Grimes & Company Inc. Reduces Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Grimes & Company Inc. lowered its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 92.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 8,293 shares of the online travel company’s stock after selling 103,069 shares during the quarter. Grimes & Company Inc.’s holdings in Expedia Group were worth $1,142,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. ValueAct Holdings L.P. purchased a new stake in Expedia Group in the 4th quarter worth approximately $645,346,000. Norges Bank bought a new stake in Expedia Group in the fourth quarter valued at $334,632,000. Kodai Capital Management LP bought a new stake in Expedia Group in the fourth quarter valued at $38,072,000. Dimensional Fund Advisors LP raised its holdings in Expedia Group by 24.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 767,709 shares of the online travel company’s stock worth $116,541,000 after purchasing an additional 151,993 shares in the last quarter. Finally, State of Michigan Retirement System lifted its position in shares of Expedia Group by 183.8% in the 4th quarter. State of Michigan Retirement System now owns 117,964 shares of the online travel company’s stock worth $17,906,000 after purchasing an additional 76,400 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on EXPE. B. Riley lowered their price objective on shares of Expedia Group from $200.00 to $190.00 and set a “buy” rating for the company in a report on Friday, May 3rd. HSBC decreased their price objective on Expedia Group from $166.00 to $132.00 and set a “hold” rating for the company in a report on Tuesday, May 7th. Susquehanna restated a “neutral” rating and set a $125.00 target price on shares of Expedia Group in a report on Wednesday, May 15th. JPMorgan Chase & Co. cut their price target on Expedia Group from $136.00 to $128.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Finally, BTIG Research cut their target price on Expedia Group from $175.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, May 21st. Sixteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $148.12.

Expedia Group Stock Performance

EXPE stock opened at $125.99 on Friday. The company has a market cap of $17.17 billion, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.79 and a quick ratio of 0.79. Expedia Group, Inc. has a 1 year low of $92.48 and a 1 year high of $160.05. The stock’s fifty day moving average price is $120.85 and its 200-day moving average price is $134.34.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, May 2nd. The online travel company reported ($0.39) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.96) by $0.57. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.80 billion. On average, equities analysts forecast that Expedia Group, Inc. will post 9.33 earnings per share for the current year.

Insider Activity at Expedia Group

In related news, Director Craig A. Jacobson sold 6,722 shares of Expedia Group stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total transaction of $757,636.62. Following the transaction, the director now directly owns 32,620 shares in the company, valued at $3,676,600.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Craig A. Jacobson sold 6,722 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total transaction of $757,636.62. Following the completion of the transaction, the director now directly owns 32,620 shares in the company, valued at approximately $3,676,600.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Lance A. Soliday sold 544 shares of the stock in a transaction that occurred on 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 directly owns 11,187 shares of the company’s stock, valued at $1,268,382.06. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by company insiders.

Expedia Group Company Profile

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.