Belpointe Asset Management LLC increased its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) by 78.6% during the 1st quarter, reports HoldingsChannel. The institutional investor owned 1,002 shares of the online travel company after buying 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 changed their stakes in the company. FNY Investment Advisers LLC bought a new stake in Expedia Group in the first quarter for $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 worth $36,000 after buying 58 more shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in Expedia Group in the fourth quarter for $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 worth $55,000 after buying 104 more shares in the last quarter. Institutional investors hold 96.08% of the company’s shares.
Analysts set new price targets
Several equity research analysts have recently weighed in on the stock. Credit Suisse Group cut its price target on Expedia Group shares from $231.00 to $225.00 in a Tuesday, May 3 research report. Goldman Sachs Group lowered its price target on Expedia Group shares from $206.00 to $173.00 and set a “buy” rating for the company in a Thursday, June 9 research note. BTIG Research lowered its price target on Expedia Group shares from $235.00 to $150.00 and set a “buy” rating for the company in a Wednesday, June 15 research note. Mizuho raised its price target on Expedia Group shares from $155.00 to $172.00 in a Tuesday, May 3 research note. Finally, Barclays raised its price target on Expedia Group shares from $226.00 to $229.00 in a Tuesday May 3 research note. Fourteen equity research analysts gave the stock a hold rating and twelve gave the company a buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $191.30.
Insider activity
Separately, director Dara Khosrowshahi sold 10,000 shares of the company in a transaction dated Monday, May 2. The shares were sold at an average price of $172.94, for a total transaction of $1,729,400.00. Following the transaction, the administrator now owns 252,112 shares of the company, valued at $43,600,249.28. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Separately, CAO Lance A. Soliday sold 376 shares of the company in a transaction dated Monday, May 16. The shares were sold at an average price of $124.12, for a total transaction of $46,669.12. As a result of the transaction, the chief accountant now owns 8,949 shares of the company, valued at $1,110,749.88. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, director Dara Khosrowshahi sold 10,000 shares of the company in a transaction dated Monday, May 2. The shares were sold at an average price of $172.94, for a total transaction of $1,729,400.00. Following the transaction, the administrator now owns 252,112 shares of the company, valued at approximately $43,600,249.28. The disclosure of this sale can be found here. Company insiders hold 5.00% of the company’s shares.
Expedia Group Stock Performance
Shares of Expedia Group 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 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 results on Monday, May 2. The online travel agency reported ($0.93) EPS for the quarter, missing analyst consensus estimates of ($0.69) from ($0.24). Expedia Group achieved a return on equity of 11.93% and a net margin of 4.87%. The company posted revenue of $2.25 billion in the quarter, versus a consensus estimate of $2.27 billion. In the same quarter a year earlier, the company posted ($2.59) earnings per share. Research analysts expect Expedia Group, Inc. to post EPS of 4.57 for the current fiscal year.
Expedia Group Profile
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Expedia Group, Inc. operates as an online travel agency 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 the marketing and distribution of accommodation; Vrbo, an online marketplace for alternative accommodation; Orbitz, Travelocity and CheapTickets travel websites; ebookers, an EMEA online travel agency offering travelers a range of travel options; Hotwire, which offers travel reservation services; CarRentals.com, an online car rental reservation service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, an advice provider for travelers booking cruises.
Further reading
Want to see what other hedge funds hold EXPE? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Expedia Group, Inc. (NASDAQ:EXPE – Get Rating).
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