New York Life Investment Management LLC Has $3 Million Position in Expedia Group, Inc. (NASDAQ:EXPE)

New York Life Investment Management LLC lessened its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 7.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,764 shares of the online travel company’s stock after selling 1,669 shares during the period. New York Life Investment Management LLC’s holdings in Expedia Group were worth $3,000,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. City State Bank raised its position 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 acquiring an additional 118 shares during the last quarter. CVA Family Office LLC acquired a new stake in Expedia Group in the fourth quarter worth about $32,000. Parkside Financial Bank & Trust lifted its position in Expedia Group by 173.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock valued at $35,000 after purchasing an additional 218 shares during the period. MV Capital Management Inc. boosted its stake 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. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of Expedia Group during the 4th quarter worth approximately $65,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 5,119 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total value of $702,377.99. Following the completion of the sale, the chief accounting officer now owns 10,880 shares of the company’s stock, valued at approximately $1,492,844.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 8.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Piper Sandler lowered shares of Expedia Group from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $175.00 to $145.00 in a report on Friday. The Goldman Sachs Group raised their price target on Expedia Group from $155.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. Jefferies Financial Group dropped their price objective on Expedia Group from $150.00 to $145.00 and set a “hold” rating for the company in a report on Tuesday, March 19th. StockNews.com upgraded Expedia Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Finally, Bank of America cut Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 price target for the company. in a research note on Friday, February 9th. Fifteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $148.08.

Expedia Group Stock Down 15.3 %

Expedia Group stock opened at $115.33 on Monday. The company has a fifty day simple moving average of $133.81 and a 200 day simple moving average of $135.45. 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 1-year low of $87.94 and a 1-year high of $160.05. The company has a market cap of $15.72 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 0.35 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.10. Expedia Group had a return on equity of 38.69% and a net margin of 6.18%. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Research analysts anticipate that Expedia Group, Inc. will post 9.7 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.