Comerica Bank Cuts Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Comerica Bank decreased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPEGet Rating) by 8.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,584 shares of the online travel company’s stock after selling 2,362 shares during the quarter. Comerica Bank’s holdings in Expedia Group were worth $2,357,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of EXPE. Raymond James Trust N.A. lifted its position in Expedia Group by 17.6% in the first quarter. Raymond James Trust N.A. now owns 1,364 shares of the online travel company’s stock valued at $267,000 after purchasing an additional 204 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Expedia Group by 6.2% during the first quarter. Dimensional Fund Advisors LP now owns 301,932 shares of the online travel company’s stock valued at $59,077,000 after purchasing an additional 17,680 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of Expedia Group by 16.1% during the first quarter. Blair William & Co. IL now owns 6,052 shares of the online travel company’s stock valued at $1,184,000 after purchasing an additional 838 shares in the last quarter. Prudential PLC bought a new position in shares of Expedia Group during the first quarter valued at $397,000. Finally, Cetera Investment Advisers lifted its holdings in Expedia Group by 50.9% in the first quarter. Cetera Investment Advisers now owns 3,751 shares of the online travel company’s stock valued at $734,000 after acquiring an additional 1,265 shares during the period. Institutional investors own 89.89% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 635 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $100.18, for a total value of $63,614.30. Following the sale, the chief accounting officer now directly owns 8,949 shares of the company’s stock, valued at $896,510.82. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 7.52% of the company’s stock.

Expedia Group Stock Performance

Shares of NASDAQ EXPE opened at $103.87 on Thursday. Expedia Group, Inc. has a 1 year low of $82.39 and a 1 year high of $217.72. The stock has a fifty day moving average price of $95.52 and a two-hundred day moving average price of $98.24. The firm has a market cap of $16.21 billion, a P/E ratio of 38.05, a PEG ratio of 1.10 and a beta of 1.56. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.83 and a current ratio of 0.83.

Expedia Group (NASDAQ:EXPEGet Rating) last released its earnings results on Thursday, November 3rd. The online travel company reported $3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.05. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.55 billion. Expedia Group had a return on equity of 24.05% and a net margin of 4.95%. Research analysts forecast that Expedia Group, Inc. will post 5.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. DA Davidson decreased their price objective on Expedia Group from $122.00 to $108.00 in a research note on Monday, December 12th. StockNews.com raised Expedia Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 5th. Oppenheimer raised Expedia Group from a “market perform” rating to an “outperform” rating and set a $120.00 price objective for the company in a research note on Wednesday, January 11th. Cowen decreased their price target on Expedia Group from $134.00 to $120.00 in a research note on Friday, November 4th. Finally, Morgan Stanley decreased their target price on Expedia Group from $128.00 to $120.00 and set an “equal weight” rating for the company in a research report on Monday, October 24th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Expedia Group has an average rating of “Hold” and an average price target of $145.79.

Expedia Group Profile

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Expedia Group, Inc is an online travel company, which engages in the provision of travel products and services to leisure and corporate travelers. It operates through the following business segments: Retail, B2B and trivago. The Retail segment provides a full range of travel and advertising services to worldwide customers through a variety of consumer brands including: Expedia.com and Hotels.com.

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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