Diversified Trust Co Sells 736 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Diversified Trust Co decreased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 9.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,983 shares of the online travel company’s stock after selling 736 shares during the period. Diversified Trust Co’s holdings in Expedia Group were worth $1,034,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Expedia Group by 1.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 343,389 shares of the online travel company’s stock valued at $47,302,000 after purchasing an additional 6,432 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Expedia Group by 18.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 154,867 shares of the online travel company’s stock valued at $21,333,000 after acquiring an additional 23,939 shares during the period. Swedbank AB lifted its position in shares of Expedia Group by 5.0% in the second quarter. Swedbank AB now owns 169,076 shares of the online travel company’s stock valued at $21,302,000 after acquiring an additional 8,026 shares in the last quarter. DoubleLine ETF Adviser LP bought a new position in shares of Expedia Group in the second quarter worth about $465,000. Finally, Advisors Asset Management Inc. grew its position in shares of Expedia Group by 33.7% during the first quarter. Advisors Asset Management Inc. now owns 7,927 shares of the online travel company’s stock worth $1,092,000 after purchasing an additional 1,996 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Insider Activity at Expedia Group

In related news, insider Robert J. Dzielak sold 5,417 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $134.60, for a total transaction of $729,128.20. Following the completion of the transaction, the insider now owns 84,543 shares in the company, valued at $11,379,487.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Robert J. Dzielak sold 5,417 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $134.60, for a total transaction of $729,128.20. Following the completion of the transaction, the insider now owns 84,543 shares in the company, valued at $11,379,487.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $150.18, for a total value of $1,501,800.00. Following the transaction, the director now owns 198,505 shares of the company’s stock, valued at approximately $29,811,480.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,019 shares of company stock worth $5,390,191 in the last quarter. 8.07% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on EXPE. Citigroup boosted their price target on Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Piper Sandler restated a “neutral” rating and set a $140.00 target price (down previously from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. DA Davidson reaffirmed a “neutral” rating and set a $135.00 target price on shares of Expedia Group in a research note on Friday, August 9th. TD Cowen cut shares of Expedia Group from a “buy” rating to a “hold” rating and boosted their price target for the stock from $130.00 to $150.00 in a research note on Wednesday, September 25th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $130.00 price objective on shares of Expedia Group in a research report on Monday. Nineteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $150.85.

Expedia Group Stock Performance

NASDAQ EXPE opened at $151.95 on Wednesday. The company has a market cap of $20.71 billion, a P/E ratio of 28.46, a P/E/G ratio of 0.56 and a beta of 1.79. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.76 and a current ratio of 0.76. The business’s 50 day moving average price is $135.42 and its 200-day moving average price is $128.97. Expedia Group, Inc. has a fifty-two week low of $92.48 and a fifty-two week high of $160.05.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, beating the consensus estimate of $3.17 by $0.34. The firm had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.53 billion. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.34 EPS. Sell-side analysts predict that Expedia Group, Inc. will post 8.98 earnings per share for the current year.

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.