Truist Financial Corp Purchases 4,567 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Truist Financial Corp boosted its position in Expedia Group, Inc. (NASDAQ:EXPE) by 48.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,921 shares of the online travel company’s stock after buying an additional 4,567 shares during the quarter. Truist Financial Corp’s holdings in Expedia Group were worth $2,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Expedia Group by 242.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 262,519 shares of the online travel company’s stock valued at $27,058,000 after acquiring an additional 185,880 shares during the last quarter. Panagora Asset Management Inc. increased its stake in shares of Expedia Group by 61.2% in the third quarter. Panagora Asset Management Inc. now owns 485,649 shares of the online travel company’s stock worth $50,056,000 after buying an additional 184,392 shares during the period. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in Expedia Group by 119.8% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 302,596 shares of the online travel company’s stock valued at $31,189,000 after buying an additional 164,919 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in Expedia Group by 48.2% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 253,152 shares of the online travel company’s stock valued at $26,092,000 after buying an additional 82,344 shares during the period. Finally, Sycale Advisors NY LLC increased its position in shares of Expedia Group by 200.0% in the third quarter. Sycale Advisors NY LLC now owns 121,800 shares of the online travel company’s stock valued at $12,554,000 after acquiring an additional 81,200 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Up 0.9 %

Shares of Expedia Group stock opened at $112.53 on Friday. The company has a 50-day simple moving average of $132.00 and a two-hundred day simple moving average of $135.40. Expedia Group, Inc. has a 52-week low of $88.81 and a 52-week high of $160.05. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.78 and a current ratio of 0.79. The stock has a market capitalization of $15.34 billion, a PE ratio of 21.07, 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, topping analysts’ consensus estimates of $1.08 by $0.10. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.88 billion. On average, analysts anticipate that Expedia Group, Inc. will post 9.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on EXPE shares. B. Riley cut their target price on Expedia Group from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Bank of America downgraded Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 target price for the company. in a report on Friday, February 9th. JPMorgan Chase & Co. cut their price target on shares of Expedia Group from $136.00 to $128.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Evercore ISI decreased their price objective on shares of Expedia Group from $190.00 to $175.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Finally, Jefferies Financial Group dropped 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 report on Tuesday, March 19th. Sixteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $149.12.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 5,119 shares of the company’s stock in a transaction 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 $1,492,844.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 8.07% of the company’s stock.

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.