Moody National Bank Trust Division cut its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) by 12.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,217 shares of the online travel company’s stock after selling 1,010 shares during the period. Moody National Bank Trust Division’s holdings in Expedia Group were worth $1,412,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EXPE. Allspring Global Investments Holdings LLC bought a new stake in Expedia Group during the fourth quarter worth $340,250,000. Third Point LLC bought a new stake in Expedia Group during the fourth quarter worth $236,266,000. D1 Capital Partners L.P. lifted its stake in Expedia Group by 10.5% during the fourth quarter. D1 Capital Partners L.P. now owns 12,683,542 shares of the online travel company’s stock worth $2,292,170,000 after purchasing an additional 1,200,900 shares during the last quarter. BlackRock Inc. lifted its stake in Expedia Group by 4.8% during the fourth quarter. BlackRock Inc. now owns 10,220,557 shares of the online travel company’s stock worth $1,847,057,000 after purchasing an additional 469,338 shares during the last quarter. Finally, Artemis Investment Management LLP lifted its stake in Expedia Group by 304.4% during the fourth quarter. Artemis Investment Management LLP now owns 591,362 shares of the online travel company’s stock worth $106,787,000 after purchasing an additional 445,123 shares during the last quarter. Hedge funds and other institutional investors own 96.08% of the company’s stock.
Shares of Expedia Group stock opened at $97.14 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.16. The business has a 50-day moving average price of $138.85 and a two-hundred day moving average price of $168.27. Expedia Group, Inc. has a 1-year low of $95.65 and a 1-year high of $217.72. The company has a market cap of $15.26 billion, a P/E ratio of 83.74, a PEG ratio of 1.37 and a beta of 1.53.
Several equities research analysts have weighed in on EXPE shares. JMP Securities restated a “mkt perform” rating on shares of Expedia Group in a research note on Wednesday. The Goldman Sachs Group dropped their price target on Expedia Group from $206.00 to $173.00 and set a “buy” rating for the company in a research note on Thursday, June 9th. DA Davidson increased their price target on Expedia Group from $167.00 to $195.00 and gave the company a “neutral” rating in a research note on Tuesday, May 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a $205.00 price target on shares of Expedia Group in a research note on Tuesday, May 3rd. Finally, Ascendiant Capital Markets set a $202.00 price target on Expedia Group in a research note on Monday. Twelve equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Expedia Group currently has an average rating of “Moderate Buy” and an average price target of $200.44.
In other news, CAO Lance A. Soliday sold 376 shares of the firm’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $124.12, for a total value of $46,669.12. Following the completion of the sale, the chief accounting officer now directly owns 8,949 shares in the company, valued at approximately $1,110,749.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dara Khosrowshahi sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $200.00, for a total value of $1,000,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,376 shares of company stock valued at $6,741,869. 5.00% of the stock is currently owned by company insiders.
About Expedia Group (Get Rating)
Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio include Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, and CheapTickets travel websites; ebookers, an online EMEA travel agent for travelers an array of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental booking service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.
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