Kestra Private Wealth Services LLC Acquires New Shares in Expedia Group, Inc. (NASDAQ:EXPE)

Kestra Private Wealth Services LLC acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,589 shares of the online travel company’s stock, valued at approximately $393,000.

A number of other large investors have also made changes to their positions in EXPE. City State Bank increased its position in shares of Expedia Group by 157.3% in the 4th quarter. City State Bank now owns 193 shares of the online travel company’s stock valued at $29,000 after buying an additional 118 shares in the last quarter. CVA Family Office LLC bought a new stake in shares of Expedia Group in the 4th quarter valued at $32,000. Parkside Financial Bank & Trust increased its position in shares of Expedia Group by 173.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock valued at $35,000 after buying an additional 218 shares in the last quarter. MV Capital Management Inc. increased its position 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 buying an additional 245 shares in the last quarter. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of Expedia Group in the 4th quarter valued at $65,000. Institutional investors own 90.76% of the company’s stock.

Expedia Group Trading Down 2.7 %

Shares of NASDAQ:EXPE opened at $112.91 on Wednesday. Expedia Group, Inc. has a 12-month low of $88.81 and a 12-month high of $160.05. The stock has a market cap of $15.39 billion, a PE ratio of 21.14, a P/E/G ratio of 0.35 and a beta of 1.83. The business has a 50 day moving average of $132.97 and a 200-day moving average of $135.73. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 2.93.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $2.88 billion. As a group, equities research analysts forecast that Expedia Group, Inc. will post 9.7 earnings per share for the current year.

Insider Transactions at Expedia Group

In other 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 completion of the sale, the chief accounting officer now owns 10,880 shares in the company, valued at $1,492,844.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 8.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EXPE. The Goldman Sachs Group increased their target price on Expedia Group from $155.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Royal Bank of Canada lowered their target price on Expedia Group from $155.00 to $140.00 and set a “sector perform” rating for the company in a report on Friday, May 3rd. B. Riley lowered their target price on Expedia Group from $200.00 to $190.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Piper Sandler cut Expedia Group from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $175.00 to $145.00 in a report on Friday, May 3rd. Finally, Barclays lowered their target price on Expedia Group from $158.00 to $138.00 and set an “equal weight” rating for the company in a report on Monday. Sixteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Expedia Group currently has a consensus rating of “Hold” and a consensus price target of $149.12.

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.