Blue Trust Inc. Boosts Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Blue Trust Inc. lifted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 93.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 217 shares of the online travel company’s stock after purchasing an additional 105 shares during the quarter. Blue Trust Inc.’s holdings in Expedia Group were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EXPE. Hohimer Wealth Management LLC raised its holdings in shares of Expedia Group by 1.2% in the 4th quarter. Hohimer Wealth Management LLC now owns 6,711 shares of the online travel company’s stock valued at $1,019,000 after buying an additional 78 shares during the period. Parallel Advisors LLC grew its holdings in shares of Expedia Group by 7.4% in the fourth quarter. Parallel Advisors LLC now owns 1,163 shares of the online travel company’s stock valued at $176,000 after purchasing an additional 80 shares in the last quarter. Private Advisor Group LLC increased its stake in Expedia Group by 0.4% during the 1st quarter. Private Advisor Group LLC now owns 24,351 shares of the online travel company’s stock worth $3,354,000 after buying an additional 87 shares during the period. First Trust Direct Indexing L.P. lifted its holdings in Expedia Group by 5.8% during the 1st quarter. First Trust Direct Indexing L.P. now owns 1,601 shares of the online travel company’s stock worth $221,000 after buying an additional 88 shares in the last quarter. Finally, Commerce Bank boosted its position in Expedia Group by 4.3% in the 4th quarter. Commerce Bank now owns 2,304 shares of the online travel company’s stock valued at $350,000 after buying an additional 96 shares during the period. 90.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Expedia Group

In related news, insider Robert J. Dzielak sold 12,602 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 89,960 shares of the company’s stock, valued at $11,829,740. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Robert J. Dzielak sold 5,417 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $134.60, for a total transaction of $729,128.20. Following the completion of the sale, the insider now directly owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert J. Dzielak sold 12,602 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the completion of the transaction, the insider now directly owns 89,960 shares in the company, valued at $11,829,740. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,563 shares of company stock worth $2,447,970. 8.07% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EXPE. Piper Sandler reaffirmed a “neutral” rating and set a $140.00 price objective (down previously from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Citigroup upped their price target on Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $140.00 price objective on shares of Expedia Group in a research note on Friday, August 9th. BTIG Research cut their target price on shares of Expedia Group from $175.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, May 21st. Finally, B. Riley decreased their price target on shares of Expedia Group from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Sixteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $148.75.

Expedia Group Trading Up 3.8 %

EXPE opened at $138.13 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 2.93. Expedia Group, Inc. has a 52 week low of $92.48 and a 52 week high of $160.05. The business’s 50 day moving average is $127.66 and its two-hundred day moving average is $128.16. The firm has a market cap of $18.83 billion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 0.46 and a beta of 1.78.

Expedia Group (NASDAQ:EXPE) last announced its earnings results 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 for the quarter, compared to analysts’ expectations of $3.53 billion. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.34 EPS. On average, research analysts predict that Expedia Group, Inc. will post 9.28 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.