Dover Advisors LLC Decreases Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Dover Advisors LLC decreased its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 23.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,984 shares of the online travel company’s stock after selling 1,883 shares during the quarter. Expedia Group accounts for approximately 1.2% of Dover Advisors LLC’s holdings, making the stock its 29th biggest position. Dover Advisors LLC’s holdings in Expedia Group were worth $908,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Boston Partners grew its stake in shares of Expedia Group by 1.3% during the 3rd quarter. Boston Partners now owns 2,567,830 shares of the online travel company’s stock valued at $264,627,000 after purchasing an additional 32,191 shares during the period. Northern Trust Corp grew its stake in shares of Expedia Group by 1.5% during the 3rd quarter. Northern Trust Corp now owns 1,557,816 shares of the online travel company’s stock valued at $160,564,000 after acquiring an additional 22,518 shares during the period. Clearbridge Investments LLC grew its stake in shares of Expedia Group by 2.0% during the 3rd quarter. Clearbridge Investments LLC now owns 949,423 shares of the online travel company’s stock valued at $97,857,000 after acquiring an additional 18,471 shares during the period. AQR Capital Management LLC grew its stake in shares of Expedia Group by 7.9% during the 3rd quarter. AQR Capital Management LLC now owns 769,665 shares of the online travel company’s stock valued at $79,329,000 after acquiring an additional 56,186 shares during the period. Finally, Equity Investment Corp grew its stake in shares of Expedia Group by 2.6% during the 3rd quarter. Equity Investment Corp now owns 698,366 shares of the online travel company’s stock valued at $71,981,000 after acquiring an additional 17,727 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Insider Transactions at Expedia Group

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EXPE shares. JPMorgan Chase & Co. boosted their price objective on Expedia Group from $115.00 to $136.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $155.00 price target on shares of Expedia Group in a research note on Friday, February 9th. Oppenheimer restated an “outperform” rating and issued a $175.00 price target on shares of Expedia Group in a research note on Monday, February 5th. The Goldman Sachs Group upped 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. Finally, Bank of America cut Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 price objective on the stock. in a report on Friday, February 9th. Thirteen investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $149.12.

Expedia Group Trading Down 0.4 %

EXPE stock traded down $0.55 during midday trading on Friday, reaching $135.70. The company’s stock had a trading volume of 1,412,722 shares, compared to its average volume of 1,680,016. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a fifty day simple moving average of $134.32 and a two-hundred day simple moving average of $134.37. Expedia Group, Inc. has a 1 year low of $87.94 and a 1 year high of $160.05. The firm has a market capitalization of $18.49 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 0.42 and a beta of 1.86.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share 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 business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. On average, equities research analysts predict that Expedia Group, Inc. will post 9.71 EPS 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.