SteelPeak Wealth LLC Invests $250,000 in Expedia Group, Inc. (NASDAQ:EXPE)

SteelPeak Wealth LLC purchased a new position in Expedia Group, Inc. (NASDAQ:EXPE) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,816 shares of the online travel company’s stock, valued at approximately $250,000.

Other hedge funds have also recently made changes to their positions in the company. University of Texas Texas AM Investment Managment Co. bought a new position in shares of Expedia Group in the fourth quarter worth about $26,000. City State Bank grew its holdings in shares of Expedia Group by 157.3% in 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 during the last quarter. CVA Family Office LLC bought a new position in shares of Expedia Group in the fourth quarter worth about $32,000. MV Capital Management Inc. grew its holdings 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 during the last quarter. Finally, Mather Group LLC. bought a new position in shares of Expedia Group in the first quarter worth about $52,000. 90.76% of the stock is currently owned by institutional investors.

Insider Activity at Expedia Group

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Benchmark reiterated a “buy” rating and set a $180.00 target price on shares of Expedia Group in a report on Friday, May 3rd. B. Riley cut their price objective on shares of Expedia Group from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. JPMorgan Chase & Co. lowered their target price on Expedia Group from $136.00 to $128.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Wells Fargo & Company cut their price target on Expedia Group from $149.00 to $137.00 and set an “equal weight” rating on the stock in a report on Friday, May 3rd. Finally, DA Davidson reissued a “neutral” rating and issued a $135.00 price target (down from $152.00) on shares of Expedia Group in a research report on Friday, May 3rd. Sixteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $148.12.

Expedia Group Stock Up 1.1 %

NASDAQ:EXPE opened at $125.99 on Monday. The firm has a market capitalization of $17.17 billion, a P/E ratio of 23.59, a PEG ratio of 0.47 and a beta of 1.78. The company’s fifty day moving average price is $120.85 and its 200-day moving average price is $134.27. Expedia Group, Inc. has a 1-year low of $92.48 and a 1-year high of $160.05. 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 (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, May 2nd. The online travel company reported ($0.39) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.96) by $0.57. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.80 billion. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. As a group, equities research analysts anticipate that Expedia Group, Inc. will post 9.33 EPS for the current year.

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.