Fifth Third Bancorp Sells 122 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Fifth Third Bancorp lessened its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,866 shares of the online travel company’s stock after selling 122 shares during the period. Fifth Third Bancorp’s holdings in Expedia Group were worth $1,093,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Grove Bank & Trust boosted its stake in Expedia Group by 676.2% during the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock worth $30,000 after acquiring an additional 142 shares in the last quarter. Venturi Wealth Management LLC increased its position 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 valued at $49,000 after buying an additional 291 shares in the last quarter. Brooklyn Investment Group purchased a new position in Expedia Group during the third quarter valued at $51,000. Future Financial Wealth Managment LLC bought a new stake in Expedia Group in the third quarter worth $74,000. Finally, UMB Bank n.a. grew 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 worth $91,000 after acquiring an additional 63 shares during the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on EXPE. Susquehanna lifted their price target on Expedia Group from $145.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. StockNews.com upgraded shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 14th. BTIG Research boosted their price objective on shares of Expedia Group from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Oppenheimer increased their target price on Expedia Group from $155.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Bank of America upgraded Expedia Group from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $187.00 to $221.00 in a research note on Wednesday, December 18th. 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $177.75.

Insider Transactions at Expedia Group

In other Expedia Group news, 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 transaction of $1,273,930.00. Following the completion of the transaction, the chief accounting officer now owns 11,187 shares in the company, valued at $2,035,922.13. This trade represents a 38.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Friday, November 1st. The stock was sold at an average price of $156.87, for a total transaction of $1,568,700.00. Following the completion of the transaction, the director now directly owns 188,505 shares of the company’s stock, valued at $29,570,779.35. The trade was a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,951 shares of company stock valued at $5,045,310. 6.80% of the stock is currently owned by insiders.

Expedia Group Stock Down 0.3 %

Shares of EXPE opened at $171.27 on Thursday. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $192.34. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $21.98 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 0.78 and a beta of 1.83. The business’s 50 day moving average is $183.93 and its 200 day moving average is $158.53.

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 analysts’ consensus estimates of $5.42 by ($0.24). The company had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4.11 billion. Expedia Group had a return on equity of 49.25% and a net margin of 7.97%. During the same quarter in the prior year, the company posted $4.85 EPS. Research analysts expect that Expedia Group, Inc. will post 8.76 earnings per share for the current fiscal 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.