Stevens Capital Management LP Makes New Investment in Expedia Group, Inc. (NASDAQ:EXPE)

Stevens Capital Management LP purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,212 shares of the online travel company’s stock, valued at approximately $1,702,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. City State Bank increased its stake in shares of Expedia Group by 157.3% during the 4th 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 during the last quarter. CVA Family Office LLC purchased a new stake in Expedia Group during the fourth quarter valued at about $32,000. MV Capital Management Inc. increased its position in Expedia Group by 335.6% during the 4th quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock worth $48,000 after purchasing an additional 245 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Expedia Group by 173.0% during the third quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock worth $35,000 after purchasing an additional 218 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Expedia Group by 79.7% in the third quarter. UMB Bank n.a. now owns 354 shares of the online travel company’s stock valued at $36,000 after buying an additional 157 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EXPE. Bank of America lowered shares of Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 price objective on the stock. in a research note on Friday, February 9th. The Goldman Sachs Group boosted their price target on Expedia Group from $155.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. Oppenheimer restated an “outperform” rating and set a $175.00 price objective on shares of Expedia Group in a report on Monday, February 5th. JPMorgan Chase & Co. increased their target price on Expedia Group from $115.00 to $136.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Finally, Benchmark lifted their price target on shares of Expedia Group from $160.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Thirteen investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $149.12.

Expedia Group Stock Performance

Shares of Expedia Group stock traded down $0.55 during trading hours on Friday, hitting $135.70. 1,411,749 shares of the company’s stock traded hands, compared to its average volume of 2,409,765. Expedia Group, Inc. has a 12-month low of $87.94 and a 12-month high of $160.05. The company has a fifty day simple moving average of $134.31 and a 200-day simple moving average of $133.68. The stock has a market capitalization of $18.49 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 0.42 and a beta of 1.86. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.78 and a quick ratio of 0.78.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.10. Expedia Group had a return on equity of 35.79% and a net margin of 6.21%. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.88 billion. Equities research analysts anticipate that Expedia Group, Inc. will post 9.71 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Lance A. Soliday sold 5,119 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total transaction of $702,377.99. Following the completion of the transaction, the chief accounting officer now owns 10,880 shares in the company, valued at $1,492,844.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CAO Lance A. Soliday sold 5,119 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total transaction of $702,377.99. Following the sale, the chief accounting officer now owns 10,880 shares in the company, valued at approximately $1,492,844.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $150.04, for a total transaction of $1,500,400.00. Following the transaction, the director now directly owns 216,521 shares of the company’s stock, valued at approximately $32,486,810.84. The disclosure for this sale can be found here. 8.07% of the stock is owned by insiders.

Expedia Group Company 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.