US Bancorp DE Boosts Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

US Bancorp DE lifted its position in shares of Expedia Group, Inc. (NASDAQ:EXPEGet Rating) by 39.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,503 shares of the online travel company’s stock after purchasing an additional 2,137 shares during the period. US Bancorp DE’s holdings in Expedia Group were worth $704,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EXPE. Raymond James Trust N.A. lifted its holdings 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 worth $267,000 after buying an additional 204 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Expedia Group by 6.2% in the first quarter. Dimensional Fund Advisors LP now owns 301,932 shares of the online travel company’s stock worth $59,077,000 after buying an additional 17,680 shares during the period. Blair William & Co. IL lifted its holdings in Expedia Group by 16.1% in the first quarter. Blair William & Co. IL now owns 6,052 shares of the online travel company’s stock worth $1,184,000 after buying an additional 838 shares during the period. Prudential PLC purchased a new stake in Expedia Group in the first quarter worth about $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 worth $734,000 after buying an additional 1,265 shares during the period. 89.89% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Trading Up 4.0 %

Shares of Expedia Group stock opened at $111.30 on Friday. The company’s fifty day simple moving average is $95.85 and its 200-day simple moving average is $98.40. The stock has a market capitalization of $17.37 billion, a PE ratio of 40.77, a P/E/G ratio of 1.10 and a beta of 1.56. Expedia Group, Inc. has a 1-year low of $82.39 and a 1-year high of $217.72. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.83 and a quick ratio of 0.83.

Expedia Group (NASDAQ:EXPEGet Rating) last issued its quarterly earnings results on Thursday, November 3rd. The online travel company reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.05. The business had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.55 billion. Expedia Group had a net margin of 4.95% and a return on equity of 24.05%. As a group, equities analysts anticipate that Expedia Group, Inc. will post 5.66 earnings per share for the current year.

Insider Transactions at Expedia Group

In related news, CAO Lance A. Soliday sold 635 shares of Expedia Group stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $100.18, for a total transaction of $63,614.30. Following the transaction, the chief accounting officer now owns 8,949 shares in the company, valued at approximately $896,510.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 7.52% of the company’s stock.

Analyst Upgrades and Downgrades

EXPE has been the subject of several research analyst reports. Citigroup lowered their price objective on shares of Expedia Group from $118.00 to $102.00 and set a “neutral” rating for the company in a report on Tuesday, November 8th. Oppenheimer raised shares of Expedia Group from a “market perform” rating to an “outperform” rating and set a $120.00 target price for the company in a research note on Wednesday, January 11th. Wells Fargo & Company decreased their target price on shares of Expedia Group from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Thursday. Mizuho decreased their target price on shares of Expedia Group from $132.00 to $102.00 and set a “neutral” rating for the company in a research note on Friday, November 4th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Expedia Group from $130.00 to $135.00 in a research note on Friday, November 4th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Expedia Group presently has a consensus rating of “Hold” and a consensus target price of $145.28.

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.

See Also

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

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