Commonwealth Equity Services LLC increased its stake in shares of Expedia Group, Inc. (NASDAQ: EXPE – Get a rating) by 30.4% in the first quarter, HoldingsChannel.com reports. The fund held 22,536 shares of the online travel company after buying an additional 5,259 shares during the period. Commonwealth Equity Services LLC’s holdings in Expedia Group were worth $4,409,000 at the end of the most recent reporting period.
A number of other major investors have also recently changed their stakes in the company. IFM Investors Pty Ltd increased its position in Expedia Group by 34.3% in the 1st quarter. IFM Investors Pty Ltd now owns 24,494 shares of the online travel company worth $4,793,000 after buying an additional 6,261 shares in the last quarter. Brinker Capital Investments LLC increased its position in Expedia Group by 6.4% in the 4th quarter. Brinker Capital Investments LLC now owns 4,924 shares of the online travel company worth $890,000 after buying 297 additional shares in the last quarter. AE Wealth Management LLC increased its position in Expedia Group by 314.8% in Q1. AE Wealth Management LLC now owns 6,857 shares of the online travel company worth $1,342,000 after buying an additional 5,204 shares in the last quarter. Regentatlantic Capital LLC increased its position in Expedia Group by 3.5% in the 1st quarter. Regentatlantic Capital LLC now owns 25,116 shares of the online travel company worth $4,914,000 after buying 853 additional shares in the last quarter. Finally, HighTower Advisors LLC strengthened its position in Expedia Group by 46.8% in the 4th quarter. HighTower Advisors LLC now owns 23,485 shares of the online travel company worth $4,244,000 after buying an additional 7,490 shares in the last quarter. Institutional investors hold 96.08% of the company’s shares.
A Wall Street analyst gives his opinion
EXPE has been the subject of a number of recent research reports. UBS Group lowered its target price on Expedia Group from $183.00 to $108.00 and set a “neutral” rating for the company in a research report on Monday. Citigroup reduced its price target on Expedia Group from $200.00 to $118.00 and set a “neutral” rating on the stock in a Thursday, June 16 research note. Mizuho raised its price target on Expedia Group from $155.00 to $172.00 in a Tuesday, May 3 research note. Argus reduced its price target on Expedia Group from $240.00 to $220.00 in a Thursday, April 7 research note. Finally, Goldman Sachs Group lowered its price target on Expedia Group from $206.00 to $173.00 and set a “buy” rating on the stock in a Thursday, June 9 research note. Fourteen analysts gave the stock a hold rating and twelve gave the company a buy rating. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $184.63.
Expedia Group Price Performance
Shares of EXPE action opened at $102.20 on Friday. The stock has a market capitalization of $16.06 billion, a price/earnings ratio of 88.10, a PEG ratio of 1.65 and a beta of 1.60. The company’s 50-day moving average is $105.35 and its 200-day moving average is $151.68. Expedia Group, Inc. has a 12-month low of $88.70 and a 12-month high of $217.72. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt ratio of 2.16.
Expedia Group (NASDAQ: EXPE – Get a rating) last reported results on Thursday, August 4. The online travel company reported EPS of $1.96 for the quarter, beating the consensus estimate of $1.57 by $0.39. Expedia Group achieved a return on equity of 11.93% and a net margin of 4.87%. The company posted revenue of $3.18 billion for the quarter, versus a consensus estimate of $2.99 billion. In the same period a year earlier, the company posted ($1.77) earnings per share. The company’s revenue for the quarter increased by 50.7% compared to the same quarter last year. Research analysts expect Expedia Group, Inc. to post EPS of 4.49 for the current fiscal year.
Insiders place their bets
In other Expedia Group news, CAD Lance A. Soliday sold 376 shares of the company in a trade on Monday, May 16. The stock was sold at an average price of $124.12, for a total value of $46,669.12. As a result of the sale, the accounting chief now directly owns 8,949 shares of the company, valued at $1,110,749.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at this hyperlink. Company insiders hold 5.00% of the company’s shares.
About Expedia Group
Expedia Group, Inc. operates as an online travel agency in the United States and internationally. The Company operates through Retail, B2B and trivago segments. Its brand portfolio includes Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for the marketing and distribution of accommodation; Vrbo, an online marketplace for alternative accommodation; Orbitz, Travelocity and CheapTickets travel websites; ebookers, an EMEA online travel agency offering travelers a range of travel options; Hotwire, which offers travel reservation services; CarRentals.com, an online car rental reservation service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, an advice provider for travelers booking cruises.
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