Assenagon Asset Management S.A. Has $2.45 Million Holdings in Expedia Group Inc (NASDAQ:EXPE)

Assenagon Asset Management S.A. increased its stake in Expedia Group Inc (NASDAQ:EXPE) by 12.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,189 shares of the online travel company’s stock after buying an additional 1,947 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Expedia Group were worth $2,445,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPE. Lenox Wealth Advisors LLC lifted its holdings in Expedia Group by 113.3% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 192 shares of the online travel company’s stock valued at $26,000 after purchasing an additional 102 shares during the last quarter. WealthStone Inc. acquired a new stake in Expedia Group during the 2nd quarter valued at $27,000. FNY Investment Advisers LLC acquired a new stake in Expedia Group during the 2nd quarter valued at $28,000. Steward Partners Investment Advisory LLC acquired a new stake in Expedia Group during the 2nd quarter valued at $41,000. Finally, Glassman Wealth Services lifted its holdings in Expedia Group by 404.3% during the 2nd quarter. Glassman Wealth Services now owns 353 shares of the online travel company’s stock valued at $47,000 after purchasing an additional 283 shares during the last quarter. 80.02% of the stock is owned by institutional investors.

EXPE stock opened at $136.03 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market capitalization of $20.72 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 1.72 and a beta of 1.08. The business’s fifty day moving average price is $133.06 and its two-hundred day moving average price is $128.34. Expedia Group Inc has a fifty-two week low of $108.11 and a fifty-two week high of $144.00.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, July 25th. The online travel company reported $1.47 EPS for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.07. Expedia Group had a return on equity of 14.20% and a net margin of 5.36%. The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the business earned $1.45 earnings per share. Expedia Group’s revenue was up 9.5% on a year-over-year basis. Research analysts expect that Expedia Group Inc will post 5.8 EPS for the current year.

In related news, Director Dara Khosrowshahi sold 50,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $132.69, for a total value of $6,634,500.00. Following the transaction, the director now owns 477,677 shares in the company, valued at $63,382,961.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan C. Athey sold 2,425 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $134.59, for a total value of $326,380.75. Following the completion of the transaction, the director now owns 1,462 shares in the company, valued at approximately $196,770.58. The disclosure for this sale can be found here. Insiders sold 117,671 shares of company stock worth $15,635,833 in the last 90 days. 20.96% of the stock is owned by company insiders.

Several equities research analysts have issued reports on EXPE shares. Morgan Stanley raised their price target on Expedia Group from $135.00 to $140.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Oppenheimer set a $160.00 price target on Expedia Group and gave the company a “buy” rating in a report on Friday, July 26th. TheStreet raised Expedia Group from a “c+” rating to an “a-” rating in a report on Thursday, July 25th. BidaskClub downgraded Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 7th. Finally, ValuEngine downgraded Expedia Group from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $153.41.

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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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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