Private Advisor Group LLC Sells 1,493 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Private Advisor Group LLC cut its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 6.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,294 shares of the online travel company’s stock after selling 1,493 shares during the period. Private Advisor Group LLC’s holdings in Expedia Group were worth $3,152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Venture Visionary Partners LLC raised its stake in Expedia Group by 0.6% during the third quarter. Venture Visionary Partners LLC now owns 11,367 shares of the online travel company’s stock worth $1,683,000 after acquiring an additional 64 shares in the last quarter. First Trust Direct Indexing L.P. raised its stake in Expedia Group by 5.8% during the first quarter. First Trust Direct Indexing L.P. now owns 1,601 shares of the online travel company’s stock worth $221,000 after acquiring an additional 88 shares in the last quarter. Bleakley Financial Group LLC raised its stake in Expedia Group by 5.1% during the first quarter. Bleakley Financial Group LLC now owns 2,028 shares of the online travel company’s stock worth $279,000 after acquiring an additional 99 shares in the last quarter. AdvisorShares Investments LLC raised its stake in Expedia Group by 7.1% during the second quarter. AdvisorShares Investments LLC now owns 1,517 shares of the online travel company’s stock worth $186,000 after acquiring an additional 100 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Expedia Group by 93.8% during the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after acquiring an additional 105 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Citigroup increased their price objective on Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note 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 report on Friday, August 9th. Cantor Fitzgerald restated a “neutral” rating and set a $130.00 target price on shares of Expedia Group in a report on Monday, October 7th. Barclays decreased their target price on Expedia Group from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Finally, Benchmark restated a “buy” rating and set a $180.00 target price on shares of Expedia Group in a report on Friday, August 9th. Nineteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $152.54.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 5,417 shares of Expedia Group stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the sale, the insider now 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Robert J. Dzielak sold 5,417 shares of Expedia Group stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the sale, the insider now 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred 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 completion of the sale, the director now directly owns 198,505 shares in the company, valued at approximately $29,811,480.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,019 shares of company stock valued at $5,390,191 over the last 90 days. 8.07% of the stock is owned by company insiders.

Expedia Group Trading Down 0.2 %

NASDAQ EXPE opened at $158.00 on Tuesday. The firm has a market cap of $21.53 billion, a P/E ratio of 29.59, a P/E/G ratio of 0.63 and a beta of 1.79. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.76 and a quick ratio of 0.76. The stock’s 50-day moving average is $144.75 and its 200-day moving average is $131.24. Expedia Group, Inc. has a one year low of $92.48 and a one year high of $164.65.

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