MV Capital Management Inc. Raises Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

MV Capital Management Inc. boosted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 64.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 523 shares of the online travel company’s stock after purchasing an additional 205 shares during the quarter. MV Capital Management Inc.’s holdings in Expedia Group were worth $72,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. University of Texas Texas AM Investment Managment Co. purchased a new position in shares of Expedia Group in the fourth quarter valued at approximately $26,000. City State Bank lifted 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 acquiring an additional 118 shares in the last quarter. CVA Family Office LLC purchased a new position in shares of Expedia Group in the fourth quarter worth about $32,000. Mather Group LLC. acquired a new position in Expedia Group during the first quarter worth about $52,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in Expedia Group during the 4th quarter valued at about $65,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Performance

Shares of EXPE stock opened at $122.86 on Wednesday. The firm has a 50 day moving average of $120.67 and a two-hundred day moving average of $134.09. The stock has a market capitalization of $16.74 billion, a PE ratio of 23.01, a P/E/G ratio of 0.47 and a beta of 1.78. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 2.93. Expedia Group, Inc. has a 52 week low of $92.48 and a 52 week high of $160.05.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, May 2nd. The online travel company reported ($0.39) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.96) by $0.57. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.80 billion. On average, research analysts predict that Expedia Group, Inc. will post 9.25 EPS for the current fiscal year.

Insider Activity

In related news, CAO Lance A. Soliday sold 544 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $113.38, for a total value of $61,678.72. Following the sale, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at $1,268,382.06. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CAO Lance A. Soliday sold 544 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $113.38, for a total value of $61,678.72. Following the transaction, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at $1,268,382.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Craig A. Jacobson sold 6,722 shares of Expedia Group stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total value of $757,636.62. Following the sale, the director now directly owns 32,620 shares of the company’s stock, valued at $3,676,600.20. The disclosure for this sale can be found here. Company insiders own 8.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on EXPE shares. HSBC lowered their target price on Expedia Group from $166.00 to $132.00 and set a “hold” rating on the stock in a report on Tuesday, May 7th. Evercore ISI cut their target price on Expedia Group from $190.00 to $175.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. BTIG Research lowered their price target on shares of Expedia Group from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, May 21st. Benchmark restated a “buy” rating and set a $180.00 price objective on shares of Expedia Group in a research report on Tuesday. Finally, Susquehanna reiterated a “neutral” rating and issued a $125.00 target price on shares of Expedia Group in a report on Wednesday, May 15th. Sixteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $148.12.

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.