Bailard Inc. Has $4.84 Million Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Bailard Inc. decreased its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 4.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,402 shares of the online travel company’s stock after selling 1,788 shares during the quarter. Bailard Inc.’s holdings in Expedia Group were worth $4,838,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Verdence Capital Advisors LLC boosted its position in Expedia Group by 4.4% during the 2nd quarter. Verdence Capital Advisors LLC now owns 3,405 shares of the online travel company’s stock worth $429,000 after acquiring an additional 142 shares during the period. Addison Capital Co boosted its position in Expedia Group by 3.3% during the 2nd quarter. Addison Capital Co now owns 3,578 shares of the online travel company’s stock worth $451,000 after acquiring an additional 115 shares during the period. Independence Bank of Kentucky boosted its position in Expedia Group by 103.2% during the 2nd quarter. Independence Bank of Kentucky now owns 12,092 shares of the online travel company’s stock worth $1,523,000 after acquiring an additional 6,141 shares during the period. Institute for Wealth Management LLC. acquired a new stake in Expedia Group during the 2nd quarter worth about $274,000. Finally, Banque Pictet & Cie SA boosted its position in Expedia Group by 23.3% during the 2nd quarter. Banque Pictet & Cie SA now owns 74,402 shares of the online travel company’s stock worth $9,374,000 after acquiring an additional 14,038 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 544 shares of Expedia Group stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $113.38, for a total value of $61,678.72. Following the transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at approximately $1,268,382.06. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Robert J. Dzielak sold 12,602 shares of Expedia Group stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the sale, the insider now owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lance A. Soliday sold 544 shares of Expedia Group stock in a transaction that occurred on 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 approximately $1,268,382.06. The disclosure for this sale can be found here. Insiders have sold a total of 18,563 shares of company stock valued at $2,447,970 in the last three months. Company insiders own 8.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EXPE. Piper Sandler restated a “neutral” rating and set a $140.00 price objective (down from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. BMO Capital Markets restated a “market perform” rating and set a $145.00 price objective on shares of Expedia Group in a research report on Wednesday, May 15th. Barclays reduced their price target on Expedia Group from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. DA Davidson reiterated a “neutral” rating and set a $135.00 price target on shares of Expedia Group in a report on Friday, August 9th. Finally, Citigroup lifted their price target on Expedia Group from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Sixteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $148.75.

Expedia Group Stock Performance

Shares of NASDAQ EXPE opened at $137.12 on Tuesday. 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 business’s 50 day moving average is $127.92 and its two-hundred day moving average is $127.82. The company has a market cap of $18.69 billion, a P/E ratio of 25.68, a P/E/G ratio of 0.46 and a beta of 1.78. Expedia Group, Inc. has a 12 month low of $92.48 and a 12 month high of $160.05.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 EPS for the quarter, topping the consensus estimate of $3.17 by $0.34. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.53 billion. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.34 EPS. On average, equities analysts expect that Expedia Group, Inc. will post 9.28 EPS 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.