Expedia Group, Inc. (NASDAQ:EXPE) Holdings Raised by M&T Bank Corp

M&T Bank Corp boosted its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) by 16.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,660 shares of the online travel company’s stock after buying an additional 9,925 shares during the period. M&T Bank Corp’s holdings in Expedia Group were worth $13,825,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EXPE. MCF Advisors LLC purchased a new position in Expedia Group during the 1st quarter valued at about $28,000. FNY Investment Advisers LLC acquired a new stake in shares of Expedia Group during the first quarter worth approximately $29,000. Parkside Financial Bank & Trust grew its position in Expedia Group by 41.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the online travel company’s stock valued at $36,000 after purchasing an additional 58 shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in Expedia Group in the 4th quarter valued at approximately $45,000. Finally, Hoey Investments Inc. purchased a new stake in Expedia Group in the 4th quarter worth approximately $54,000. 96.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 376 shares of Expedia Group stock in a transaction on Monday, May 16th. The stock was sold at an average price of $124.12, for a total transaction of $46,669.12. Following the completion of the transaction, the chief accounting officer now directly owns 8,949 shares of the company’s stock, valued at $1,110,749.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 5.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EXPE. Redburn Partners upgraded shares of Expedia Group from a “neutral” rating to a “buy” rating in a report on Wednesday, May 18th. Mizuho dropped their target price on Expedia Group from $172.00 to $132.00 and set a “neutral” rating on the stock in a research report on Friday. JPMorgan Chase & Co. reduced their price target on Expedia Group from $206.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, June 29th. Truist Financial dropped their price objective on Expedia Group from $240.00 to $185.00 and set a “buy” rating on the stock in a report on Thursday, July 14th. Finally, BTIG Research reduced their target price 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. Fifteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $180.63.

Expedia Group Trading Up 0.3 %

Expedia Group stock opened at $102.52 on Friday. Expedia Group, Inc. has a 12 month low of $88.70 and a 12 month high of $217.72. The stock has a market cap of $16.11 billion, a price-to-earnings ratio of 51.00, a price-to-earnings-growth ratio of 1.65 and a beta of 1.60. The business has a 50 day moving average price of $104.78 and a two-hundred day moving average price of $151.16. 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 posted its quarterly earnings results on Thursday, August 4th. The online travel company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.39. Expedia Group had a net margin of 4.26% and a return on equity of 22.11%. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the previous year, the company earned ($1.77) earnings per share. The business’s revenue was up 50.7% compared to the same quarter last year. As a group, equities analysts forecast that Expedia Group, Inc. will post 4.42 EPS for the current year.

Expedia Group Company 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 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.