Lombard Odier Asset Management USA Corp Decreases Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Lombard Odier Asset Management USA Corp cut its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 86.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,000 shares of the online travel company’s stock after selling 93,800 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in Expedia Group were worth $2,582,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC boosted its holdings in Expedia Group by 82.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 155 shares of the online travel company’s stock valued at $27,000 after purchasing an additional 70 shares during the period. Wealthcare Advisory Partners LLC purchased a new position in Expedia Group in the first quarter valued at $27,000. Joseph P. Lucia & Associates LLC purchased a new position in Expedia Group in the first quarter valued at $31,000. Tradition Wealth Management LLC purchased a new position in Expedia Group in the first quarter valued at $34,000. Finally, E Fund Management Co. Ltd. purchased a new position in Expedia Group in the first quarter valued at $42,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.

In related news, Director Dara Khosrowshahi sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, July 1st. The stock was sold at an average price of $166.63, for a total value of $8,331,500.00. Following the sale, the director now owns 382,112 shares of the company’s stock, valued at approximately $63,671,322.56. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Eric M. Hart sold 53,907 shares of the company’s stock in a transaction that occurred on Friday, May 14th. The shares were sold at an average price of $170.00, for a total value of $9,164,190.00. Following the completion of the sale, the chief financial officer now directly owns 30,055 shares in the company, valued at approximately $5,109,350. The disclosure for this sale can be found here. Insiders have sold a total of 169,769 shares of company stock worth $28,818,931 in the last three months. Corporate insiders own 2.20% of the company’s stock.

Shares of NASDAQ:EXPE traded down $2.60 during trading on Thursday, hitting $159.82. 21,500 shares of the stock were exchanged, compared to its average volume of 2,288,560. The company has a fifty day simple moving average of $167.76. The company has a market capitalization of $23.49 billion, a P/E ratio of -11.63 and a beta of 1.75. The company has a debt-to-equity ratio of 3.15, a quick ratio of 1.01 and a current ratio of 1.01. Expedia Group, Inc. has a 12-month low of $76.75 and a 12-month high of $187.93.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, May 6th. The online travel company reported ($2.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.86) by $0.84. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.10 billion. Expedia Group had a negative return on equity of 46.51% and a negative net margin of 44.59%. The company’s quarterly revenue was down 43.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($1.83) EPS. As a group, research analysts predict that Expedia Group, Inc. will post -2.33 EPS for the current year.

A number of analysts have issued reports on EXPE shares. Citigroup lifted their price target on Expedia Group from $160.00 to $179.00 in a report on Wednesday, May 12th. JMP Securities lifted their price target on Expedia Group from $185.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, May 7th. Truist Securities lifted their price target on Expedia Group from $170.00 to $237.00 and gave the stock a “buy” rating in a report on Monday, April 19th. Wolfe Research started coverage on Expedia Group in a report on Wednesday, March 31st. They set a “peer perform” rating and a $170.00 price target for the company. Finally, Truist lifted their price target on Expedia Group from $170.00 to $237.00 in a report on Monday, April 19th. Thirteen investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $175.83.

Expedia Group Profile

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

Read More: What does an outperform rating mean?

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

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