Pallas Capital Advisors LLC Invests $629,000 in Expedia Group, Inc. (NASDAQ:EXPE)

Pallas Capital Advisors LLC purchased a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,918 shares of the online travel company’s stock, valued at approximately $629,000.

Other institutional investors also recently added to or reduced their stakes in the company. ORG Partners LLC raised its stake in shares of Expedia Group by 4,525.0% in the first quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock valued at $25,000 after buying an additional 181 shares during the period. Innealta Capital LLC purchased a new stake in Expedia Group in the 2nd quarter worth about $27,000. Blue Trust Inc. raised its stake in Expedia Group by 93.8% in the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock valued at $30,000 after acquiring an additional 105 shares during the period. Crewe Advisors LLC purchased a new stake in Expedia Group during the first quarter valued at about $40,000. Finally, LRI Investments LLC bought a new position in Expedia Group during the first quarter worth about $48,000. Institutional investors own 90.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on EXPE shares. Truist Financial initiated coverage on shares of Expedia Group in a research report on Friday, September 6th. They issued a “hold” rating and a $148.00 price target on the stock. Susquehanna increased their target price on Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Wells Fargo & Company lifted their price target on Expedia Group from $130.00 to $159.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Wedbush increased their price objective on Expedia Group from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $130.00 target price on shares of Expedia Group in a report on Monday, October 7th. Nineteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $152.54.

Expedia Group Stock Up 1.4 %

Shares of EXPE opened at $161.15 on Thursday. Expedia Group, Inc. has a 1 year low of $92.48 and a 1 year high of $164.65. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a 50 day simple moving average of $145.82 and a two-hundred day simple moving average of $131.65. The firm has a market cap of $21.96 billion, a P/E ratio of 30.18, a P/E/G ratio of 0.63 and a beta of 1.79.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.17 by $0.34. The company had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.34 EPS. On average, analysts forecast that Expedia Group, Inc. will post 8.98 earnings per share for the current fiscal year.

Insider Transactions at Expedia Group

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 completion of the sale, the insider now directly owns 84,543 shares in the company, valued at $11,379,487.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the completion of the sale, the insider now owns 84,543 shares in the company, valued at approximately $11,379,487.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 12,602 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the completion of the transaction, the insider now owns 89,960 shares in the company, valued at $11,829,740. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,019 shares of company stock worth $5,390,191. 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.