Mather Group LLC. Makes New $52,000 Investment in Expedia Group, Inc. (NASDAQ:EXPE)

Mather Group LLC. acquired a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 345 shares of the online travel company’s stock, valued at approximately $52,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. University of Texas Texas AM Investment Managment Co. purchased a new stake in Expedia Group in the fourth quarter worth about $26,000. City State Bank increased its holdings in Expedia Group by 157.3% in the 4th quarter. City State Bank now owns 193 shares of the online travel company’s stock worth $29,000 after acquiring an additional 118 shares in the last quarter. CVA Family Office LLC bought a new stake in Expedia Group during the 4th quarter worth approximately $32,000. Parkside Financial Bank & Trust lifted its holdings in Expedia Group by 173.0% during the third quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock valued at $35,000 after purchasing an additional 218 shares in the last quarter. Finally, MV Capital Management Inc. increased its stake in shares of Expedia Group by 335.6% in the fourth quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock worth $48,000 after purchasing an additional 245 shares in the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EXPE has been the subject of several recent analyst reports. BMO Capital Markets reaffirmed a “market perform” rating and issued a $145.00 target price on shares of Expedia Group in a report on Wednesday, May 15th. Piper Sandler downgraded Expedia Group from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $175.00 to $145.00 in a research note on Friday, May 3rd. Susquehanna restated a “neutral” rating and issued a $125.00 price target on shares of Expedia Group in a research note on Wednesday, May 15th. Mizuho cut their price objective on Expedia Group from $140.00 to $135.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Finally, HSBC cut their target price on shares of Expedia Group from $166.00 to $132.00 and set a “hold” rating for the company in a report on Tuesday, May 7th. Sixteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $148.12.

Insider Activity at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 544 shares of Expedia Group stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $113.38, for a total transaction of $61,678.72. Following the completion of the sale, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at approximately $1,268,382.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Expedia Group news, Director Craig A. Jacobson sold 6,722 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $112.71, for a total value of $757,636.62. Following the sale, the director now directly owns 32,620 shares of the company’s stock, valued at $3,676,600.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Lance A. Soliday sold 544 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $113.38, for a total value of $61,678.72. Following the sale, the chief accounting officer now directly owns 11,187 shares in the company, valued at $1,268,382.06. The disclosure for this sale can be found here. 8.07% of the stock is owned by insiders.

Expedia Group Trading Up 1.8 %

NASDAQ:EXPE opened at $127.72 on Monday. Expedia Group, Inc. has a 52 week low of $92.48 and a 52 week high of $160.05. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 2.93. The stock has a market capitalization of $17.41 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 0.47 and a beta of 1.78. The firm has a 50 day moving average of $121.00 and a 200 day moving average of $134.91.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, May 2nd. The online travel company reported ($0.39) earnings per share for the quarter, topping the consensus estimate of ($0.96) by $0.57. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.80 billion. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. As a group, sell-side analysts anticipate that Expedia Group, Inc. will post 9.33 earnings per share for the current fiscal year.

About Expedia Group

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