Hyperion Capital Advisors LP Buys New Position in Expedia Group, Inc. (NASDAQ:EXPE)

Hyperion Capital Advisors LP bought 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 SEC. The institutional investor bought 1,780 shares of the online travel company’s stock, valued at approximately $263,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. lifted its position in shares of Expedia Group by 22.5% in the 3rd quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock worth $481,170,000 after acquiring an additional 596,510 shares during the period. Fisher Asset Management LLC lifted its position in shares of Expedia Group by 9.4% in the 3rd quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock worth $250,078,000 after acquiring an additional 144,579 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Expedia Group by 14.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,054,485 shares of the online travel company’s stock worth $132,851,000 after acquiring an additional 135,973 shares during the period. AustralianSuper Pty Ltd lifted its position in shares of Expedia Group by 8.5% in the 3rd quarter. AustralianSuper Pty Ltd now owns 817,592 shares of the online travel company’s stock worth $121,020,000 after acquiring an additional 64,332 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Expedia Group by 13.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 649,716 shares of the online travel company’s stock worth $96,171,000 after acquiring an additional 75,120 shares during the period. Institutional investors own 90.76% of the company’s stock.

Insider Activity

In related news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the sale, the director now owns 198,505 shares in the company, valued at approximately $29,811,480.90. This represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $180.00, for a total value of $351,180.00. Following the sale, the insider now owns 85,250 shares in the company, valued at $15,345,000. The trade was a 2.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,951 shares of company stock worth $6,197,710 over the last three months. Corporate insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

EXPE has been the subject of a number of recent research reports. BTIG Research increased their target price on Expedia Group from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Royal Bank of Canada reissued a “sector perform” rating and issued a $140.00 target price on shares of Expedia Group in a report on Friday, August 9th. Truist Financial initiated coverage on Expedia Group in a report on Friday, September 6th. They issued a “hold” rating and a $148.00 target price for the company. Oppenheimer increased their target price on Expedia Group from $155.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Bank of America increased their target price on Expedia Group from $144.00 to $166.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Twenty analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $167.67.

Expedia Group Stock Performance

EXPE stock opened at $184.92 on Thursday. The firm has a market cap of $23.73 billion, a PE ratio of 23.80, a P/E/G ratio of 0.72 and a beta of 1.78. The business’s 50-day moving average price is $162.14 and its two-hundred day moving average price is $138.64. Expedia Group, Inc. has a 1-year low of $107.25 and a 1-year high of $190.40. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03.

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.