Bleakley Financial Group LLC Invests $293,000 in Expedia Group, Inc. (NASDAQ:EXPE)

Bleakley Financial Group LLC purchased a new position in Expedia Group, Inc. (NASDAQ:EXPE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,929 shares of the online travel company’s stock, valued at approximately $293,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EXPE. Capital Wealth Alliance LLC purchased a new stake in Expedia Group during the second quarter valued at approximately $12,058,000. Norges Bank purchased a new stake in Expedia Group during the fourth quarter valued at approximately $118,582,000. Arrowstreet Capital Limited Partnership lifted its position in Expedia Group by 187.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,921,028 shares of the online travel company’s stock valued at $375,888,000 after acquiring an additional 1,251,933 shares during the last quarter. Vanguard Group Inc. lifted its position in Expedia Group by 4.8% during the first quarter. Vanguard Group Inc. now owns 16,147,624 shares of the online travel company’s stock valued at $3,159,605,000 after acquiring an additional 741,856 shares during the last quarter. Finally, Woodline Partners LP purchased a new stake in Expedia Group during the second quarter valued at approximately $57,322,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Down 1.4 %

EXPE stock opened at $128.65 on Tuesday. The firm has a market cap of $17.53 billion, a PE ratio of 23.91, a P/E/G ratio of 0.40 and a beta of 1.86. 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 firm’s fifty day moving average is $136.05 and its 200 day moving average is $132.40. Expedia Group, Inc. has a one year low of $87.94 and a one year high of $160.05.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.08 by $0.10. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. Expedia Group had a net margin of 6.21% and a return on equity of 35.79%. On average, research analysts forecast that Expedia Group, Inc. will post 9.74 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. StockNews.com raised shares of Expedia Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. Benchmark raised their price target on shares of Expedia Group from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. JPMorgan Chase & Co. raised their price target on shares of Expedia Group from $115.00 to $136.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Wells Fargo & Company decreased their price target on shares of Expedia Group from $159.00 to $155.00 and set an “equal weight” rating for the company in a report on Friday, February 9th. Finally, BTIG Research raised their price target on shares of Expedia Group from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, December 27th. Thirteen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Expedia Group presently has an average rating of “Moderate Buy” and an average target price of $149.12.

Insider Activity at Expedia Group

In other news, CAO Lance A. Soliday sold 5,119 shares of Expedia Group stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total value of $702,377.99. Following the sale, the chief accounting officer now owns 10,880 shares in the company, valued at $1,492,844.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CAO Lance A. Soliday sold 5,119 shares of Expedia Group stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total value of $702,377.99. Following the sale, the chief accounting officer now owns 10,880 shares in the company, valued at $1,492,844.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $150.04, for a total transaction of $1,500,400.00. Following the completion of the sale, the director now owns 216,521 shares in the company, valued at approximately $32,486,810.84. The disclosure for this sale can be found here. 8.07% of the stock is owned by company insiders.

Expedia Group Company 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.