Cerity Partners LLC Acquires Shares of 15,864 Expedia Group, Inc. (NASDAQ:EXPE)

Cerity Partners LLC purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,864 shares of the online travel company’s stock, valued at approximately $2,408,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew 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 worth $3,159,605,000 after buying an additional 741,856 shares during the period. Boston Partners lifted its holdings in shares of Expedia Group by 1.3% in the third quarter. Boston Partners now owns 2,567,830 shares of the online travel company’s stock valued at $264,627,000 after purchasing an additional 32,191 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Expedia Group by 187.1% in 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 purchasing an additional 1,251,933 shares in the last quarter. Capital Wealth Alliance LLC purchased a new position in shares of Expedia Group during the second quarter valued at approximately $12,058,000. Finally, Northern Trust Corp increased its position in Expedia Group by 1.5% during the third quarter. Northern Trust Corp now owns 1,557,816 shares of the online travel company’s stock worth $160,564,000 after purchasing an additional 22,518 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on EXPE shares. JPMorgan Chase & Co. upped their price target on shares of Expedia Group from $115.00 to $136.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Ascendiant Capital Markets upped their price target on shares of Expedia Group from $133.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, December 29th. Wedbush reaffirmed a “neutral” rating and set a $130.00 price target on shares of Expedia Group in a research report on Thursday. Jefferies Financial Group dropped their price objective 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. Finally, Bank of America lowered shares of Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 price objective for the company. in a research report on Friday, February 9th. Thirteen investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $149.12.

Insider Buying and Selling at Expedia Group

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

Expedia Group Trading Down 0.3 %

NASDAQ EXPE opened at $128.30 on Friday. Expedia Group, Inc. has a 12 month low of $87.94 and a 12 month high of $160.05. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market capitalization of $17.49 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 0.39 and a beta of 1.86. The company’s fifty day moving average price is $134.42 and its two-hundred day moving average price is $132.52.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, beating 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 firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. As a group, research analysts predict that Expedia Group, Inc. will post 9.74 earnings per share for the current fiscal year.

Expedia Group 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.