Cambridge Investment Research Advisors Inc. Trims Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Cambridge Investment Research Advisors Inc. cut its stake in shares of Expedia Group, Inc. (NASDAQ:EXPEFree Report) by 11.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,284 shares of the online travel company’s stock after selling 2,019 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Expedia Group were worth $2,320,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Franklin Resources Inc. increased its position in shares of Expedia Group by 11.5% during the fourth quarter. Franklin Resources Inc. now owns 578,515 shares of the online travel company’s stock worth $87,813,000 after acquiring an additional 59,506 shares during the period. Columbia Asset Management increased its holdings in Expedia Group by 12.0% during the fourth quarter. Columbia Asset Management now owns 7,010 shares of the online travel company’s stock valued at $1,064,000 after buying an additional 750 shares during the period. Norges Bank purchased a new position in Expedia Group during the fourth quarter valued at approximately $334,632,000. FUKOKU MUTUAL LIFE INSURANCE Co purchased a new position in Expedia Group during the fourth quarter valued at approximately $211,000. Finally, Brown Advisory Inc. increased its holdings in Expedia Group by 1.5% during the fourth quarter. Brown Advisory Inc. now owns 33,768 shares of the online travel company’s stock valued at $5,126,000 after buying an additional 511 shares during the period. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, Director Craig A. Jacobson sold 6,722 shares of Expedia Group stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $112.71, for a total value of $757,636.62. Following the completion of the transaction, the director now owns 32,620 shares of the company’s stock, valued at $3,676,600.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.07% of the stock is owned by corporate insiders.

Expedia Group Trading Up 1.1 %

NASDAQ EXPE opened at $114.06 on Tuesday. The company has a market capitalization of $15.55 billion, a PE ratio of 21.36, a P/E/G ratio of 0.42 and a beta of 1.79. The company has a fifty day moving average of $124.03 and a 200 day moving average of $136.31. Expedia Group, Inc. has a 1 year low of $92.48 and a 1 year high of $160.05. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.79 and a quick ratio of 0.79.

Expedia Group (NASDAQ:EXPEGet Free Report) last posted its earnings results on Thursday, May 2nd. The online travel company reported ($0.39) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.96) by $0.57. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.80 billion. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. Research analysts forecast that Expedia Group, Inc. will post 9.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EXPE. B. Riley cut their price objective on shares of Expedia Group from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. HSBC cut their price objective on shares of Expedia Group from $166.00 to $132.00 and set a “hold” rating on the stock in a report on Tuesday, May 7th. BMO Capital Markets reissued a “market perform” rating and set a $145.00 price objective on shares of Expedia Group in a report on Wednesday, May 15th. Evercore ISI cut their price objective on shares of Expedia Group from $190.00 to $175.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Finally, Wells Fargo & Company lowered their target price on shares of Expedia Group from $149.00 to $137.00 and set an “equal weight” rating for the company in a research note on Friday, May 3rd. Sixteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Expedia Group presently has a consensus rating of “Hold” and a consensus target price of $148.12.

Get Our Latest Report on Expedia Group

Expedia Group Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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