Citizens Business Bank Decreases Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Citizens Business Bank lowered its position in Expedia Group, Inc. (NASDAQ:EXPE) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,733 shares of the online travel company’s stock after selling 1,041 shares during the period. Expedia Group makes up about 1.1% of Citizens Business Bank’s portfolio, making the stock its 28th largest position. Citizens Business Bank’s holdings in Expedia Group were worth $4,665,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXPE. Harbor Capital Advisors Inc. lifted its holdings in shares of Expedia Group by 1.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 5,090 shares of the online travel company’s stock valued at $773,000 after purchasing an additional 75 shares during the last quarter. Nilsine Partners LLC raised its stake in Expedia Group by 1.7% in the fourth quarter. Nilsine Partners LLC now owns 5,725 shares of the online travel company’s stock valued at $869,000 after buying an additional 96 shares during the last quarter. Signaturefd LLC boosted its holdings in Expedia Group by 11.8% in the third quarter. Signaturefd LLC now owns 1,017 shares of the online travel company’s stock worth $105,000 after acquiring an additional 107 shares in the last quarter. Knights of Columbus Asset Advisors LLC grew its stake in shares of Expedia Group by 0.4% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 25,321 shares of the online travel company’s stock worth $3,843,000 after acquiring an additional 112 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Expedia Group by 22.6% during the fourth quarter. Allworth Financial LP now owns 629 shares of the online travel company’s stock valued at $95,000 after acquiring an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on EXPE shares. JPMorgan Chase & Co. boosted their target price on shares of Expedia Group from $115.00 to $136.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Royal Bank of Canada reissued a “sector perform” rating and issued a $155.00 target price on shares of Expedia Group in a research report on Friday, February 9th. BMO Capital Markets initiated coverage on Expedia Group in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $181.00 target price for the company. Jefferies Financial Group dropped their price target on Expedia Group from $150.00 to $145.00 and set a “hold” rating on the stock in a research note on Tuesday, March 19th. Finally, Benchmark raised their price objective on Expedia Group from $160.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $149.12.

Insider Buying and Selling

In related news, CAO Lance A. Soliday sold 5,119 shares of Expedia Group 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 sale, the chief accounting officer now directly owns 10,880 shares in the company, valued at approximately $1,492,844.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total value of $702,377.99. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on 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 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. Insiders own 8.07% of the company’s stock.

Expedia Group Price Performance

EXPE stock traded down $2.03 during mid-day trading on Tuesday, reaching $134.63. 2,096,201 shares of the company’s stock were exchanged, compared to its average volume of 2,404,229. The company has a market cap of $18.35 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 0.42 and a beta of 1.86. Expedia Group, Inc. has a 12-month low of $87.94 and a 12-month high of $160.05. The stock’s 50 day moving average is $134.35 and its 200 day moving average is $134.61. 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 released its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.10. The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Expedia Group had a net margin of 6.21% and a return on equity of 35.79%. On average, research analysts expect that Expedia Group, Inc. will post 9.71 EPS for the current year.

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.