Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 17.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,815 shares of the online travel company’s stock after selling 11,879 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Expedia Group were worth $8,472,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. increased its position in Expedia Group by 1.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 5,090 shares of the online travel company’s stock worth $773,000 after purchasing an additional 75 shares during the last quarter. Harbour Investments Inc. increased its position in Expedia Group by 25.6% during the third quarter. Harbour Investments Inc. now owns 398 shares of the online travel company’s stock worth $41,000 after purchasing an additional 81 shares during the last quarter. Nilsine Partners LLC increased its position in Expedia Group by 1.7% during the fourth quarter. Nilsine Partners LLC now owns 5,725 shares of the online travel company’s stock worth $869,000 after purchasing an additional 96 shares during the last quarter. IHT Wealth Management LLC increased its position in Expedia Group by 3.2% during the second quarter. IHT Wealth Management LLC now owns 3,194 shares of the online travel company’s stock worth $349,000 after purchasing an additional 100 shares during the last quarter. Finally, Wetherby Asset Management Inc. increased its position in Expedia Group by 3.9% during the first quarter. Wetherby Asset Management Inc. now owns 2,694 shares of the online travel company’s stock worth $527,000 after purchasing an additional 100 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on EXPE. Mizuho lifted their price target on shares of Expedia Group from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Jefferies Financial Group dropped their price target on shares of Expedia Group from $150.00 to $145.00 and set a “hold” rating for the company in a research report on Tuesday, March 19th. Wells Fargo & Company lowered their price objective on shares of Expedia Group from $159.00 to $155.00 and set an “equal weight” rating for the company in a research note on Friday, February 9th. JPMorgan Chase & Co. raised their price objective on shares of Expedia Group from $115.00 to $136.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Finally, Benchmark raised their price objective on shares of Expedia Group from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $149.12.

Insiders Place Their Bets

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now owns 216,521 shares of the company’s stock, valued at $32,486,810.84. The transaction was disclosed in a filing 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 on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total value of $702,377.99. Following the transaction, the chief accounting officer now directly owns 10,880 shares of the company’s stock, valued at approximately $1,492,844.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on 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 transaction, the director now directly owns 216,521 shares in the company, valued at $32,486,810.84. The disclosure for this sale can be found here. 8.07% of the stock is owned by corporate insiders.

Expedia Group Stock Down 0.2 %

EXPE stock opened at $128.73 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.24. Expedia Group, Inc. has a twelve month low of $87.94 and a twelve month high of $160.05. The company’s 50 day moving average is $135.04 and its two-hundred day moving average is $132.55. The stock has a market cap of $17.54 billion, a P/E ratio of 23.93, a PEG ratio of 0.39 and a beta of 1.86.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.10. Expedia Group had a net margin of 6.21% and a return on equity of 35.79%. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Research analysts expect that Expedia Group, Inc. will post 9.74 earnings per share for the current fiscal year.

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.