Position of Expedia Group, Inc. (NASDAQ:EXPE) downgraded by Xponance Inc.

Xponance Inc. has sold its position in Expedia Group, Inc. (NASDAQ:EXPE – Free Report) fell 11.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 26,617 shares of the online travel company, after selling 3,363 shares during the period. The interests of Xponance Inc. in Expedia Group were worth $4,040,000 at the time of the most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Almanack Investment Partners LLC. acquired a new position in shares of Expedia Group in the third quarter worth approximately $26,000. Clear Street Markets LLC grew its holdings in Expedia Group by 88.3% in the first quarter. Clear Street Markets LLC now owns 290 shares of the online travel company’s stock worth $28,000 after purchasing an additional 136 shares during the period. City State Bank increased its holdings in Expedia Group by 157.3% during the fourth quarter. City State Bank now owns 193 shares of the online travel company’s stock worth $29,000, after purchasing an additional 118 shares in the last quarter. CVA Family Office LLC bought a new stake in Expedia Group in the fourth quarter valued at $32,000. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Expedia Group by 173.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock worth $35,000 after purchasing an additional 218 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s shares.

Expedia Group is trading 0.5% higher

Shares of Expedia Group opened at $129.00 on Friday. The company has a fifty-day simple moving average of $134.37 and a 200-day simple moving average of $132.95. Expedia Group, Inc. has a fifty-two week low of $87.94 and a fifty-two week high of $160.05. The company has a market cap of $17.58 billion, a price-to-earnings ratio of 23.98, a price-to-earnings growth ratio of 0.39, and a beta of 1.86. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.24.

Expedia Group (NASDAQ:EXPE – Get Free Report) last published its quarterly results on Thursday, February 8. The online travel company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.10. Expedia Group had a net margin of 6.21% and a return on equity of 35.79%. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.88 billion. On average, stock analysts predict that Expedia Group, Inc. will record a profit per share of 9.74 for the current financial year.

Wall Street analysts predict growth

A number of stock analysts have recently weighed in on EXPE stock. Bank of America downgraded shares of Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 price objective for the company. in a research report on Friday, February 9. Wells Fargo & Company cut their target price on Expedia Group from $159.00 to $155.00 and set an equalweight rating for the company in a report on Friday, February 9. BMO Capital Markets issued a report on Expedia Group on Tuesday, January 9. They issued an “outperform” rating and a $181.00 price target on the stock. Goldman Sachs Group raised their price objective on Expedia Group from $155.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, January 19th. Finally, Jefferies Financial Group lowered their price target on Expedia Group from $150.00 to $145.00 and set a “hold” rating on the stock in a research report on Tuesday, March 19. Thirteen analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Expedia Group currently has an average rating of “Moderate Buy” and a consensus price target of $149.12.

Read our latest stock report on EXPE

Insider activity at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of Expedia Group stock in a transaction that occurred on Thursday, February 22. The shares sold at an average price of $137.21, for a total value of $702,377.99. Following the transaction, the Chief Accounting Officer now owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares sold at an average price of $150.04, for a total transaction of $1,500,400.00. Following the completion of the sale, the director now directly owns 216,521 shares of the company’s stock, valued at $32,486,810.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Lance A. Soliday sold 5,119 shares of the company’s stock in a transaction dated Thursday, February 22. The stock sold at an average price of $137.21, for a total transaction of $702,377.99. Following the completion of the transaction, the chief accountant now owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The explanation of this sale can be found here. Company insiders own 8.07% of the company’s shares.

Expedia Group Profile

(Free report)

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B and trivago segments. The B2C segment includes Brand Expedia, a full-service online travel brand offering various travel products and services; Hotels.com for accommodation; Vrbo, an online marketplace for alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.

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