Invenomic Capital Management LP Raises Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Invenomic Capital Management LP lifted its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 13.3% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 180,100 shares of the online travel company’s stock after buying an additional 21,199 shares during the quarter. Expedia Group makes up 1.3% of Invenomic Capital Management LP’s holdings, making the stock its 24th largest holding. Invenomic Capital Management LP owned 0.13% of Expedia Group worth $24,809,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. ValueAct Holdings L.P. bought a new stake in shares of Expedia Group in the 4th quarter valued at approximately $645,346,000. Norges Bank acquired a new stake in Expedia Group in the fourth quarter worth about $334,632,000. Lyrical Asset Management LP boosted its stake in Expedia Group by 0.8% in the 4th quarter. Lyrical Asset Management LP now owns 1,796,068 shares of the online travel company’s stock worth $272,625,000 after purchasing an additional 13,792 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Expedia Group by 4.3% during the fourth quarter. Fisher Asset Management LLC now owns 1,439,626 shares of the online travel company’s stock worth $218,521,000 after buying an additional 59,530 shares during the period. Finally, Clearbridge Investments LLC grew its stake in Expedia Group by 3.1% during the 1st quarter. Clearbridge Investments LLC now owns 971,327 shares of the online travel company’s stock valued at $133,800,000 after purchasing an additional 29,294 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

Insider Buying and Selling

In other Expedia Group news, Director Craig A. Jacobson sold 6,722 shares of the business’s stock in a transaction dated 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 directly owns 32,620 shares of the company’s stock, valued at $3,676,600.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Expedia Group news, Director Craig A. Jacobson sold 6,722 shares of the company’s 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 sale, the director now owns 32,620 shares of the company’s stock, valued at $3,676,600.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lance A. Soliday sold 544 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $113.38, for a total value of $61,678.72. Following the completion of the sale, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at $1,268,382.06. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by corporate insiders.

Expedia Group Stock Performance

EXPE traded up $0.25 on Tuesday, hitting $128.53. The company had a trading volume of 1,379,475 shares, compared to its average volume of 2,401,007. The stock has a market cap of $17.52 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78. Expedia Group, Inc. has a 1-year low of $92.48 and a 1-year high of $160.05. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.79 and a quick ratio of 0.79. The company’s fifty day moving average price is $123.58 and its 200 day moving average price is $131.12.

Expedia Group (NASDAQ:EXPE) last issued 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. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.80 billion. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. Equities analysts predict that Expedia Group, Inc. will post 9.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

EXPE has been the subject of several recent research reports. HSBC cut their target price on shares of Expedia Group from $166.00 to $132.00 and set a “hold” rating for the company in a report on Tuesday, May 7th. Wedbush cut their price objective on shares of Expedia Group from $130.00 to $125.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. B. Riley reduced their price target on Expedia Group from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Piper Sandler lowered shares of Expedia Group from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $175.00 to $145.00 in a research report on Friday, May 3rd. Finally, TD Cowen dropped their price target on shares of Expedia Group from $165.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Sixteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $148.24.

Expedia Group Company Profile

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.