 25.22, a P/E/G ratio of 0.42 and a beta of 1.86. Expedia Group, Inc. has a 1-year low of $87.94 and a 1-year high of $160.05. The firm has a 50-day moving average of $134.32 and a 200-day moving average of $134.15.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.10. The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Expedia Group had a return on equity of 35.79% and a net margin of 6.21%. Sell-side analysts expect that Expedia Group, Inc. will post 9.71 EPS for the current year.

Insider Activity at Expedia Group

In other news, CAO Lance A. Soliday sold 5,119 shares of Expedia Group stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total transaction of $702,377.99. Following the sale, the chief accounting officer now owns 10,880 shares of the company’s stock, valued at approximately $1,492,844.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Lance A. Soliday sold 5,119 shares of Expedia Group stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total transaction of $702,377.99. Following the sale, the chief accounting officer now directly owns 10,880 shares in the company, valued at $1,492,844.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $150.04, for a total transaction of $1,500,400.00. Following the completion of the transaction, the director now owns 216,521 shares of the company’s stock, valued at $32,486,810.84. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

EXPE has been the subject of several recent analyst reports. BMO Capital Markets began coverage on shares of Expedia Group in a research note on Tuesday, January 9th. They set an “outperform” rating and a $181.00 price objective for the company. StockNews.com upgraded shares of Expedia Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. Benchmark increased their price objective on Expedia Group from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Royal Bank of Canada restated a “sector perform” rating and set a $155.00 target price on shares of Expedia Group in a research report on Friday, February 9th. Finally, Wells Fargo & Company lowered their price target on Expedia Group from $159.00 to $155.00 and set an “equal weight” rating on the stock in a report on Friday, February 9th. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Expedia Group has an average rating of “Moderate Buy” and a consensus price target of $149.12.

Expedia Group 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.