Ellevest Inc. Reduces Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Ellevest Inc. lessened its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 2.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,363 shares of the online travel company’s stock after selling 76 shares during the quarter. Ellevest Inc.’s holdings in Expedia Group were worth $627,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EXPE. Fulton Bank N.A. bought a new stake in Expedia Group during the 4th quarter worth approximately $255,000. Harbor Capital Advisors Inc. raised its position in shares of Expedia Group by 2.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 5,251 shares of the online travel company’s stock worth $978,000 after buying an additional 130 shares in the last quarter. Czech National Bank boosted its stake in Expedia Group by 5.0% during the fourth quarter. Czech National Bank now owns 26,664 shares of the online travel company’s stock valued at $4,968,000 after buying an additional 1,271 shares during the period. Winthrop Advisory Group LLC bought a new stake in shares of Expedia Group during the 4th quarter valued at about $210,000. Finally, Fiduciary Alliance LLC purchased a new position in shares of Expedia Group during the fourth quarter worth about $450,000. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Stock Performance

Shares of Expedia Group stock opened at $156.55 on Friday. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $207.73. The firm has a market capitalization of $20.17 billion, a P/E ratio of 17.30, a P/E/G ratio of 0.92 and a beta of 1.62. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. The business has a fifty day simple moving average of $161.69 and a two-hundred day simple moving average of $175.63.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same period last year, the business earned $0.21 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis. On average, equities analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. UBS Group dropped their target price on shares of Expedia Group from $194.00 to $170.00 and set a “neutral” rating for the company in a research report on Monday, April 28th. DA Davidson upped their target price on shares of Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. The Goldman Sachs Group reduced their target price on Expedia Group from $219.00 to $183.00 and set a “buy” rating on the stock in a research note on Friday. HSBC raised Expedia Group from a “hold” rating to a “buy” rating and set a $215.00 price target for the company in a research note on Friday, February 7th. Finally, Bank of America increased their price objective on Expedia Group from $205.00 to $211.00 and gave the company a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $189.04.

Insider Activity at Expedia Group

In other news, insider Robert J. Dzielak sold 5,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the completion of the transaction, the insider now directly owns 74,502 shares in the company, valued at $15,325,061.40. This trade represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.80% of the stock is owned by corporate insiders.

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.