Wright Investors Service Inc. Purchases Shares of 4,193 Expedia Group, Inc. (NASDAQ:EXPE)

Wright Investors Service Inc. purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 4,193 shares of the online travel company’s stock, valued at approximately $636,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of EXPE. Harbor Capital Advisors Inc. boosted its stake 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 worth $773,000 after purchasing an additional 75 shares during the period. Harbour Investments Inc. boosted its stake in shares of Expedia Group by 25.6% during the 3rd quarter. Harbour Investments Inc. now owns 398 shares of the online travel company’s stock worth $41,000 after purchasing an additional 81 shares during the period. Nilsine Partners LLC boosted its position in Expedia Group by 1.7% in the 4th 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 period. IHT Wealth Management LLC boosted its position in Expedia Group by 3.2% in the 2nd quarter. IHT Wealth Management LLC now owns 3,194 shares of the online travel company’s stock valued at $349,000 after buying an additional 100 shares during the period. Finally, Wetherby Asset Management Inc. boosted its position in Expedia Group by 3.9% in the 1st quarter. Wetherby Asset Management Inc. now owns 2,694 shares of the online travel company’s stock valued at $527,000 after buying an additional 100 shares during the period. 90.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Benchmark boosted their price objective on shares of Expedia Group from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. BMO Capital Markets assumed coverage on shares of Expedia Group in a report on Tuesday, January 9th. They issued an “outperform” rating and a $181.00 price target for the company. Ascendiant Capital Markets boosted their price target on shares of Expedia Group from $133.00 to $168.00 and gave the company a “buy” rating in a report on Friday, December 29th. Wedbush restated a “neutral” rating and issued a $130.00 price target on shares of Expedia Group in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Expedia Group from $115.00 to $136.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $149.12.

Insider Transactions at Expedia Group

In other news, CAO Lance A. Soliday sold 5,119 shares of the stock in a transaction dated 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 directly 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 SEC, which is available at this hyperlink. In other news, CAO Lance A. Soliday sold 5,119 shares of the stock in a transaction dated 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 directly 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 SEC, which is available at this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the 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 directly owns 216,521 shares in the company, valued at $32,486,810.84. The disclosure for this sale can be found here. Corporate insiders own 8.07% of the company’s stock.

Expedia Group Stock Down 0.3 %

EXPE stock opened at $128.30 on Friday. The firm’s fifty day simple moving average is $134.42 and its 200-day simple moving average is $132.52. The company has a market capitalization of $17.49 billion, a P/E ratio of 23.85, a price-to-earnings-growth ratio of 0.39 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, Inc. has a 12 month low of $87.94 and a 12 month high of $160.05.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.10. Expedia Group had a net margin of 6.21% and a return on equity of 35.79%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. As a group, equities research analysts forecast that Expedia Group, Inc. will post 9.74 earnings per share 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.