Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC lowered its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 6.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,778 shares of the online travel company’s stock after selling 446 shares during the quarter. SteelPeak Wealth LLC’s holdings in Expedia Group were worth $1,263,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXPE. Grove Bank & Trust grew its position in shares of Expedia Group by 676.2% in the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock valued at $30,000 after purchasing an additional 142 shares during the period. Venturi Wealth Management LLC lifted its stake in Expedia Group by 709.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after buying an additional 291 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Expedia Group in the 3rd quarter worth about $51,000. Future Financial Wealth Managment LLC purchased a new stake in Expedia Group during the 3rd quarter worth approximately $74,000. Finally, UMB Bank n.a. raised its holdings 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 valued at $91,000 after acquiring an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered Expedia Group from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Melius raised shares of Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 target price on the stock in a research note on Monday, January 6th. Susquehanna increased their target price on shares of Expedia Group from $145.00 to $190.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Wedbush boosted their price target on shares of Expedia Group from $130.00 to $180.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Oppenheimer increased their price objective on shares of Expedia Group from $155.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Twenty research analysts have rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $177.75.

Expedia Group Price Performance

EXPE opened at $171.27 on Thursday. The stock’s 50-day moving average price is $183.93 and its 200 day moving average price is $158.53. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $192.34. The firm has a market cap of $21.98 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 0.78 and a beta of 1.83. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, November 7th. The online travel company reported $5.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.42 by ($0.24). The business had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4.11 billion. Expedia Group had a return on equity of 49.25% and a net margin of 7.97%. During the same period in the prior year, the company posted $4.85 EPS. As a group, sell-side analysts expect that Expedia Group, Inc. will post 8.76 earnings per share for the current year.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 1,951 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total transaction of $351,180.00. Following the completion of the transaction, the insider now owns 85,250 shares in the company, valued at $15,345,000. The trade was a 2.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $156.87, for a total transaction of $1,568,700.00. Following the completion of the sale, the director now directly owns 188,505 shares in the company, valued at approximately $29,570,779.35. This represents a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,951 shares of company stock valued at $5,045,310 in the last 90 days. Company insiders own 6.80% of the company’s stock.

About Expedia Group

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.