The travel industry, particularly
Expedia Group, Inc. (NASDAQ:EXPE), has seen a flurry of activity.
Mutual of America Capital Management LLC has sold 731 Expedia shares, while
LSV Asset Management has acquired over 60,700 shares, marking significant shifts in ownership. Expedia's stock price has faced scrutiny, with anticipated Q2 earnings expected to be strong for travel stocks in general. However, the stock has seen a double-digit dip due to issues like
Vrbo's weakness prompting revised guidance. Various institutions including
Empowered Funds LLC and
First Trust Direct Indexing L.P. have increased their stake, contrary to
Nordea Investment Management AB's downgraded position. Despite a shaky outlook and year-to-date decline, potential for
a rally has been noted.
Expedia's leadership transition alongside strategic growth uncertainties lead to suggestions of holding on to the stock. Continued adjustments in
stock holdings by various companies including
MV Capital Management Inc. and
Wealth Enhancement Advisory Services LLC show ongoing interests. Despite challenges like the sudden CEO departure and setbacks in bookings leading to a lowered revenue forecast, some remain bullish on the stock's future given its
rising relative strength and
improved travel bookings.
Expedia Stocks EXPE News Analytics from Fri, 03 Nov 2023 07:00:00 GMT to Sun, 14 Jul 2024 15:56:44 GMT -
Rating 4
- Innovation 2
- Information 7
- Rumor -3
