Perigon Wealth Management LLC Invests $251,000 in Expedia Group, Inc. (NASDAQ:EXPE)

Perigon Wealth Management LLC purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,331 shares of the online travel company’s stock, valued at approximately $251,000.

Several other hedge funds and other institutional investors have also modified their holdings of EXPE. Hantz Financial Services Inc. raised its stake in shares of Expedia Group by 2.1% in the third quarter. Hantz Financial Services Inc. now owns 2,980 shares of the online travel company’s stock valued at $441,000 after acquiring an additional 62 shares in the last quarter. Empirical Finance LLC raised its stake in shares of Expedia Group by 1.3% in the third quarter. Empirical Finance LLC now owns 4,754 shares of the online travel company’s stock valued at $704,000 after acquiring an additional 63 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Expedia Group by 14.8% in the fourth quarter. UMB Bank n.a. now owns 489 shares of the online travel company’s stock valued at $91,000 after acquiring an additional 63 shares in the last quarter. Venture Visionary Partners LLC raised its stake in shares of Expedia Group by 0.6% in the third quarter. Venture Visionary Partners LLC now owns 11,367 shares of the online travel company’s stock valued at $1,683,000 after acquiring an additional 64 shares in the last quarter. Finally, GHE LLC raised its stake in Expedia Group by 1.0% in the third quarter. GHE LLC now owns 6,689 shares of the online travel company’s stock valued at $980,000 after buying an additional 69 shares in the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Trading Down 0.6 %

Shares of Expedia Group stock opened at $170.95 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. The firm has a market cap of $21.94 billion, a PE ratio of 22.00, a P/E/G ratio of 0.77 and a beta of 1.83. The business’s fifty day moving average is $183.26 and its two-hundred day moving average is $159.11. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $192.34.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, November 7th. The online travel company reported $5.18 earnings per share for the quarter, missing the consensus estimate of $5.42 by ($0.24). The firm had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Expedia Group had a return on equity of 49.25% and a net margin of 7.97%. During the same period last year, the business posted $4.85 earnings per share. Analysts anticipate that Expedia Group, Inc. will post 8.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EXPE. Jefferies Financial Group raised their price target on Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Wedbush lifted their target price on Expedia Group from $130.00 to $180.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Cantor Fitzgerald cut their target price on Expedia Group from $190.00 to $180.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Morgan Stanley lifted their target price on Expedia Group from $180.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Finally, Benchmark lifted their target price on Expedia Group from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Twenty research analysts have rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Expedia Group presently has a consensus rating of “Hold” and an average price target of $177.75.

Insider Buying and Selling

In related news, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $180.00, for a total value of $351,180.00. Following the transaction, the insider now directly owns 85,250 shares of the company’s stock, valued at approximately $15,345,000. This trade represents a 2.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $181.99, for a total value of $1,273,930.00. Following the completion of the sale, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at approximately $2,035,922.13. This represents a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,951 shares of company stock valued at $3,476,610. 6.80% of the stock is currently owned by company 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.