Los Angeles Capital Management LLC Trims Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Los Angeles Capital Management LLC trimmed its position in Expedia Group, Inc. (NASDAQ:EXPE) by 28.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 98,843 shares of the online travel company’s stock after selling 39,085 shares during the quarter. Los Angeles Capital Management LLC owned about 0.07% of Expedia Group worth $13,616,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. ValueAct Holdings L.P. acquired a new stake in Expedia Group during the fourth quarter worth about $645,346,000. Norges Bank acquired a new stake in Expedia Group during the fourth quarter worth about $334,632,000. Kodai Capital Management LP acquired a new stake in Expedia Group during the fourth quarter worth about $38,072,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Expedia Group by 242.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 262,519 shares of the online travel company’s stock worth $27,058,000 after acquiring an additional 185,880 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Expedia Group by 24.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 767,709 shares of the online travel company’s stock worth $116,541,000 after acquiring an additional 151,993 shares during the period. 90.76% of the stock is currently 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 544 shares of Expedia Group stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $113.38, for a total value of $61,678.72. Following the sale, the chief accounting officer now owns 11,187 shares in the company, valued at $1,268,382.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Expedia Group news, Director Craig A. Jacobson sold 6,722 shares of Expedia Group stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total value of $757,636.62. Following the sale, the director now owns 32,620 shares in the company, valued at $3,676,600.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lance A. Soliday sold 544 shares of Expedia Group stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $113.38, for a total value of $61,678.72. Following the completion of the sale, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $1,268,382.06. The disclosure for this sale can be found here. Company insiders own 8.07% of the company’s stock.

Expedia Group Stock Performance

Shares of Expedia Group stock opened at $124.54 on Thursday. Expedia Group, Inc. has a one year low of $92.48 and a one year high of $160.05. The company has a market cap of $16.97 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 0.47 and a beta of 1.78. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.79 and a current ratio of 0.79. The business’s 50 day moving average price is $121.21 and its 200 day moving average price is $135.11.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, May 2nd. The online travel company reported ($0.39) EPS for the quarter, beating analysts’ consensus estimates of ($0.96) by $0.57. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.80 billion. On average, research analysts predict that Expedia Group, Inc. will post 9.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EXPE. Wedbush dropped their target price on Expedia Group from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. JPMorgan Chase & Co. dropped their price objective on Expedia Group from $136.00 to $128.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. DA Davidson reissued a “neutral” rating and issued a $135.00 price objective (down from $152.00) on shares of Expedia Group in a report on Friday, May 3rd. Benchmark reissued a “buy” rating and issued a $180.00 price objective on shares of Expedia Group in a report on Friday, May 3rd. Finally, Jefferies Financial Group dropped their price objective on Expedia Group from $150.00 to $145.00 and set a “hold” rating on the stock in a report on Tuesday, March 19th. Sixteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Expedia Group currently has a consensus rating of “Hold” and a consensus price target of $148.12.

Expedia Group Company 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.