WT Wealth Management Sells 733 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

WT Wealth Management cut its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 5.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,634 shares of the online travel company’s stock after selling 733 shares during the period. WT Wealth Management’s holdings in Expedia Group were worth $1,857,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in 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 in the last quarter. DoubleLine ETF Adviser LP acquired a new stake in shares of Expedia Group in the 2nd quarter valued at $465,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Expedia Group by 18.3% in the 1st 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 buying an additional 23,939 shares during the period. Swedbank AB increased its stake in shares of Expedia Group by 5.0% in the 2nd quarter. Swedbank AB now owns 169,076 shares of the online travel company’s stock valued at $21,302,000 after buying an additional 8,026 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in shares of Expedia Group by 33.7% in the 1st quarter. Advisors Asset Management Inc. now owns 7,927 shares of the online travel company’s stock valued at $1,092,000 after buying an additional 1,996 shares during the period. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Stock Performance

NASDAQ:EXPE traded down $1.93 during mid-day trading on Tuesday, reaching $161.24. 643,789 shares of the company’s stock were exchanged, compared to its average volume of 2,209,249. The firm has a market capitalization of $21.98 billion, a PE ratio of 30.46, a price-to-earnings-growth ratio of 0.60 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. Expedia Group, Inc. has a one year low of $92.48 and a one year high of $164.65. The business’s fifty day simple moving average is $141.99 and its two-hundred day simple moving average is $130.30.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 6.09% and a return on equity of 47.55%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.34 earnings per share. Analysts anticipate that Expedia Group, Inc. will post 8.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the 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 sale, the insider now directly owns 84,543 shares in the company, valued at $11,379,487.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s 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 transaction, the director now owns 198,505 shares in the company, valued at $29,811,480.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,019 shares of company stock worth $5,390,191 over the last ninety days. Corporate insiders own 8.07% of the company’s stock.

Analyst Ratings Changes

EXPE has been the topic of several recent research reports. Benchmark restated a “buy” rating and issued a $180.00 price target on shares of Expedia Group in a research report on Friday, August 9th. Citigroup raised their price target on Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. UBS Group reduced their price target on Expedia Group from $140.00 to $137.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Susquehanna lifted their target price on Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, Barclays dropped their price target on Expedia Group from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Nineteen equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Expedia Group has a consensus rating of “Hold” and a consensus price target of $151.42.

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.