First Trust Direct Indexing L.P. Takes $230,000 Position in Expedia Group, Inc. (NASDAQ:EXPE)

First Trust Direct Indexing L.P. purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,513 shares of the online travel company’s stock, valued at approximately $230,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. City State Bank grew 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 last quarter. CVA Family Office LLC purchased a new position in Expedia Group during the 4th quarter worth approximately $32,000. Parkside Financial Bank & Trust increased its position in 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 buying an additional 218 shares during the period. MV Capital Management Inc. lifted its stake in Expedia Group by 335.6% in the fourth quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock valued at $48,000 after buying an additional 245 shares during the last quarter. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of Expedia Group in the fourth quarter valued at approximately $65,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EXPE has been the topic of a number of recent research reports. Wells Fargo & Company cut their target price on shares of Expedia Group from $149.00 to $137.00 and set an “equal weight” rating on the stock in a report on Friday, May 3rd. DA Davidson restated a “neutral” rating and issued a $135.00 price objective (down from $152.00) on shares of Expedia Group in a research note on Friday, May 3rd. Wedbush lowered their price target on Expedia Group from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. B. Riley reduced their price objective on Expedia Group from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Finally, Piper Sandler downgraded Expedia Group from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $175.00 to $145.00 in a research note on Friday, May 3rd. Sixteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $149.12.

Insider Transactions at Expedia Group

In related news, CAO Lance A. Soliday sold 5,119 shares of the business’s stock in a transaction that occurred on 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 approximately $1,492,844.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.07% of the company’s stock.

Expedia Group Price Performance

Expedia Group stock opened at $112.91 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 2.93. The firm’s 50-day simple moving average is $132.97 and its 200 day simple moving average is $135.73. Expedia Group, Inc. has a 52 week low of $88.81 and a 52 week high of $160.05. The firm has a market capitalization of $15.39 billion, a PE ratio of 21.14, a P/E/G ratio of 0.35 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.10. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.88 billion. On average, equities research analysts predict that Expedia Group, Inc. will post 9.7 EPS 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.