Belpointe Asset Management LLC Buys 441 Shares of Expedia Group, Inc. (NASDAQ: EXPE)


Belpointe Asset Management LLC grew its stake in shares of Expedia Group, Inc. (NASDAQ: EXPE – Get Rating) by 78.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,002 shares of the online travel company’s stock after purchasing an additional 441 shares during the quarter. Belpointe Asset Management LLC’s holdings in Expedia Group were worth $ 165,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FNY Investment Advisers LLC bought a new stake in Expedia Group in the first quarter worth $ 29,000. Parkside Financial Bank & Trust increased its position in Expedia Group by 41.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the online travel company’s stock worth $ 36,000 after purchasing an additional 58 shares during the last quarter. Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in Expedia Group in the fourth quarter worth $ 45,000. Hoey Investments Inc. bought a new stake in Expedia Group in the fourth quarter worth $ 54,000. Finally, Reilly Financial Advisors LLC increased its position in Expedia Group by 52.0% in the fourth quarter. Reilly Financial Advisors LLC now owns 304 shares of the online travel company’s stock worth $ 55,000 after purchasing an additional 104 shares during the last quarter. Institutional investors own 96.08% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Credit Suisse Group reduced their price target on shares of Expedia Group from $ 231.00 to $ 225.00 in a research report on Tuesday, May 3rd. The Goldman Sachs Group dropped their price objective on shares of Expedia Group from $ 206.00 to $ 173.00 and set a “buy” rating for the company in a research note on Thursday, June 9th. BTIG Research dropped their price objective on shares of Expedia Group from $ 235.00 to $ 150.00 and set a “buy” rating for the company in a research note on Wednesday, June 15th. Mizuho lifted their price objective on shares of Expedia Group from $ 155.00 to $ 172.00 in a research note on Tuesday, May 3rd. Finally, Barclays lifted their price objective on shares of Expedia Group from $ 226.00 to $ 229.00 in a research note on Tuesday, May 3rd. Fourteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $ 191.30.

Insider Activity

In other news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $ 172.94, for a total transaction of $ 1,729,400.00. Following the transaction, the director now owns 252,112 shares in the company, valued at $ 43,600,249.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CAO Lance A. Soliday sold 376 shares of the company’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $ 124.12, for a total transaction of $ 46,669.12. Following the transaction, the chief accounting officer now owns 8,949 shares in the company, valued at $ 1,110,749.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $ 172.94, for a total transaction of $ 1,729,400.00. Following the transaction, the director now owns 252,112 shares in the company, valued at approximately $ 43,600,249.28. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.

Expedia Group Stock Performance

Shares of Expedia Group stock opened at $ 102.37 on Friday. The company has a market capitalization of $ 16.08 billion, a PE ratio of 88.25, a P / E / G ratio of 1.57 and a beta of 1.61. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.89 and a current ratio of 0.89. The company has a 50-day simple moving average of $ 109.64 and a two-hundred day simple moving average of $ 157.20. Expedia Group, Inc. has a one year low of $ 88.70 and a one year high of $ 217.72.

Expedia Group (NASDAQ: EXPE – Get Rating) last announced its earnings results on Monday, May 2nd. The online travel company reported ($ 0.93) EPS for the quarter, missing analysts’ consensus estimates of ($ 0.69) by ($ 0.24). Expedia Group had a return on equity of 11.93% and a net margin of 4.87%. The firm had revenue of $ 2.25 billion during the quarter, compared to the consensus estimate of $ 2.27 billion. During the same quarter in the prior year, the firm posted ($ 2.59) earnings per share. Research analysts expect that Expedia Group, Inc. will post 4.57 EPS for the current fiscal year.

Expedia Group Profile

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Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio includes Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, and CheapTickets travel websites; ebookers, an online EMEA travel agent for travelers an array of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental booking service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.

Further Reading

Want to see what other hedge funds are holding EXPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expedia Group, Inc. (NASDAQ: EXPE – Get Rating).

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



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