Artisan Partners LP recently announced the acquisition of new stake in Expedia Group Inc. (NASDAQ:EXPE). The institutional investor has increased its shareholding in the Consumer Cyclical company by 11.69% to 7.39 million shares with purchase of 0.77 million shares. This fresh investment now brings its stake to 5.45% valued currently at $607.18 million. In addition, Altimeter Capital Management LP raised its holdings by 0.27 million to 3.91 million shares. And Manning & Napier Advisors LLC has lifted its position by 58.79% or 0.91 million shares – to 2.47 million shares.
With over 3.5 million Expedia Group Inc. (EXPE) shares trading Monday and a closing price of $79.96 on the day, the dollar volume was approximately $280.15 million. The shares have shown a negative weekly performance of -5.28% and its price on 08/03/20 lost nearly -1.30%. Currently, there are 141.07M common shares owned by the public and among those 134.72M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 31 analysts who have offered their price forecasts for EXPE have a consensus price objective of $94.35. The analysts have set the share’s price value over the next 12 months at a high of $138.00 and a low of $64.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Expedia Group Inc. stock is 2.60 for the next 12 months. The average price target is 18.5% above its last price level and an upside to the estimated low will see the stock lose -24.94% over that period. But an upside of 42.06% will see the stock hit the forecast high price target while mean target price for the stock is $90.00.
Insiders at the company have transacted a total of 81 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 46 of these insider trades were purchases, accounting for 330,606 shares. Insider sales of the common stock occurred on 35 occasions, with total insider shares sold totaling 354,307 shares.
The top 3 mutual fund holders in Expedia Group Inc. are Vanguard Total Stock Market Index, Vanguard Mid Cap Index Fund, and Vanguard Windsor Funds – Vanguard. Vanguard Total Stock Market Index owns 3.87 million shares of the company’s stock, all valued at over $317.87 million. The company sold -0.16 million shares recently to bring their total holdings to about 2.86% of the shares outstanding. Vanguard Mid Cap Index Fund sold -0.29 million shares to see its total holdings shrink to 3.35 million shares valued at over $275.34 million and representing 2.47% of the shares outstanding. Vanguard Windsor Funds – Vanguard bought 1.16 million shares to bring its total holdings to over 2.96 million shares at a value of $243.61 million. Vanguard Windsor Funds – Vanguard now owns shares totaling to 2.19% of the shares outstanding.
Shares of Expedia Group Inc. (NASDAQ: EXPE) opened at $81.10, up $0.09 from a prior closing price of $81.01. However, the script later closed the day at $79.96, down -1.30%. The company’s stock has a 5-day price change of -5.28% and 19.31% over the past three months. EXPE shares are trading -26.06% year to date (YTD), with the 12-month market performance down to -38.10% lower. It has a 12-month low price of $40.76 and touched a high of $139.88 over the same period. Currently, 3.5 million shares have been traded, compared to an average intraday trading volume of 4.29 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.95%, -5.11%, and -13.26% respectively.
Institutional ownership of Expedia Group Inc. (NASDAQ: EXPE) 141.07M shares outstanding. Mutual fund holders own 46.32%, while other institutional holders and individual stakeholders account for 51.00% and 21.24% respectively.
It has a market capitalization of $11.82B and a beta (3y monthly) value of 1.56. The earnings-per-share (ttm) stands at -$4.80. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.10% over the week and 4.07% over the month.
Analysts forecast that Expedia Group Inc. (EXPE) will achieve an EPS of -$0.56 for the current quarter, -$0.53 for the next quarter and $2.03 for 2021. The lowest estimate earnings-per-share for the quarter is -$1.82 while analysts give the company a high EPS estimate of $1.15. Comparatively, EPS for the current quarter was $3.38 a year ago. Earnings per share for the fiscal year are expected to increase by 42.00%, and 154.40% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 31 brokerage firm advisors rate Expedia Group Inc. (EXPE) as a “Moderate Buy” at a consensus score of 2.60. Specifically, 13 Wall Street analysts polled rate the stock as a buy, while 15 of the 31 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the EXPE, a number of firms have released research notes about the stock. BTIG Research stated their Buy rating for the stock in a research note on August 03, 2020, with the firm’s price target at $100. Evercore ISI coverage for the Expedia Group Inc. (EXPE) stock in a research note released on May 21, 2020 offered a In-line rating with a price target of $85. Jefferies was of a view on May 19, 2020 that the stock is Hold, while JMP Securities gave the stock Mkt Outperform rating on April 24, 2020, issuing a price target of $92. Argus on their part issued Hold rating on April 01, 2020.