Miracle Mile Advisors LLC Invests $457,000 in Expedia Group, Inc. (NASDAQ:EXPE)

Miracle Mile Advisors LLC purchased a new position in Expedia Group, Inc. (NASDAQ:EXPE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,454 shares of the online travel company’s stock, valued at approximately $457,000.

Several other institutional investors also recently added to or reduced their stakes in EXPE. Venturi Wealth Management LLC increased its holdings in Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after purchasing an additional 291 shares during the period. Brooklyn Investment Group bought a new stake in shares of Expedia Group in the third quarter valued at about $51,000. Future Financial Wealth Managment LLC purchased a new stake in Expedia Group in the third quarter worth about $74,000. Versant Capital Management Inc grew its holdings in Expedia Group by 299.3% during the 4th quarter. Versant Capital Management Inc now owns 559 shares of the online travel company’s stock worth $104,000 after acquiring an additional 419 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in Expedia Group during the 3rd quarter worth about $118,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Insider Buying and Selling at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $156.87, for a total transaction of $1,568,700.00. Following the sale, the director now owns 188,505 shares of the company’s stock, valued at $29,570,779.35. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Dzielak sold 1,951 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total transaction of $351,180.00. Following the completion of the transaction, the insider now owns 85,250 shares of the company’s stock, valued at approximately $15,345,000. This represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,951 shares of company stock worth $5,045,310. Insiders own 6.80% of the company’s stock.

Expedia Group Trading Up 1.8 %

Shares of Expedia Group stock opened at $186.52 on Thursday. The stock has a market cap of $23.94 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 1.03 and a beta of 1.83. The firm has a fifty day moving average price of $183.94 and a 200 day moving average price of $154.78. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $192.34. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73.

Analysts Set New Price Targets

EXPE has been the subject of several research reports. TD Cowen cut shares of Expedia Group from a “buy” rating to a “hold” rating and upped their price target for the stock from $130.00 to $150.00 in a research report on Wednesday, September 25th. Barclays upped their target price on Expedia Group from $153.00 to $166.00 and gave the stock an “equal weight” rating in a report on Monday. Melius upgraded Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 price target on the stock in a report on Monday, January 6th. Cantor Fitzgerald reissued a “neutral” rating and issued a $130.00 price target on shares of Expedia Group in a research report on Monday, October 7th. Finally, The Goldman Sachs Group raised their price objective on Expedia Group from $208.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Twenty research analysts have rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $175.64.

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.