SG Americas Securities LLC Sells 69,705 Shares of Expedia Group, Inc. (NASDAQ: EXPE)


SG Americas Securities LLC reduced its position in Expedia Group, Inc. (NASDAQ: EXPE – Get Rating) by 88.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,444 shares of the online travel company’s stock after selling 69,705 shares during the period. SG Americas Securities LLC’s holdings in Expedia Group were worth $ 1,848,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in EXPE. AE Wealth Management LLC lifted its position in shares of Expedia Group by 6.0% in the fourth quarter. AE Wealth Management LLC now owns 1,653 shares of the online travel company’s stock worth $ 299,000 after buying an additional 93 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Expedia Group by 14.7% in the fourth quarter. Russell Investments Group Ltd. now owns 22,566 shares of the online travel company’s stock worth $ 4,077,000 after buying an additional 2,900 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of Expedia Group in the fourth quarter worth about $ 199,000. Tokio Marine Asset Management Co. Ltd. raised its position in Expedia Group by 11.1% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,850 shares of the online travel company’s stock valued at $ 334,000 after purchasing an additional 185 shares during the period. Finally, Lincoln National Corp purchased a new stake in Expedia Group during the fourth quarter valued at approximately $ 207,000. 96.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Expedia Group

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

Expedia Group Stock Performance

Shares of EXPE stock opened at $ 100.75 on Tuesday. The firm has a market capitalization of $ 15.83 billion, a price-to-earnings ratio of 86.85, a price-to-earnings-growth ratio of 1.58 and a beta of 1.61. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.89 and a quick ratio of 0.89. The business has a fifty day moving average of $ 108.53 and a 200 day moving average of $ 155.72. Expedia Group, Inc. has a 1 year low of $ 88.70 and a 1 year high of $ 217.72.

Expedia Group (NASDAQ: EXPE – Get Rating) last issued its earnings results on Monday, May 2nd. The online travel company reported ($ 0.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($ 0.69) by ($ 0.24). The firm had revenue of $ 2.25 billion during the quarter, compared to analysts’ expectations of $ 2.27 billion. Expedia Group had a return on equity of 11.93% and a net margin of 4.87%. During the same quarter last year, the business earned ($ 2.59) EPS. As a group, research analysts expect that Expedia Group, Inc. will post 4.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EXPE shares. Credit Suisse Group decreased their price objective on Expedia Group from $ 231.00 to $ 225.00 in a research report on Tuesday, May 3rd. Citigroup decreased their price objective on Expedia Group from $ 200.00 to $ 118.00 and set a “neutral” rating on the stock in a research report on Thursday, June 16th. The Goldman Sachs Group cut their target price on Expedia Group from $ 206.00 to $ 173.00 and set a “buy” rating on the stock in a research note on Thursday, June 9th. Truist Financial cut their target price on Expedia Group from $ 240.00 to $ 185.00 and set a “buy” rating on the stock in a research note on Thursday, July 14th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $ 205.00 target price on shares of Expedia Group in a research note on Tuesday, May 3rd. Fourteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $ 191.30.

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.

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



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