Commonwealth Equity Services LLC Acquires 5,259 Shares of Expedia Group, Inc. (NASDAQ: EXPE)


Commonwealth Equity Services LLC grew its holdings in shares of Expedia Group, Inc. (NASDAQ: EXPE – Get Rating) by 30.4% in the first quarter, HoldingsChannel.com reports. The fund owned 22,536 shares of the online travel company’s stock after purchasing an additional 5,259 shares during the period. Commonwealth Equity Services LLC’s holdings in Expedia Group were worth $ 4,409,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. IFM Investors Pty Ltd lifted its position in Expedia Group by 34.3% in the 1st quarter. IFM Investors Pty Ltd now owns 24,494 shares of the online travel company’s stock worth $ 4,793,000 after buying an additional 6,261 shares during the last quarter. Brinker Capital Investments LLC lifted its position in Expedia Group by 6.4% in the 4th quarter. Brinker Capital Investments LLC now owns 4,924 shares of the online travel company’s stock worth $ 890,000 after buying an additional 297 shares during the last quarter. AE Wealth Management LLC lifted its position in Expedia Group by 314.8% in the 1st quarter. AE Wealth Management LLC now owns 6,857 shares of the online travel company’s stock worth $ 1,342,000 after buying an additional 5,204 shares during the last quarter. Regentatlantic Capital LLC lifted its position in Expedia Group by 3.5% in the 1st quarter. Regentatlantic Capital LLC now owns 25,116 shares of the online travel company’s stock worth $ 4,914,000 after buying an additional 853 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in Expedia Group by 46.8% in the 4th quarter. HighTower Advisors LLC now owns 23,485 shares of the online travel company’s stock worth $ 4,244,000 after buying an additional 7,490 shares during the last quarter. Institutional investors own 96.08% of the company’s stock.

Wall Street Analyst Weigh In

EXPE has been the subject of a number of recent research reports. UBS Group dropped their target price on Expedia Group from $ 183.00 to $ 108.00 and set a “neutral” rating for the company in a research report on Monday. Citigroup decreased their price target on Expedia Group from $ 200.00 to $ 118.00 and set a “neutral” rating on the stock in a research note on Thursday, June 16th. Mizuho lifted their price target on Expedia Group from $ 155.00 to $ 172.00 in a research note on Tuesday, May 3rd. Argus decreased their price target on Expedia Group from $ 240.00 to $ 220.00 in a research note on Thursday, April 7th. Finally, The Goldman Sachs Group decreased their price target 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. Fourteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $ 184.63.

Expedia Group Price Performance

Shares of EXPE stock opened at $ 102.20 on Friday. The stock has a market cap of $ 16.06 billion, a price-to-earnings ratio of 88.10, a PEG ratio of 1.65 and a beta of 1.60. The business’s fifty day moving average is $ 105.35 and its 200 day moving average is $ 151.68. Expedia Group, Inc. has a twelve month low of $ 88.70 and a twelve month high of $ 217.72. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.16.

Expedia Group (NASDAQ: EXPE – Get Rating) last released its earnings results on Thursday, August 4th. The online travel company reported $ 1.96 EPS for the quarter, topping the consensus estimate of $ 1.57 by $ 0.39. Expedia Group had a return on equity of 11.93% and a net margin of 4.87%. The business had revenue of $ 3.18 billion for the quarter, compared to the consensus estimate of $ 2.99 billion. During the same period in the previous year, the company posted ($ 1.77) earnings per share. The company’s revenue for the quarter was up 50.7% compared to the same quarter last year. Research analysts expect that Expedia Group, Inc. will post 4.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 376 shares of the business’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $ 124.12, for a total value of $ 46,669.12. Following the sale, the chief accounting officer now directly owns 8,949 shares of the company’s stock, valued at $ 1,110,749.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.00% of the company’s stock.

About Expedia Group

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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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