Ethic Inc. Purchases 2,475 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Ethic Inc. increased its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 11.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,285 shares of the online travel company’s stock after purchasing an additional 2,475 shares during the quarter. Ethic Inc.’s holdings in Expedia Group were worth $4,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of EXPE. SRH Advisors LLC bought a new position in Expedia Group in the 4th quarter worth $28,000. Sava Infond d.o.o. purchased a new position in shares of Expedia Group during the fourth quarter valued at about $28,000. Grove Bank & Trust raised its stake in Expedia Group by 676.2% in the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock worth $30,000 after buying an additional 142 shares in the last quarter. Prudent Man Investment Management Inc. purchased a new stake in Expedia Group in the fourth quarter worth about $34,000. Finally, Optiver Holding B.V. bought a new stake in Expedia Group during the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EXPE. JPMorgan Chase & Co. decreased their target price on Expedia Group from $205.00 to $170.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $210.00 price objective (up previously from $180.00) on shares of Expedia Group in a report on Friday, February 7th. JMP Securities restated a “market perform” rating on shares of Expedia Group in a report on Friday, February 7th. Piper Sandler lowered shares of Expedia Group from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $174.00 to $135.00 in a research note on Friday. Finally, UBS Group dropped their price objective on shares of Expedia Group from $194.00 to $170.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $189.04.

Expedia Group Stock Performance

Shares of EXPE opened at $156.55 on Friday. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73. The business has a fifty day moving average of $161.69 and a 200 day moving average of $175.75. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $20.17 billion, a P/E ratio of 17.30, a PEG ratio of 0.92 and a beta of 1.62.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. Expedia Group’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 EPS. As a group, sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current year.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the completion of the sale, the insider now owns 74,502 shares of the company’s stock, valued at $15,325,061.40. The trade was a 6.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 6.80% of the stock is owned by corporate insiders.

Expedia Group Company 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.