Sapient Capital LLC Takes $939,000 Position in Expedia Group, Inc. (NASDAQ:EXPE)

Sapient Capital LLC purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,189 shares of the online travel company’s stock, valued at approximately $939,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. City State Bank grew its position in Expedia Group by 157.3% during the 4th quarter. City State Bank now owns 193 shares of the online travel company’s stock worth $29,000 after acquiring an additional 118 shares during the last quarter. CVA Family Office LLC bought a new stake in Expedia Group during the 4th quarter worth $32,000. Parkside Financial Bank & Trust grew its position in Expedia Group by 173.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock worth $35,000 after acquiring an additional 218 shares during the last quarter. MV Capital Management Inc. lifted its holdings in Expedia Group by 335.6% during the 4th quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock worth $48,000 after buying an additional 245 shares during the period. Finally, Bruce G. Allen Investments LLC acquired a new position in Expedia Group during the 4th quarter worth about $65,000. Institutional investors own 90.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on EXPE shares. BMO Capital Markets downgraded Expedia Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $165.00 to $145.00 in a report on Friday. DA Davidson reaffirmed a “neutral” rating and set a $135.00 target price (down from $152.00) on shares of Expedia Group in a report on Friday. Royal Bank of Canada cut their target price on Expedia Group from $155.00 to $140.00 and set a “sector perform” rating on the stock in a report on Friday. Evercore ISI cut their target price on Expedia Group from $190.00 to $175.00 and set an “outperform” rating on the stock in a report on Friday. Finally, StockNews.com raised Expedia Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Fifteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Expedia Group has a consensus rating of “Hold” and a consensus target price of $148.08.

Expedia Group Stock Down 15.3 %

EXPE traded down $20.76 during midday trading on Friday, reaching $115.33. 13,956,064 shares of the company were exchanged, compared to its average volume of 1,820,841. 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 company’s fifty day moving average price is $133.81 and its 200 day moving average price is $134.96. The company has a market cap of $15.72 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 0.35 and a beta of 1.83. Expedia Group, Inc. has a one year low of $87.94 and a one year high of $160.05.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.10. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.88 billion. Expedia Group had a return on equity of 38.69% and a net margin of 6.18%. As a group, analysts expect that Expedia Group, Inc. will post 9.7 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 5,119 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.07% of the company’s stock.

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.