Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Grimes & Company Inc.

Grimes & Company Inc. cut its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 7.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,565 shares of the online travel company’s stock after selling 270 shares during the period. Grimes & Company Inc.’s holdings in Expedia Group were worth $528,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Venture Visionary Partners LLC increased its position in shares of Expedia Group by 0.6% in the 3rd quarter. Venture Visionary Partners LLC now owns 11,367 shares of the online travel company’s stock valued at $1,683,000 after acquiring an additional 64 shares during the period. Private Advisor Group LLC increased its position in shares of Expedia Group by 0.4% in the 1st quarter. Private Advisor Group LLC now owns 24,351 shares of the online travel company’s stock valued at $3,354,000 after acquiring an additional 87 shares during the period. First Trust Direct Indexing L.P. increased its position in shares of Expedia Group by 5.8% in the 1st quarter. First Trust Direct Indexing L.P. now owns 1,601 shares of the online travel company’s stock valued at $221,000 after acquiring an additional 88 shares during the period. Bleakley Financial Group LLC increased its position in shares of Expedia Group by 5.1% in the 1st quarter. Bleakley Financial Group LLC now owns 2,028 shares of the online travel company’s stock valued at $279,000 after acquiring an additional 99 shares during the period. Finally, AdvisorShares Investments LLC increased its position in shares of Expedia Group by 7.1% in the 2nd quarter. AdvisorShares Investments LLC now owns 1,517 shares of the online travel company’s stock valued at $186,000 after acquiring an additional 100 shares during the period. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Stock Up 1.3 %

Shares of NASDAQ EXPE opened at $160.45 on Friday. The company has a 50 day simple moving average of $143.19 and a 200-day simple moving average of $130.70. The company has a market capitalization of $21.87 billion, a P/E ratio of 30.05, a P/E/G ratio of 0.60 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. Expedia Group, Inc. has a 1 year low of $92.48 and a 1 year high of $164.65.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results 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 business had revenue of $3.56 billion during 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 was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.34 EPS. On average, equities research analysts predict that Expedia Group, Inc. will post 8.98 earnings per share for the current year.

Insider Transactions at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $150.21, for a total value of $1,502,100.00. Following the completion of the sale, the director now owns 208,505 shares in the company, valued at approximately $31,319,536.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $150.21, for a total value of $1,502,100.00. Following the completion of the sale, the director now owns 208,505 shares in the company, valued at approximately $31,319,536.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert J. Dzielak sold 5,417 shares of Expedia Group stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $134.60, for a total transaction of $729,128.20. Following the completion of the sale, the insider now owns 84,543 shares of the company’s stock, valued at $11,379,487.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,019 shares of company stock worth $5,390,191 in the last 90 days. Insiders own 8.07% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPE has been the topic of several recent research reports. Wells Fargo & Company upped their price target on shares of Expedia Group from $130.00 to $159.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Truist Financial initiated coverage on shares of Expedia Group in a report on Friday, September 6th. They issued a “hold” rating and a $148.00 price target on the stock. Barclays lowered their price target on shares of Expedia Group from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Jefferies Financial Group upped their price target on shares of Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a report on Tuesday. Finally, Benchmark reaffirmed a “buy” rating and issued a $180.00 price target 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $152.15.

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.