First Business Financial Services Inc. boosted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 7.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,428 shares of the online travel company’s stock after buying an additional 393 shares during the quarter. First Business Financial Services Inc.’s holdings in Expedia Group were worth $934,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in EXPE. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Expedia Group during the 4th quarter valued at $38,000. Crescent Capital Consulting LLC purchased a new position in Expedia Group during the fourth quarter valued at $26,000. Sterling Investment Advisors Ltd. grew its holdings in Expedia Group by 400.0% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 250 shares of the online travel company’s stock valued at $33,000 after purchasing an additional 200 shares during the period. Arkadios Wealth Advisors bought a new stake in Expedia Group during the fourth quarter valued at about $38,000. Finally, Oxler Private Wealth LLC purchased a new stake in Expedia Group in the fourth quarter worth about $49,000. 95.71% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on the stock. Truist Securities increased their target price on shares of Expedia Group from $170.00 to $237.00 and gave the stock a “buy” rating in a report on Monday. Wolfe Research assumed coverage on shares of Expedia Group in a research note on Wednesday, March 31st. They issued a “peer perform” rating and a $170.00 price objective for the company. Argus upgraded shares of Expedia Group from a “hold” rating to a “buy” rating and set a $188.00 target price on the stock in a research note on Thursday, February 25th. Credit Suisse Group increased their price target on Expedia Group from $136.00 to $168.00 and gave the stock an “outperform” rating in a research note on Thursday, February 11th. Finally, Benchmark raised their price target on Expedia Group from $120.00 to $175.00 and gave the company a “buy” rating in a report on Friday, February 12th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Expedia Group currently has an average rating of “Hold” and a consensus price target of $151.09.
Shares of Expedia Group stock opened at $175.65 on Friday. Expedia Group, Inc. has a 12-month low of $58.39 and a 12-month high of $187.93. The company has a current ratio of 1.20, a quick ratio of 1.19 and a debt-to-equity ratio of 2.84. The stock has a market cap of $25.27 billion, a PE ratio of -11.25 and a beta of 1.74. The company has a 50-day moving average of $173.35 and a two-hundred day moving average of $137.83.
Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, February 11th. The online travel company reported ($2.64) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($2.07) by ($0.57). Expedia Group had a negative net margin of 30.64% and a negative return on equity of 21.33%. The company had revenue of $920.00 million during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the business posted $1.24 earnings per share. On average, sell-side analysts forecast that Expedia Group, Inc. will post -8.94 EPS for the current fiscal year.
About Expedia Group
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 include 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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