Stock Yards Bank & Trust Co. Trims Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Stock Yards Bank & Trust Co. decreased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 1.7% during the fourth quarter, HoldingsChannel reports. The firm owned 213,096 shares of the online travel company’s stock after selling 3,589 shares during the period. Expedia Group makes up approximately 1.4% of Stock Yards Bank & Trust Co.’s holdings, making the stock its 21st biggest holding. Stock Yards Bank & Trust Co.’s holdings in Expedia Group were worth $39,706,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Grove Bank & Trust boosted its stake in shares of Expedia Group by 676.2% during the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock valued at $30,000 after purchasing an additional 142 shares during the period. Venturi Wealth Management LLC boosted its position in Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after acquiring an additional 291 shares in the last quarter. Brooklyn Investment Group bought a new position in Expedia Group in the third quarter worth $51,000. Future Financial Wealth Managment LLC purchased a new position in Expedia Group during the 3rd quarter valued at about $74,000. Finally, UMB Bank n.a. boosted its position in shares of Expedia Group by 14.8% in the 4th quarter. UMB Bank n.a. now owns 489 shares of the online travel company’s stock worth $91,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Susquehanna boosted their price objective on shares of Expedia Group from $145.00 to $190.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Wells Fargo & Company reduced their target price on shares of Expedia Group from $172.00 to $168.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. increased their target price on Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Bank of America upgraded Expedia Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $187.00 to $221.00 in a report on Wednesday, December 18th. Twenty analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $177.75.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $170.95 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03. The firm’s 50 day moving average is $183.26 and its two-hundred day moving average is $159.11. The firm has a market capitalization of $21.94 billion, a P/E ratio of 22.00, a PEG ratio of 0.77 and a beta of 1.83. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $192.34.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, November 7th. The online travel company reported $5.18 earnings per share for the quarter, missing the consensus estimate of $5.42 by ($0.24). Expedia Group had a net margin of 7.97% and a return on equity of 49.25%. The business had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the previous year, the firm earned $4.85 EPS. Analysts anticipate that Expedia Group, Inc. will post 8.76 earnings per share for the current year.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 1,951 shares of the firm’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 transaction of $351,180.00. Following the completion of the sale, the insider now directly owns 85,250 shares in the company, valued at approximately $15,345,000. This trade represents a 2.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 stock was sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the completion of the transaction, the director now owns 168,505 shares in the company, valued at approximately $31,198,700.75. This trade represents a 5.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,951 shares of company stock valued at $3,476,610. Corporate insiders own 6.80% of the company’s stock.

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.