Institute for Wealth Management LLC. Makes New Investment in Expedia Group, Inc. (NASDAQ:EXPE)

Institute for Wealth Management LLC. purchased a new position in Expedia Group, Inc. (NASDAQ:EXPE) in the second quarter, HoldingsChannel reports. The firm purchased 2,178 shares of the online travel company’s stock, valued at approximately $274,000.

Several other institutional investors and hedge funds have also made changes to their positions in EXPE. Amalgamated Bank grew its position in Expedia Group by 22.3% in the fourth quarter. Amalgamated Bank now owns 47,184 shares of the online travel company’s stock worth $7,162,000 after buying an additional 8,595 shares during the last quarter. International Assets Investment Management LLC grew its position in Expedia Group by 115.8% in the fourth quarter. International Assets Investment Management LLC now owns 39,314 shares of the online travel company’s stock worth $5,967,000 after buying an additional 21,095 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in Expedia Group by 80.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 16,338 shares of the online travel company’s stock worth $2,480,000 after buying an additional 7,270 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in Expedia Group by 1.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 343,389 shares of the online travel company’s stock worth $47,302,000 after buying an additional 6,432 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Expedia Group by 18.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 154,867 shares of the online travel company’s stock worth $21,333,000 after buying an additional 23,939 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the completion of the transaction, the insider now owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the sale, the insider now directly owns 84,543 shares in the company, valued at approximately $11,379,487.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Lance A. Soliday sold 544 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $113.38, for a total value of $61,678.72. Following the completion of 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. Insiders sold a total of 18,563 shares of company stock valued at $2,447,970 in the last quarter. Corporate insiders own 8.07% of the company’s stock.

Analysts Set New Price Targets

EXPE has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Expedia Group from $136.00 to $128.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Benchmark reiterated a “buy” rating and set a $180.00 price objective on shares of Expedia Group in a research report on Friday, August 9th. Wedbush lifted their price objective on shares of Expedia Group from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $140.00 target price on shares of Expedia Group in a research note on Friday, August 9th. Finally, BTIG Research decreased their target price on shares of Expedia Group from $175.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, May 21st. Sixteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $148.75.

Expedia Group Stock Up 3.8 %

EXPE opened at $138.13 on Monday. Expedia Group, Inc. has a 1-year low of $92.48 and a 1-year high of $160.05. The business has a 50 day moving average of $127.66 and a 200-day moving average of $127.97. The stock has a market capitalization of $18.83 billion, a price-to-earnings ratio of 25.87, a P/E/G ratio of 0.46 and a beta of 1.78. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 2.93.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 EPS for the quarter, beating analysts’ consensus estimates of $3.17 by $0.34. The business had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.53 billion. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.34 earnings per share. As a group, sell-side analysts anticipate that Expedia Group, Inc. will post 9.28 earnings per share for the current year.

Expedia Group 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.