Bleakley Financial Group LLC Buys 102 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Bleakley Financial Group LLC grew its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 5.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,076 shares of the online travel company’s stock after acquiring an additional 102 shares during the period. Bleakley Financial Group LLC’s holdings in Expedia Group were worth $307,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. ORG Partners LLC raised its stake in shares of Expedia Group by 4,525.0% during the first quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock worth $25,000 after buying an additional 181 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Expedia Group during the second quarter worth approximately $27,000. Blue Trust Inc. increased its stake in Expedia Group by 93.8% in the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock valued at $30,000 after purchasing an additional 105 shares in the last quarter. Crewe Advisors LLC bought a new stake in Expedia Group in the first quarter valued at approximately $40,000. Finally, LRI Investments LLC bought a new stake in Expedia Group in the first quarter valued at approximately $48,000. 90.76% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $150.21, for a total value of $1,502,100.00. Following the transaction, the director now directly owns 208,505 shares of the company’s stock, valued at $31,319,536.05. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $134.60, for a total transaction of $729,128.20. Following the transaction, the insider now directly owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. This trade represents a 0.00 % 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 the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the transaction, the director now directly owns 208,505 shares in the company, valued at approximately $31,319,536.05. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,019 shares of company stock valued at $5,390,191 over the last ninety days. 8.07% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on EXPE. Jefferies Financial Group upped their target price on shares of Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a research note on Tuesday. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $130.00 target price on shares of Expedia Group in a research note on Monday, October 7th. Wedbush upped their target price on shares of Expedia Group from $125.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Susquehanna upped their price target on shares of Expedia Group from $125.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Finally, TD Cowen cut shares of Expedia Group from a “buy” rating to a “hold” rating and upped their price target for the company from $130.00 to $150.00 in a report on Wednesday, September 25th. Nineteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $152.15.

Expedia Group Stock Performance

NASDAQ EXPE opened at $158.36 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.45. The firm’s fifty day moving average price is $143.19 and its two-hundred day moving average price is $130.70. Expedia Group, Inc. has a 1 year low of $92.48 and a 1 year high of $164.65. The firm has a market capitalization of $21.58 billion, a P/E ratio of 29.66, a price-to-earnings-growth ratio of 0.60 and a beta of 1.79.

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

About Expedia Group

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.