Caxton Associates LP Decreases Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Caxton Associates LP lowered its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 80.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,000 shares of the online travel company’s stock after selling 56,389 shares during the period. Caxton Associates LP’s holdings in Expedia Group were worth $1,928,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Amalgamated Bank increased its stake in shares of Expedia Group by 22.3% in the fourth quarter. Amalgamated Bank now owns 47,184 shares of the online travel company’s stock worth $7,162,000 after acquiring an additional 8,595 shares during the period. International Assets Investment Management LLC increased its stake in shares of Expedia Group by 115.8% in the fourth quarter. International Assets Investment Management LLC now owns 39,314 shares of the online travel company’s stock worth $5,967,000 after acquiring an additional 21,095 shares during the period. Public Employees Retirement Association of Colorado increased its stake in shares of Expedia Group by 80.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 16,338 shares of the online travel company’s stock worth $2,480,000 after acquiring an additional 7,270 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Expedia Group by 1.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 343,389 shares of the online travel company’s stock worth $47,302,000 after acquiring an additional 6,432 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Expedia Group by 18.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 154,867 shares of the online travel company’s stock worth $21,333,000 after acquiring an additional 23,939 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Trading Up 0.4 %

Shares of EXPE traded up $0.54 during trading on Tuesday, reaching $128.82. 384,612 shares of the company traded hands, compared to its average volume of 2,394,146. Expedia Group, Inc. has a twelve month low of $92.48 and a twelve month high of $160.05. The stock has a market cap of $17.56 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78. The stock has a 50-day simple moving average of $123.58 and a 200-day simple moving average of $131.12. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 2.93.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, May 2nd. The online travel company reported ($0.39) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.96) by $0.57. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.80 billion. On average, analysts anticipate that Expedia Group, Inc. will post 9.32 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on EXPE. BTIG Research dropped their price target on shares of Expedia Group from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, May 21st. Oppenheimer restated an “outperform” rating and set a $175.00 price target on shares of Expedia Group in a research report on Monday, April 29th. Benchmark restated a “buy” rating and set a $180.00 price target on shares of Expedia Group in a research report on Tuesday, July 2nd. B. Riley dropped their price target on shares of Expedia Group from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Finally, TD Cowen decreased their price objective on shares of Expedia Group from $165.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Sixteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $148.24.

Insider Buying and Selling at Expedia Group

In related news, Director Craig A. Jacobson sold 6,722 shares of Expedia Group stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $112.71, for a total value of $757,636.62. Following the completion of the transaction, the director now owns 32,620 shares in the company, valued at $3,676,600.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Lance A. Soliday sold 544 shares of Expedia Group stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $113.38, for a total value of $61,678.72. Following the completion of the transaction, the chief accounting officer now owns 11,187 shares in the company, valued at $1,268,382.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Craig A. Jacobson sold 6,722 shares of Expedia Group stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $112.71, for a total transaction of $757,636.62. Following the completion of the transaction, the director now owns 32,620 shares of the company’s stock, valued at approximately $3,676,600.20. The disclosure for this sale can be found here. Company insiders own 8.07% of the company’s stock.

About Expedia Group

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.