Grimes & Company Inc. Has $1.14 Million Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Grimes & Company Inc. cut its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 92.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,293 shares of the online travel company’s stock after selling 103,069 shares during the quarter. Grimes & Company Inc.’s holdings in Expedia Group were worth $1,142,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of EXPE. Independence Bank of Kentucky grew its holdings in Expedia Group by 67.8% in the 1st quarter. Independence Bank of Kentucky now owns 5,951 shares of the online travel company’s stock valued at $820,000 after buying an additional 2,405 shares in the last quarter. KRS Capital Management LLC increased its position in shares of Expedia Group by 23.2% in the first quarter. KRS Capital Management LLC now owns 1,723 shares of the online travel company’s stock worth $237,000 after purchasing an additional 325 shares during the period. Kathmere Capital Management LLC raised its stake in Expedia Group by 6.9% in the first quarter. Kathmere Capital Management LLC now owns 1,930 shares of the online travel company’s stock valued at $266,000 after purchasing an additional 124 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Expedia Group by 8.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,882 shares of the online travel company’s stock worth $1,912,000 after purchasing an additional 1,065 shares during the period. Finally, Signet Financial Management LLC acquired a new stake in Expedia Group during the first quarter worth about $3,358,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insider Buying and Selling

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 shares were sold at an average price of $112.71, for a total value of $757,636.62. Following the completion of the sale, the director now directly owns 32,620 shares of the company’s stock, valued at $3,676,600.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Expedia Group news, CAO Lance A. Soliday sold 544 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at $1,268,382.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Craig A. Jacobson sold 6,722 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were 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 of the company’s stock, valued at approximately $3,676,600.20. The disclosure for this sale can be found here. 8.07% of the stock is owned by insiders.

Expedia Group Stock Performance

Shares of Expedia Group stock opened at $125.99 on Friday. The business has a 50-day moving average price of $120.85 and a two-hundred day moving average price of $134.34. Expedia Group, Inc. has a 1-year low of $92.48 and a 1-year high of $160.05. The company has a market cap of $17.17 billion, a P/E ratio of 23.59, a PEG ratio of 0.47 and a beta of 1.78. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 2.93.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Barclays reduced their price target on shares of Expedia Group from $158.00 to $138.00 and set an “equal weight” rating on the stock in a research report on Monday, May 6th. Evercore ISI decreased their price target on Expedia Group from $190.00 to $175.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. BMO Capital Markets reissued a “market perform” rating and set a $145.00 price target on shares of Expedia Group in a report on Wednesday, May 15th. Wedbush reduced their price objective on Expedia Group from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Finally, DA Davidson reiterated a “neutral” rating and issued a $135.00 target price (down previously from $152.00) on shares of Expedia Group in a research report on Friday, May 3rd. Sixteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.