Commonwealth Equity Services LLC Raises Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Commonwealth Equity Services LLC boosted its position in Expedia Group, Inc. (NASDAQ:EXPE) by 4.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 34,992 shares of the online travel company’s stock after purchasing an additional 1,587 shares during the period. Commonwealth Equity Services LLC’s holdings in Expedia Group were worth $4,409,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Partners LLC boosted its stake in Expedia Group by 4,525.0% in the first quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock worth $25,000 after buying an additional 181 shares in the last quarter. University of Texas Texas AM Investment Managment Co. bought a new stake in Expedia Group in the fourth quarter valued at approximately $26,000. Innealta Capital LLC bought a new stake in Expedia Group in the second quarter valued at approximately $27,000. Blue Trust Inc. lifted its position in Expedia Group by 93.8% in the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock valued at $30,000 after purchasing an additional 105 shares during the last quarter. Finally, Crewe Advisors LLC bought a new stake in Expedia Group in the first quarter valued at approximately $40,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Truist Financial assumed coverage on Expedia Group in a research report on Friday. They issued a “hold” rating and a $148.00 price objective for the company. BTIG Research cut their target price on Expedia Group from $175.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, May 21st. Piper Sandler reissued a “neutral” rating and issued a $140.00 target price (down from $145.00) on shares of Expedia Group in a research note on Friday, August 9th. Citigroup increased their target price on Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Finally, DA Davidson reissued a “neutral” rating and issued a $135.00 target price on shares of Expedia Group in a research note on Friday, August 9th. Eighteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $148.00.

Insider Transactions at Expedia Group

In other news, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the transaction, the insider now owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Robert J. Dzielak sold 12,602 shares of Expedia Group stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the sale, the insider now owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 5,417 shares of Expedia Group stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $134.60, for a total value of $729,128.20. Following the sale, the insider now directly owns 84,543 shares in the company, valued at approximately $11,379,487.80. The disclosure for this sale can be found here. Corporate insiders own 8.07% of the company’s stock.

Expedia Group Stock Down 2.2 %

NASDAQ EXPE opened at $132.26 on Monday. The stock’s 50-day moving average price is $129.93 and its 200-day moving average price is $127.99. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45. Expedia Group, Inc. has a 52 week low of $92.48 and a 52 week high of $160.05. The company has a market capitalization of $18.03 billion, a P/E ratio of 24.77, a price-to-earnings-growth ratio of 0.55 and a beta of 1.79.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 EPS for the quarter, topping the consensus estimate of $3.17 by $0.34. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The firm had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter last year, the company earned $2.34 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts predict that Expedia Group, Inc. will post 8.91 earnings per share for the current year.

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.