Hantz Financial Services Inc. decreased its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,835 shares of the online travel company’s stock after selling 145 shares during the period. Hantz Financial Services Inc.’s holdings in Expedia Group were worth $528,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Windacre Partnership LLC grew its holdings in Expedia Group by 49.5% in the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock worth $639,994,000 after purchasing an additional 1,431,500 shares during the period. Pacer Advisors Inc. grew its stake in shares of Expedia Group by 22.5% in the 3rd quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock valued at $481,170,000 after buying an additional 596,510 shares during the period. Alkeon Capital Management LLC increased its position in Expedia Group by 46.3% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock valued at $233,349,000 after buying an additional 498,934 shares in the last quarter. KBC Group NV raised its stake in Expedia Group by 326.9% during the 4th quarter. KBC Group NV now owns 293,482 shares of the online travel company’s stock worth $54,685,000 after buying an additional 224,732 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in Expedia Group by 9.4% in the third quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock worth $250,078,000 after acquiring an additional 144,579 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.
Insiders Place Their Bets
In related news, insider Robert J. Dzielak sold 1,951 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the transaction, the insider now directly owns 85,250 shares in the company, valued at approximately $15,345,000. This represents a 2.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the sale, the director now owns 168,505 shares of the company’s stock, valued at approximately $31,198,700.75. The trade was a 5.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,951 shares of company stock worth $3,476,610 in the last ninety days. 6.80% of the stock is currently owned by insiders.
Expedia Group Trading Down 0.6 %
Expedia Group (NASDAQ:EXPE – Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The online travel company reported $5.18 EPS for the quarter, missing analysts’ consensus estimates of $5.42 by ($0.24). Expedia Group had a net margin of 7.97% and a return on equity of 49.25%. The firm had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter last year, the firm earned $4.85 earnings per share. On average, equities analysts expect that Expedia Group, Inc. will post 8.76 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
EXPE has been the topic of a number of research reports. Argus upped their target price on Expedia Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. JPMorgan Chase & Co. lifted their price objective on shares of Expedia Group from $135.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, November 8th. DA Davidson upped their target price on shares of Expedia Group from $135.00 to $190.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. Melius upgraded Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 price target for the company in a research note on Monday, January 6th. Finally, Barclays increased their price objective on Expedia Group from $153.00 to $166.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Twenty analysts have rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $177.75.
View Our Latest Report on EXPE
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.
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