Measured Wealth Private Client Group LLC Makes New $288,000 Investment in Expedia Group, Inc. (NASDAQ:EXPE)

Measured Wealth Private Client Group LLC acquired a new position in Expedia Group, Inc. (NASDAQ:EXPE) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,091 shares of the online travel company’s stock, valued at approximately $288,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ValueAct Holdings L.P. purchased a new position in Expedia Group in the fourth quarter valued at approximately $645,346,000. Norges Bank purchased a new stake in shares of Expedia Group in the 4th quarter valued at about $334,632,000. Kodai Capital Management LP acquired a new stake in shares of Expedia Group in the 4th quarter valued at about $38,072,000. Dimensional Fund Advisors LP grew its stake in Expedia Group by 24.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 767,709 shares of the online travel company’s stock worth $116,541,000 after buying an additional 151,993 shares during the last quarter. Finally, State of Michigan Retirement System boosted its holdings in shares of Expedia Group by 183.8% in the fourth quarter. State of Michigan Retirement System now owns 117,964 shares of the online travel company’s stock valued at $17,906,000 after acquiring an additional 76,400 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Up 0.3 %

EXPE stock opened at $122.86 on Wednesday. Expedia Group, Inc. has a one year low of $92.48 and a one year high of $160.05. The stock has a market capitalization of $16.74 billion, a P/E ratio of 23.01, a PEG ratio of 0.47 and a beta of 1.78. The company has a 50 day moving average price of $120.67 and a two-hundred day moving average price of $134.09. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.79 and a current ratio of 0.79.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, May 2nd. The online travel company reported ($0.39) EPS for the quarter, beating the consensus estimate of ($0.96) by $0.57. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.80 billion. As a group, sell-side analysts expect that Expedia Group, Inc. will post 9.25 EPS for the current year.

Analyst Ratings Changes

EXPE has been the subject of several recent research reports. HSBC decreased their price target on Expedia Group from $166.00 to $132.00 and set a “hold” rating for the company in a report on Tuesday, May 7th. Oppenheimer reiterated an “outperform” rating and set a $175.00 target price on shares of Expedia Group in a research report on Monday, April 29th. BTIG Research reduced their price target on Expedia Group from $175.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, May 21st. Piper Sandler cut Expedia Group from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $175.00 to $145.00 in a research report on Friday, May 3rd. Finally, DA Davidson restated a “neutral” rating and set a $135.00 target price (down from $152.00) on shares of Expedia Group in a research report on Friday, May 3rd. Sixteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $148.12.

Insider Transactions at Expedia Group

In other news, CAO Lance A. Soliday sold 544 shares of Expedia Group stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $113.38, for a total value of $61,678.72. Following the transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at approximately $1,268,382.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Lance A. Soliday sold 544 shares of the stock in a transaction dated 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 transaction, the chief accounting officer now owns 11,187 shares in the company, valued at approximately $1,268,382.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Craig A. Jacobson sold 6,722 shares of the firm’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 transaction of $757,636.62. Following the transaction, the director now owns 32,620 shares in the company, valued at approximately $3,676,600.20. The disclosure for this sale can be found here. Insiders own 8.07% 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.