Bridgewater Associates LP Reduces Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Bridgewater Associates LP cut its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 11.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,127 shares of the online travel company’s stock after selling 18,725 shares during the quarter. Bridgewater Associates LP’s holdings in Expedia Group were worth $22,636,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. City State Bank grew its position 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 valued at $29,000 after purchasing an additional 118 shares during the last quarter. CVA Family Office LLC acquired a new stake in shares of Expedia Group in the fourth quarter valued at approximately $32,000. Parkside Financial Bank & Trust grew its position in shares of Expedia Group by 173.0% in the third quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock valued at $35,000 after purchasing an additional 218 shares during the last quarter. MV Capital Management Inc. boosted its position in Expedia Group by 335.6% during the fourth quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock worth $48,000 after acquiring an additional 245 shares during the last quarter. Finally, Bruce G. Allen Investments LLC acquired a new stake in Expedia Group during the fourth quarter worth approximately $65,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on EXPE shares. JPMorgan Chase & Co. decreased their target price 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. Mizuho decreased their target price on shares of Expedia Group from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Piper Sandler lowered shares of Expedia Group from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $175.00 to $145.00 in a research report on Friday, May 3rd. TD Cowen decreased their target price on shares of Expedia Group from $165.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Finally, Jefferies Financial Group decreased their target price on shares of Expedia Group from $150.00 to $145.00 and set a “hold” rating on the stock in a research report on Tuesday, March 19th. Sixteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Expedia Group has an average rating of “Hold” and a consensus price target of $148.12.

Expedia Group Trading Down 0.9 %

Shares of EXPE stock traded down $1.05 during mid-day trading on Tuesday, reaching $122.33. The company’s stock had a trading volume of 134,345 shares, compared to its average volume of 2,557,135. The company’s 50 day simple moving average is $122.27 and its 200-day simple moving average is $135.71. Expedia Group, Inc. has a 12-month low of $92.48 and a 12-month high of $160.05. 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 firm has a market capitalization of $16.67 billion, a PE ratio of 23.10, a price-to-earnings-growth ratio of 0.46 and a beta of 1.79.

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, topping the consensus estimate of ($0.96) by $0.57. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.80 billion. On average, research analysts predict that Expedia Group, Inc. will post 9.33 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Lance A. Soliday sold 544 shares of Expedia Group stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $113.38, for a total transaction of $61,678.72. Following the sale, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at approximately $1,268,382.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Expedia Group news, Director Craig A. Jacobson sold 6,722 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were 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 of the company’s stock, valued at approximately $3,676,600.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Lance A. Soliday sold 544 shares of the firm’s stock in a transaction 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 transaction, 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 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.