L2 Asset Management LLC Has $6.17 Million Stock Position in Expedia Group, Inc. $EXPE

L2 Asset Management LLC cut its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 8.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,590 shares of the online travel company’s stock after selling 3,432 shares during the period. Expedia Group comprises approximately 1.0% of L2 Asset Management LLC’s investment portfolio, making the stock its 26th biggest holding. L2 Asset Management LLC’s holdings in Expedia Group were worth $6,172,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Brighton Jones LLC acquired a new stake in Expedia Group in the 4th quarter valued at $408,000. Blair William & Co. IL acquired a new position in shares of Expedia Group during the 1st quarter worth about $200,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Expedia Group by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 745,959 shares of the online travel company’s stock valued at $125,396,000 after acquiring an additional 13,314 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Expedia Group by 9.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 218,413 shares of the online travel company’s stock valued at $36,715,000 after acquiring an additional 19,086 shares in the last quarter. Finally, AlphaCore Capital LLC acquired a new stake in shares of Expedia Group in the first quarter valued at about $352,000. Institutional investors own 90.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Argus increased their price target on Expedia Group from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, November 10th. BMO Capital Markets upped their price objective on Expedia Group from $205.00 to $250.00 in a research note on Friday, November 7th. TD Cowen increased their price objective on Expedia Group from $220.00 to $256.00 in a report on Friday, November 7th. Susquehanna boosted their target price on shares of Expedia Group from $200.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, November 10th. Finally, DA Davidson set a $294.00 price target on shares of Expedia Group in a research note on Monday, November 17th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and twenty-five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Expedia Group currently has an average rating of “Hold” and an average price target of $265.31.

Expedia Group Trading Up 2.0%

Shares of NASDAQ:EXPE opened at $263.43 on Monday. Expedia Group, Inc. has a 12-month low of $130.01 and a 12-month high of $279.61. The business has a 50 day moving average of $234.34 and a 200-day moving average of $205.70. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.72. The stock has a market cap of $32.28 billion, a PE ratio of 25.21, a P/E/G ratio of 1.19 and a beta of 1.44.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share for the quarter, topping the consensus estimate of $7.10 by $0.47. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same period last year, the firm posted $6.13 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, equities research analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 19th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, November 19th. Expedia Group’s dividend payout ratio (DPR) is currently 15.31%.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 849 shares of Expedia Group stock in a transaction on Friday, November 21st. The stock was sold at an average price of $248.08, for a total value of $210,619.92. Following the completion of the transaction, the chief accounting officer directly owned 11,662 shares of the company’s stock, valued at $2,893,108.96. The trade was a 6.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Craig A. Jacobson sold 3,000 shares of the stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $271.55, for a total value of $814,650.00. Following the sale, the director directly owned 30,858 shares in the company, valued at approximately $8,379,489.90. This trade represents a 8.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,849 shares of company stock worth $1,283,270 in the last quarter. Corporate insiders own 9.13% of the company’s stock.

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.