Cullen Frost Bankers Inc. Boosts Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Cullen Frost Bankers Inc. boosted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 5.6% during the fourth quarter, Holdings Channel reports. The firm owned 63,466 shares of the online travel company’s stock after acquiring an additional 3,361 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Expedia Group were worth $9,634,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXPE. Picton Mahoney Asset Management bought a new position in shares of Expedia Group during the fourth quarter valued at approximately $105,000. Apollon Wealth Management LLC purchased a new position in Expedia Group during the 4th quarter valued at $225,000. National Bank of Canada FI raised its holdings in Expedia Group by 37.9% in the 4th quarter. National Bank of Canada FI now owns 41,901 shares of the online travel company’s stock worth $6,233,000 after purchasing an additional 11,508 shares in the last quarter. Sapient Capital LLC purchased a new stake in shares of Expedia Group in the 4th quarter worth about $939,000. Finally, Amalgamated Bank boosted its stake in shares of Expedia Group by 22.3% during the 4th quarter. Amalgamated Bank now owns 47,184 shares of the online travel company’s stock valued at $7,162,000 after purchasing an additional 8,595 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Performance

Shares of Expedia Group stock traded down $1.37 during trading on Wednesday, hitting $111.54. 3,644,160 shares of the company’s stock traded hands, compared to its average volume of 2,629,791. Expedia Group, Inc. has a 1 year low of $88.81 and a 1 year high of $160.05. The business has a 50-day simple moving average of $132.97 and a 200-day simple moving average of $135.73. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.79 and a quick ratio of 0.78. The stock has a market capitalization of $15.20 billion, a P/E ratio of 20.89, a PEG ratio of 0.35 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.10. 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 $2.88 billion. As a group, analysts forecast that Expedia Group, Inc. will post 9.7 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on EXPE. BMO Capital Markets lowered shares of Expedia Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $165.00 to $145.00 in a report on Friday, May 3rd. Mizuho lowered their target price on Expedia Group from $140.00 to $135.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Wedbush reduced their price target on Expedia Group from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. TD Cowen lowered their price objective on Expedia Group from $165.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Finally, DA Davidson restated a “neutral” rating and set a $135.00 target price (down previously from $152.00) on shares of Expedia Group in a report on Friday, May 3rd. Sixteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $149.12.

Insider Buying and Selling

In related news, CAO Lance A. Soliday sold 5,119 shares of Expedia Group stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total value of $702,377.99. Following the completion of the sale, the chief accounting officer now owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.07% of the stock is currently owned by corporate insiders.

About Expedia Group

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.