The Manufacturers Life Insurance Company Reduces Position in Expedia Group, Inc. (NASDAQ:EXPE)

The Manufacturers Life Insurance Company reduced its position in shares of Expedia Group, Inc. (NASDAQ:EXPEFree Report) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,202 shares of the online travel company’s stock after selling 3,123 shares during the period. The Manufacturers Life Insurance Company owned about 0.07% of Expedia Group worth $13,995,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. City State Bank boosted its position in shares of Expedia Group by 157.3% during the 4th quarter. City State Bank now owns 193 shares of the online travel company’s stock worth $29,000 after acquiring an additional 118 shares in the last quarter. CVA Family Office LLC purchased a new stake in Expedia Group during the fourth quarter worth approximately $32,000. MV Capital Management Inc. boosted its holdings 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 purchasing an additional 245 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Expedia Group by 173.0% in the third 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 last quarter. Finally, Bruce G. Allen Investments LLC acquired a new stake in Expedia Group during the fourth quarter worth approximately $65,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Mizuho decreased their price objective on shares of Expedia Group from $140.00 to $135.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Royal Bank of Canada cut their price target on Expedia Group from $155.00 to $140.00 and set a “sector perform” rating on the stock in a research report on Friday, May 3rd. BTIG Research decreased their price objective on Expedia Group from $175.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, May 21st. Piper Sandler cut shares of Expedia Group from an “overweight” rating to a “neutral” rating and cut their target price for the company from $175.00 to $145.00 in a report on Friday, May 3rd. Finally, DA Davidson reiterated a “neutral” rating and set a $135.00 price target (down previously from $152.00) on shares of Expedia Group in a research note on Friday, May 3rd. Sixteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Expedia Group currently has an average rating of “Hold” and an average price target of $148.12.

View Our Latest Report on EXPE

Expedia Group Stock Performance

EXPE opened at $123.06 on Monday. Expedia Group, Inc. has a 1-year low of $92.48 and a 1-year high of $160.05. The stock has a market cap of $16.77 billion, a P/E ratio of 23.04, a P/E/G ratio of 0.46 and a beta of 1.78. The stock’s 50 day simple moving average is $122.47 and its 200 day simple moving average is $135.81. 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 for the quarter, beating the consensus estimate of ($0.96) by $0.57. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.80 billion. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. As a group, equities analysts anticipate that Expedia Group, Inc. will post 9.33 EPS for the current fiscal year.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 544 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $113.38, for a total value of $61,678.72. Following the sale, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at $1,268,382.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Craig A. Jacobson sold 6,722 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was 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 directly owns 32,620 shares of the company’s stock, valued at $3,676,600.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Lance A. Soliday sold 544 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $113.38, for a total value of $61,678.72. Following the completion of the sale, the chief accounting officer now owns 11,187 shares in the company, valued at $1,268,382.06. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by insiders.

About Expedia Group

(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.

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

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