Meixler Investment Management Ltd. Cuts Position in Expedia Group, Inc. (NASDAQ:EXPE)

Meixler Investment Management Ltd. lowered its position in Expedia Group, Inc. (NASDAQ:EXPE) by 39.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,927 shares of the online travel company’s stock after selling 1,250 shares during the quarter. Meixler Investment Management Ltd.’s holdings in Expedia Group were worth $285,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in Expedia Group during the second quarter worth approximately $27,000. Blue Trust Inc. raised its stake in Expedia Group by 93.8% during the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after acquiring an additional 105 shares in the last quarter. Crewe Advisors LLC acquired a new position in Expedia Group in the first quarter valued at $40,000. LRI Investments LLC purchased a new position in shares of Expedia Group during the first quarter worth about $48,000. Finally, Cedar Wealth Management LLC acquired a new stake in shares of Expedia Group during the first quarter worth about $49,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Stock Performance

NASDAQ EXPE opened at $180.76 on Monday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $190.40. The business has a fifty day moving average of $149.81 and a 200-day moving average of $133.44. The stock has a market cap of $23.53 billion, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 0.70 and a beta of 1.78.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, beating the consensus estimate of $3.17 by $0.34. The firm had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.53 billion. Expedia Group had a net margin of 7.97% and a return on equity of 50.38%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.34 EPS. As a group, analysts predict that Expedia Group, Inc. will post 8.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EXPE has been the subject of several recent research reports. Benchmark increased their price target on Expedia Group from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Friday. DA Davidson reaffirmed a “neutral” rating and issued a $135.00 target price on shares of Expedia Group in a report on Friday, August 9th. Wells Fargo & Company increased their price target on shares of Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. StockNews.com lowered Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $140.00 target price on shares of Expedia Group in a research note on Friday, August 9th. Twenty analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Expedia Group has an average rating of “Hold” and an average price target of $159.88.

Insider Activity

In other news, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $134.60, for a total transaction of $729,128.20. Following the sale, the insider now owns 84,543 shares in the company, valued at $11,379,487.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Robert J. Dzielak sold 5,417 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $134.60, for a total transaction of $729,128.20. Following the transaction, the insider now directly owns 84,543 shares in the company, valued at approximately $11,379,487.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 12,602 shares of Expedia Group stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $131.50, for a total value of $1,657,163.00. Following the completion of the sale, the insider now owns 89,960 shares of the company’s stock, valued at $11,829,740. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,019 shares of company stock valued at $6,958,891 over the last 90 days. Insiders own 6.80% of the company’s stock.

Expedia Group 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.