Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC decreased its position in Expedia Group, Inc. (NASDAQ:EXPE) by 61.9% during the 4th quarter, Holdings Channel reports. The fund owned 6,542 shares of the online travel company’s stock after selling 10,609 shares during the quarter. Cresset Asset Management LLC’s holdings in Expedia Group were worth $1,219,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. SRH Advisors LLC acquired a new stake in Expedia Group in the fourth quarter valued at approximately $28,000. Sava Infond d.o.o. acquired a new stake in Expedia Group during the fourth quarter worth approximately $28,000. Grove Bank & Trust raised its holdings 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 purchasing an additional 142 shares in the last quarter. Prudent Man Investment Management Inc. acquired a new stake in Expedia Group during the fourth quarter worth approximately $34,000. Finally, Optiver Holding B.V. acquired a new stake in Expedia Group during the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on EXPE shares. Truist Financial raised their price objective on shares of Expedia Group from $163.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, March 12th. Citigroup raised their price objective on shares of Expedia Group from $200.00 to $217.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Wells Fargo & Company raised their price objective on shares of Expedia Group from $143.00 to $149.00 and gave the stock an “equal weight” rating in a report on Friday. Cantor Fitzgerald reissued a “neutral” rating and set a $210.00 price objective (up previously from $180.00) on shares of Expedia Group in a report on Friday, February 7th. Finally, DA Davidson raised their price objective on shares of Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. One equities research 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $189.04.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the sale, the insider now directly owns 74,502 shares in the company, valued at approximately $15,325,061.40. The trade was a 6.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.80% of the company’s stock.

Expedia Group Stock Performance

Shares of EXPE opened at $156.55 on Monday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. The stock 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’s fifty day moving average is $161.69 and its two-hundred day moving average is $175.85. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $207.73.

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

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.