Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp trimmed its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 37.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 107,006 shares of the online travel company’s stock after selling 63,446 shares during the period. Mackenzie Financial Corp’s holdings in Expedia Group were worth $16,242,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPE. Lecap Asset Management Ltd. purchased a new position in shares of Expedia Group during the 4th quarter worth about $494,000. Louisiana State Employees Retirement System purchased a new position in Expedia Group during the fourth quarter worth approximately $1,229,000. MV Capital Management Inc. boosted its holdings in shares of Expedia Group by 335.6% in the 4th quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock valued at $48,000 after purchasing an additional 245 shares during the last quarter. Simplicity Solutions LLC purchased a new stake in shares of Expedia Group during the 4th quarter valued at $293,000. Finally, MRP Capital Investments LLC increased its holdings in shares of Expedia Group by 7.1% during the 4th quarter. MRP Capital Investments LLC now owns 9,720 shares of the online travel company’s stock worth $1,475,000 after buying an additional 645 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Performance

Shares of EXPE stock 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 firm 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 business has a 50 day simple moving average of $134.42 and a 200 day simple moving average of $132.52.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results 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. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. Expedia Group had a return on equity of 35.79% and a net margin of 6.21%. On average, equities research analysts anticipate that Expedia Group, Inc. will post 9.74 EPS for the current year.

Insider Activity

In related news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CAO Lance A. Soliday sold 5,119 shares of Expedia Group 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 transaction, the chief accounting officer now directly owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s 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 directly owns 216,521 shares of the company’s stock, valued at $32,486,810.84. The disclosure for this sale can be found here. Insiders own 8.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on EXPE shares. BMO Capital Markets started coverage on Expedia Group in a research report on Tuesday, January 9th. They set an “outperform” rating and a $181.00 price target for the company. JPMorgan Chase & Co. raised their target price 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. Jefferies Financial Group decreased their target price on Expedia Group from $150.00 to $145.00 and set a “hold” rating for the company in a research report on Tuesday, March 19th. Bank of America lowered Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 price target on the stock. in a research report on Friday, February 9th. Finally, Benchmark raised their price target on shares of Expedia Group from $160.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Thirteen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Expedia Group has a consensus rating of “Moderate Buy” and an average price target of $149.12.

About Expedia Group

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.