Morgan Stanley & Co. LLC has recently announced that it has increased stake in Expedia Group Inc (NASDAQ:EXPE) by 258.29%. After grabbing 8.27 million shares, the institutional investor is now in possession of 5.96 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 6.20% having worth around $1.13 billion. Moreover, Amundi Asset Management US, Inc. increased its share by 3.01 million to have a control over 4.53 million shares. And PAR Capital Management, Inc. raised its holdings to 50000.0 shares by acquiring 3.45 million shares or 2.59% of the stake.
Expedia Group Inc (EXPE) concluded trading on 01/03/24 at a closing price of $144.99, with 3.94 million shares of worth about $571.23 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 29.99% during that period and on Wednesday the price saw a loss of about -2.53%. Currently the company’s common shares owned by public are about 147.76M shares, out of which, 132.49M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 34 analysts are covering the EXPE stock and their offered price forecasts bring an average price target of $143.70. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $200.00 and could fall to a lowest price of $110.00. The stock’s current price level is -0.9% below of average price target set by the analysts, while a dip to estimated low would result in loss of -31.81% for the stock. However, touching the estimated high of $200.00 would mean a gain of 27.5% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 109 times over the past 12 months. They bought 162,483 shares in 80 of the transactions. In 29 selling transactions, insiders dumped 128,635 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Vanguard Mid Cap Index Fund are the top 3 mutual funds which are holding stakes in Expedia Group Inc Vanguard Total Stock Market ETF is currently holding 4.31 million shares of worth totaling $587.45 million. The company recently came buying 5121.0 shares which brought its stake up to 3.24% of the company’s outstanding shares. Vanguard 500 Index Fund bought 14732.0 shares, after which its hold over company’s outstanding shares expand to 2.50%, leaving 3.33 million shares with the mutual fund that have a worth of about $453.13 million. Vanguard Mid Cap Index Fund, after buying 3.13 million shares, have now control over 2.35% of the stake in the company. It holds 7427.0 shares of worth $426.22 million.
Expedia Group Inc (NASDAQ: EXPE) started trading at $146.61, below -$2.15 from concluding price of the previous day. However, the stock later moved at a day high price of 148.40, or with a loss of -2.53%. Stock saw a price change of -5.32% in past 5 days and over the past one month there was a price change of 4.08%. Year-to-date (YTD), EXPE shares are showing a performance of -4.48% which increased to 65.51% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $86.31 but also hit the highest price of $155.84 during that period. The average intraday trading volume for Expedia Group Inc shares is 2.44 million. The stock is currently trading -1.89% below its 20-day simple moving average (SMA20), while that difference is up 12.23% for SMA50 and it goes to 32.24% higher than SMA200.
Morgan Stanley & Co. LLC acquired 8.27 million shares of Expedia Group Inc having value of about $1.13 billion. Data submitted at the U.S SEC by Morgan Stanley & Co. LLC revealed that the firm now holds 5.96 million shares in the company valued at close to $863939008.89, or have control over 258.29% stake in the company. Expedia Group Inc (NASDAQ: EXPE) currently have 147.76M outstanding shares and institutions hold larger chunk of about 96.67% of that. Holding of mutual funds in the company is about 48.74% while other institutional holders and individual stake holders have control over 52.36% and 21.37% of the stake respectively.
The stock has a current market capitalization of $20.13B and its 3Y-monthly beta is at 1.91. PE ratio of stock for trailing 12 months is 26.03, while it has posted earnings per share of $5.57 in the same period. Its PEG reads 1.05 and has Quick Ratio of 0.80 while making debt-to-equity ratio of 3.91. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EXPE, volatility over the week remained 2.21% while standing at 2.38% over the month.
Analysts are in expectations that Expedia Group Inc (EXPE) stock would likely to be making an EPS of $1.68 in the current quarter, while forecast for next quarter EPS is $0.1 and it is $12.27 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.2 which is $2.25 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.26 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 40.25% while it is estimated to increase by 27.89% in next year. EPS is likely to grow at an annualized rate of 24.70% for next 5-years, compared to annual growth of -2.10% made by the stock over the past 5-years.
Analysts at 34 brokerage firms have issued recommendations for the Expedia Group Inc (EXPE)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.24. Out of those 34 Wall Street analysts, 13 recommended a “Buy” rating, while 16 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on January 02, 2024 offering an Equal weight rating for the stock and assigned a target price range of between $91 and $159 to it.
