Oak Ridge Investments LLC Has $1.19 Million Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Oak Ridge Investments LLC cut its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 6.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,660 shares of the online travel company’s stock after selling 623 shares during the quarter. Oak Ridge Investments LLC’s holdings in Expedia Group were worth $1,193,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. University of Texas Texas AM Investment Managment Co. acquired a new position in Expedia Group during the fourth quarter worth $26,000. City State Bank lifted its stake in shares of Expedia Group by 157.3% in the fourth quarter. City State Bank now owns 193 shares of the online travel company’s stock valued at $29,000 after buying an additional 118 shares during the period. CVA Family Office LLC bought a new stake in shares of Expedia Group in the fourth quarter valued at about $32,000. MV Capital Management Inc. lifted its stake in shares of Expedia Group by 335.6% in the fourth quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock valued at $48,000 after buying an additional 245 shares during the period. Finally, Mather Group LLC. bought a new position in Expedia Group during the first quarter worth about $52,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXPE has been the subject of several recent analyst reports. HSBC dropped their price objective on shares of Expedia Group from $166.00 to $132.00 and set a “hold” rating for the company in a report on Tuesday, May 7th. Oppenheimer reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Expedia Group in a report on Monday, April 29th. Jefferies Financial Group dropped their price objective on shares of Expedia Group from $150.00 to $145.00 and set a “hold” rating for the company in a report on Tuesday, March 19th. BMO Capital Markets reaffirmed a “market perform” rating and set a $145.00 price objective on shares of Expedia Group in a report on Wednesday, May 15th. Finally, B. Riley dropped their price objective on shares of Expedia Group from $200.00 to $190.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Sixteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $148.12.

Insider Buying and Selling at Expedia Group

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

Expedia Group Stock Performance

NASDAQ EXPE traded down $0.64 during trading on Friday, reaching $123.61. The company’s stock had a trading volume of 1,492,178 shares, compared to its average volume of 1,746,379. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 2.93. The firm has a market capitalization of $16.85 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78. Expedia Group, Inc. has a 12 month low of $92.48 and a 12 month high of $160.05. The firm has a 50 day moving average price of $119.71 and a 200 day moving average price of $133.62.

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

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.