Pacer Advisors Inc. Trims Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Pacer Advisors Inc. lowered its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 26.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,376,963 shares of the online travel company’s stock after selling 873,747 shares during the period. Expedia Group makes up approximately 1.0% of Pacer Advisors Inc.’s investment portfolio, making the stock its 24th largest position. Pacer Advisors Inc. owned 1.85% of Expedia Group worth $442,900,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Grove Bank & Trust lifted its position in shares of 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. Venturi Wealth Management LLC lifted its holdings in Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after buying an additional 291 shares in the last quarter. Brooklyn Investment Group purchased a new position in Expedia Group in the 3rd quarter valued at approximately $51,000. Future Financial Wealth Managment LLC acquired a new position in shares of Expedia Group in the third quarter worth $74,000. Finally, UMB Bank n.a. increased its position in shares of Expedia Group by 14.8% during the fourth quarter. UMB Bank n.a. now owns 489 shares of the online travel company’s stock worth $91,000 after acquiring an additional 63 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insider Activity at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $156.87, for a total transaction of $1,568,700.00. Following the completion of the transaction, the director now directly owns 188,505 shares of the company’s stock, valued at approximately $29,570,779.35. This represents a 5.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of Expedia Group stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the completion of the sale, the insider now owns 85,250 shares in the company, valued at approximately $15,345,000. This trade represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,951 shares of company stock worth $5,045,310 in the last three months. Insiders own 6.80% of the company’s stock.

Expedia Group Stock Performance

NASDAQ EXPE opened at $171.23 on Monday. The firm has a market cap of $21.98 billion, a P/E ratio of 22.04, a P/E/G ratio of 0.78 and a beta of 1.83. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $192.34. The business’s 50-day moving average price is $184.26 and its 200 day moving average price is $157.77. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, November 7th. The online travel company reported $5.18 earnings per share for the quarter, missing the consensus estimate of $5.42 by ($0.24). Expedia Group had a net margin of 7.97% and a return on equity of 49.25%. The company had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter last year, the business posted $4.85 earnings per share. On average, equities research analysts expect that Expedia Group, Inc. will post 8.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. The Goldman Sachs Group lifted their target price on Expedia Group from $208.00 to $236.00 and gave the company a “buy” rating in a report on Friday, January 10th. Argus boosted their price objective on Expedia Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. BTIG Research upped their target price on shares of Expedia Group from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $130.00 price target on shares of Expedia Group in a research note on Monday, October 7th. Finally, Melius Research raised shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Twenty analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $175.96.

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.