Park Avenue Securities LLC Purchases 845 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Park Avenue Securities LLC grew its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 29.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,709 shares of the online travel company’s stock after acquiring an additional 845 shares during the quarter. Park Avenue Securities LLC’s holdings in Expedia Group were worth $691,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC grew its position in Expedia Group by 709.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after purchasing an additional 291 shares during the period. Brooklyn Investment Group acquired a new position in shares of Expedia Group during the third quarter valued at about $51,000. Future Financial Wealth Managment LLC bought a new stake in shares of Expedia Group during the third quarter worth about $74,000. Versant Capital Management Inc raised its holdings in shares of Expedia Group by 299.3% in the 4th quarter. Versant Capital Management Inc now owns 559 shares of the online travel company’s stock worth $104,000 after acquiring an additional 419 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in Expedia Group in the 3rd quarter valued at about $118,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Expedia Group

In related news, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $181.99, for a total value of $1,273,930.00. Following the transaction, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at $2,035,922.13. This represents a 38.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $156.87, for a total value of $1,568,700.00. Following the sale, the director now directly owns 188,505 shares of the company’s stock, valued at approximately $29,570,779.35. This trade represents a 5.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,951 shares of company stock valued at $5,045,310. Company insiders own 6.80% of the company’s stock.

Expedia Group Stock Performance

Shares of EXPE opened at $173.65 on Thursday. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $192.34. The stock’s 50-day simple moving average is $184.71 and its 200 day simple moving average is $156.99. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market capitalization of $22.29 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 0.84 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, November 7th. The online travel company reported $5.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.42 by ($0.24). The firm had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Expedia Group had a return on equity of 49.25% and a net margin of 7.97%. During the same period in the previous year, the company posted $4.85 earnings per share. Research analysts forecast that Expedia Group, Inc. will post 8.76 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. JMP Securities restated a “market perform” rating on shares of Expedia Group in a report on Monday, December 16th. BTIG Research raised their price objective on Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Morgan Stanley lifted their price objective on shares of Expedia Group from $180.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Susquehanna increased their target price on shares of Expedia Group from $145.00 to $190.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Expedia Group from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Twenty equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Expedia Group currently has a consensus rating of “Hold” and an average price target of $175.96.

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.