Simplicity Solutions LLC Purchases Shares of 1,929 Expedia Group, Inc. (NASDAQ:EXPE)

Simplicity Solutions LLC purchased a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,929 shares of the online travel company’s stock, valued at approximately $293,000.

Other institutional investors have also added to or reduced their stakes in the company. Almanack Investment Partners LLC. purchased a new stake in Expedia Group during the third quarter valued at about $26,000. Clear Street Markets LLC boosted its holdings in shares of Expedia Group by 88.3% during the first quarter. Clear Street Markets LLC now owns 290 shares of the online travel company’s stock worth $28,000 after purchasing an additional 136 shares during the period. City State Bank boosted its holdings in shares of Expedia Group by 157.3% during the fourth quarter. City State Bank now owns 193 shares of the online travel company’s stock worth $29,000 after purchasing an additional 118 shares during the period. CVA Family Office LLC purchased a new stake in shares of Expedia Group during the fourth quarter worth about $32,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Expedia Group by 173.0% during the third quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock worth $35,000 after purchasing an additional 218 shares during the period. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Price Performance

Expedia Group stock opened at $129.00 on Friday. The stock has a market cap of $17.58 billion, a price-to-earnings ratio of 23.98, a price-to-earnings-growth ratio of 0.39 and a beta of 1.86. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.78 and a quick ratio of 0.78. Expedia Group, Inc. has a 1 year low of $87.94 and a 1 year high of $160.05. The firm has a 50-day moving average of $134.37 and a two-hundred day moving average of $132.95.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.10. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations 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 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EXPE has been the subject of a number of analyst reports. Wells Fargo & Company dropped their target price 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. Jefferies Financial Group decreased their target price on shares of Expedia Group from $150.00 to $145.00 and set a “hold” rating for the company in a research note on Tuesday, March 19th. Ascendiant Capital Markets raised their price target on shares of Expedia Group from $133.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, December 29th. JPMorgan Chase & Co. raised their price target on shares of Expedia Group from $115.00 to $136.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $155.00 price target on shares of Expedia Group 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $149.12.

Insider Buying and Selling

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the company’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 transaction, the director now owns 216,521 shares in the company, valued at approximately $32,486,810.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total transaction of $702,377.99. Following the transaction, the chief accounting officer now owns 10,880 shares in the company, valued at approximately $1,492,844.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’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 transaction, 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 currently owned by company insiders.

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.