ETRADE Capital Management LLC raised its position in Expedia Group Inc (NASDAQ:EXPE) by 39.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,787 shares of the online travel company’s stock after acquiring an additional 4,726 shares during the quarter. ETRADE Capital Management LLC’s holdings in Expedia Group were worth $945,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the stock. Swiss National Bank lifted its position in shares of Expedia Group by 22.4% during the 1st quarter. Swiss National Bank now owns 540,820 shares of the online travel company’s stock worth $30,432,000 after buying an additional 98,900 shares during the last quarter. Mackay Shields LLC lifted its position in shares of Expedia Group by 709.6% during the 1st quarter. Mackay Shields LLC now owns 174,575 shares of the online travel company’s stock worth $9,824,000 after buying an additional 153,012 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Expedia Group by 5.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 17,103 shares of the online travel company’s stock worth $961,000 after buying an additional 845 shares during the last quarter. Tobam lifted its position in shares of Expedia Group by 36.2% during the 1st quarter. Tobam now owns 231,313 shares of the online travel company’s stock worth $13,016,000 after buying an additional 61,498 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Expedia Group by 79.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,912 shares of the online travel company’s stock worth $2,415,000 after buying an additional 19,033 shares during the last quarter. Institutional investors own 95.03% of the company’s stock.
NASDAQ:EXPE opened at $77.95 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.80 and a debt-to-equity ratio of 1.77. Expedia Group Inc has a fifty-two week low of $40.76 and a fifty-two week high of $144.00. The stock has a market cap of $10.78 billion, a PE ratio of 23.55 and a beta of 1.54. The firm’s fifty day simple moving average is $64.04 and its 200-day simple moving average is $92.14.
Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Wednesday, May 20th. The online travel company reported ($1.83) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.58) by ($0.25). Expedia Group had a positive return on equity of 10.14% and a negative net margin of 5.43%. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period last year, the company earned ($0.27) earnings per share. The business’s revenue for the quarter was down 15.3% compared to the same quarter last year. Equities analysts anticipate that Expedia Group Inc will post -4.58 earnings per share for the current year.
Several analysts have recently weighed in on EXPE shares. Argus downgraded shares of Expedia Group from a “buy” rating to a “hold” rating in a research report on Wednesday, April 1st. JMP Securities raised shares of Expedia Group from a “market perform” rating to an “outperform” rating and set a $92.00 target price on the stock in a report on Friday, April 24th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Expedia Group in a report on Monday, March 23rd. Benchmark cut their target price on shares of Expedia Group from $155.00 to $103.00 and set a “buy” rating on the stock in a report on Thursday. Finally, BidaskClub raised shares of Expedia Group from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $103.81.
About Expedia Group
Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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