HB Wealth Management LLC Makes New Investment in Expedia Group, Inc. (NASDAQ:EXPE)

HB Wealth Management LLC purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,398 shares of the online travel company’s stock, valued at approximately $364,000.

Other large investors have also modified their holdings of the company. Raymond James Trust N.A. boosted its stake in Expedia Group by 17.6% during the first quarter. Raymond James Trust N.A. now owns 1,364 shares of the online travel company’s stock worth $267,000 after buying an additional 204 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Expedia Group by 6.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 301,932 shares of the online travel company’s stock worth $59,077,000 after acquiring an additional 17,680 shares during the last quarter. Blair William & Co. IL boosted its position in shares of Expedia Group by 16.1% during the 1st quarter. Blair William & Co. IL now owns 6,052 shares of the online travel company’s stock worth $1,184,000 after purchasing an additional 838 shares during the period. Prudential PLC acquired a new stake in Expedia Group in the 1st quarter valued at approximately $397,000. Finally, Cetera Investment Advisers raised its position in Expedia Group by 50.9% in the first quarter. Cetera Investment Advisers now owns 3,751 shares of the online travel company’s stock valued at $734,000 after purchasing an additional 1,265 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insider Transactions at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $150.88, for a total value of $1,508,800.00. Following the completion of the sale, the director now owns 226,521 shares in the company, valued at $34,177,488.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $150.88, for a total value of $1,508,800.00. Following the completion of the sale, the director now owns 226,521 shares of the company’s stock, valued at $34,177,488.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Lance A. Soliday sold 5,119 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total transaction of $702,377.99. Following the sale, the chief accounting officer now owns 10,880 shares in the company, valued at $1,492,844.80. The disclosure for this sale can be found here. Insiders have sold a total of 25,119 shares of company stock worth $3,711,578 over the last ninety days. 8.07% of the stock is currently owned by company insiders.

Expedia Group Stock Up 1.7 %

Expedia Group stock opened at $138.99 on Thursday. The stock has a 50 day moving average of $140.82 and a two-hundred day moving average of $129.56. Expedia Group, Inc. has a twelve month low of $87.94 and a twelve month high of $160.05. The stock has a market capitalization of $18.94 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 0.42 and a beta of 1.86. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.24.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.10. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. Expedia Group had a net margin of 6.21% and a return on equity of 35.79%. As a group, research analysts expect that Expedia Group, Inc. will post 9.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EXPE. BMO Capital Markets assumed coverage on Expedia Group in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $181.00 price objective for the company. Mizuho increased their price target on shares of Expedia Group from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. Royal Bank of Canada restated a “sector perform” rating and issued a $155.00 price objective on shares of Expedia Group in a report on Friday, February 9th. JPMorgan Chase & Co. raised their price target on shares of Expedia Group from $115.00 to $136.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Finally, Wedbush reaffirmed a “neutral” rating and set a $130.00 price objective on shares of Expedia Group in a research report on Friday, February 9th. Thirteen investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.12.

About Expedia Group

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.