Moran Wealth Management LLC Sells 171 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Moran Wealth Management LLC decreased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 0.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 29,236 shares of the online travel company’s stock after selling 171 shares during the period. Moran Wealth Management LLC’s holdings in Expedia Group were worth $4,328,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in shares of Expedia Group in the 2nd quarter valued at $27,000. Blue Trust Inc. boosted its stake in Expedia Group by 93.8% in the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock valued at $30,000 after buying an additional 105 shares in the last quarter. Crewe Advisors LLC bought a new position in Expedia Group in the first quarter valued at about $40,000. Venturi Wealth Management LLC raised its stake in Expedia Group by 709.8% during the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after acquiring an additional 291 shares in the last quarter. Finally, LRI Investments LLC bought a new position in shares of Expedia Group in the first quarter worth about $48,000. 90.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wedbush lifted their price target on shares of Expedia Group from $130.00 to $180.00 and gave the company a “neutral” rating in a report on Friday, November 8th. JPMorgan Chase & Co. boosted their target price on shares of Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. TD Cowen cut Expedia Group from a “buy” rating to a “hold” rating and increased their price target for the company from $130.00 to $150.00 in a research note on Wednesday, September 25th. UBS Group boosted their price objective on Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group increased their target price on Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Nineteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $164.88.

Expedia Group Trading Up 1.2 %

NASDAQ EXPE opened at $179.10 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03. The business has a fifty day simple moving average of $157.30 and a 200 day simple moving average of $136.14. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $190.40. The firm has a market capitalization of $22.99 billion, a P/E ratio of 23.05, a PEG ratio of 0.71 and a beta of 1.78.

Insider Activity

In related news, CAO Lance A. Soliday sold 7,000 shares of Expedia Group stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the sale, the chief accounting officer now directly owns 11,187 shares in the company, valued at approximately $2,035,922.13. This trade represents a 38.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Friday, September 27th. The stock was sold at an average price of $150.21, for a total value of $1,502,100.00. Following the sale, the director now owns 208,505 shares in the company, valued at $31,319,536.05. The trade was a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,000 shares of company stock worth $5,846,530 over the last quarter. Insiders own 6.80% of the company’s stock.

Expedia Group Profile

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.