Meeder Asset Management Inc. strengthens its position in Expedia Group, Inc. (NASDAQ: EXPE)


Meeder Asset Management Inc. increased its stake in shares of Expedia Group, Inc. (NASDAQ: EXPEGet a rating) by 59.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The company held 1,452 shares of the online travel company’s shares after buying an additional 542 shares during the quarter. Meeder Asset Management Inc.’s holdings in Expedia Group were worth $284,000 at the end of the last quarter.

Other institutional investors have also recently changed their positions in the company. KC Investment Advisors LLC increased its stake in Expedia Group by 1.8% in the fourth quarter. KC Investment Advisors LLC now owns 3,117 shares of the online travel company worth $563,000 after acquiring 55 additional shares during the period. Parkside Financial Bank & Trust increased its stake in Expedia Group by 41.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the online travel company worth $36,000 after acquiring 58 additional shares during the period. Trust Asset Management LLC increased its stake in Expedia Group by 6.3% in the first quarter. Trust Asset Management LLC now owns 1,429 shares of the online travel company worth $280,000 after acquiring 85 additional shares during the period. CAPROCK Group Inc. increased its stake in Expedia Group by 4.0% in the first quarter. CAPROCK Group Inc. now owns 2,255 shares of the online travel company worth $441,000 after acquiring 86 additional shares during the period. Finally, Steward Partners Investment Advisory LLC increased its stake in Expedia Group by 5.6% in the first quarter. Steward Partners Investment Advisory LLC now owns 1,631 shares of the online travel company worth $319,000 after acquiring 87 additional shares during the period. Hedge funds and other institutional investors own 96.08% of the company’s shares.

Insider buying and selling at Expedia Group

In other Expedia Group news, CAD Lance A. Soliday sold 636 shares of the company in a transaction dated Monday, August 15. The stock was sold at an average price of $114.04, for a total transaction of $72,529.44. Following the completion of the sale, the chief accounting officer now directly owns 8,949 shares of the company, valued at approximately $1,020,543.96. The transaction was disclosed in an SEC filing, available at the SEC website. Company insiders hold 5.00% of the company’s shares.

Expedia Group down 4.3%

Expedia Group Shares opened at $108.79 on Friday. The company has a 50-day simple moving average of $101.28 and a two-hundred-day simple moving average of $146.58. The company has a market capitalization of $17.09 billion, a P/E ratio of 54.12, a P/E/G ratio of 1.64 and a beta of 1.60. Expedia Group, Inc. has a 52-week low of $88.70 and a 52-week high of $217.72. The company has a quick ratio of 0.85, a current ratio of 0.85 and a leverage ratio of 1.99.

Expedia Group (NASDAQ: EXPEGet a rating) last released its quarterly results on Thursday, August 4. The online travel company reported earnings per share (EPS) of $1.96 for the quarter, beating analyst consensus estimates of $1.57 by $0.39. The company posted revenue of $3.18 billion in the quarter, versus a consensus estimate of $2.99 ​​billion. Expedia Group achieved a return on equity of 22.14% and a net margin of 4.26%. The company’s quarterly revenue increased by 50.7% compared to the same quarter last year. During the same period of the previous year, the company posted an EPS of ($1.77). Analysts predict Expedia Group, Inc. will post EPS of 4.94 for the current year.

Wall Street analysts predict growth

Several stock analysts have commented on the company. Royal Bank of Canada lowered its price target on Expedia Group from $200.00 to $185.00 in a Tuesday, May 3 research report. Atlantic Securities lowered its price target on Expedia Group to $125.00 in a Tuesday, August 9 research report. StockNews.com upgraded Expedia Group from a “hold” to a “buy” rating in a Thursday, May 5, research report. DA Davidson raised its price target on Expedia Group from $167.00 to $195.00 and gave the company a “neutral” rating in a Tuesday, May 3 research report. Finally, Barclays raised its price target on Expedia Group from $157.00 to $161.00 and gave the company an “overweight” rating in a Friday, August 5 report. Fourteen analysts gave the stock a hold rating and twelve gave the stock a buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $173.04.

Expedia Group Company Profile

(Get a rating)

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

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Institutional ownership by quarter for Expedia Group (NASDAQ:EXPE)



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