Expedia Group, Inc. $EXPE Shares Newly Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the third quarter, according to its most recent 13F filing 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 also recently made changes to their positions in EXPE. Citizens Financial Group Inc. RI grew its stake in shares of Expedia Group by 184.8% during the third quarter. Citizens Financial Group Inc. RI now owns 6,673 shares of the online travel company’s stock worth $1,757,000 after buying an additional 4,330 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Expedia Group by 47.4% in the 2nd quarter. Tidal Investments LLC now owns 32,146 shares of the online travel company’s stock valued at $8,226,000 after acquiring an additional 10,331 shares during the last quarter. Plato Investment Management Ltd bought a new position in shares of Expedia Group in the 2nd quarter valued at $2,562,000. Bank of New York Mellon Corp acquired a new stake in shares of Expedia Group during the 2nd quarter valued at $166,203,000. Finally, Lombard Odier Asset Management Switzerland SA acquired a new stake in shares of Expedia Group during the 1st quarter valued at $910,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 1,004 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $335.00, for a total transaction of $336,340.00. Following the completion of the sale, the insider owned 104,331 shares of the company’s stock, valued at approximately $34,950,885. This represents a 0.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Craig A. Jacobson sold 3,133 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the transaction, the director owned 29,832 shares of the company’s stock, valued at approximately $9,800,408.64. The trade was a 9.50% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 11,950 shares of company stock worth $3,881,995. Insiders own 5.20% of the company’s stock.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $285.77 on Wednesday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80. Expedia Group, Inc. has a 52 week low of $185.34 and a 52 week high of $342.00. The firm 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 firm’s fifty day moving average is $284.66 and its 200-day moving average is $259.49.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Rosenblatt Securities initiated coverage on Expedia Group in a research report on Tuesday, September 1st. They set a “neutral” rating and a $360.00 price objective on the stock. Citigroup reiterated a “neutral” rating on shares of Expedia Group in a research report on Wednesday, August 12th. Barclays lifted their price target on Expedia Group from $264.00 to $320.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Royal Bank Of Canada boosted their price target on Expedia Group from $290.00 to $330.00 and gave the stock a “sector perform” rating in a report on Thursday, August 6th. Finally, Jefferies Financial Group upped their price objective on Expedia Group from $300.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Eighteen equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Expedia Group presently has an average rating of “Hold” and an average target price of $312.61.

About Expedia Group

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.