Expedia Group, Inc. (NASDAQ:EXPE) Holdings Increased by RNC Capital Management LLC

RNC Capital Management LLC grew its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,158 shares of the online travel company’s stock after buying an additional 199 shares during the quarter. RNC Capital Management LLC’s holdings in Expedia Group were worth $4,274,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXPE. Raymond James Trust N.A. raised its position in shares of Expedia Group by 17.6% during the 1st quarter. Raymond James Trust N.A. now owns 1,364 shares of the online travel company’s stock worth $267,000 after buying an additional 204 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Expedia Group by 6.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 301,932 shares of the online travel company’s stock worth $59,077,000 after buying an additional 17,680 shares in the last quarter. Blair William & Co. IL raised its position in shares of Expedia Group by 16.1% during the 1st quarter. Blair William & Co. IL now owns 6,052 shares of the online travel company’s stock worth $1,184,000 after buying an additional 838 shares in the last quarter. Prudential PLC bought a new stake in shares of Expedia Group during the 1st quarter worth about $397,000. Finally, Cetera Investment Advisers raised its position in shares of Expedia Group by 50.9% during the 1st quarter. Cetera Investment Advisers now owns 3,751 shares of the online travel company’s stock worth $734,000 after buying an additional 1,265 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Stock Performance

EXPE stock opened at $138.99 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $18.94 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 0.42 and a beta of 1.86. Expedia Group, Inc. has a 12 month low of $87.94 and a 12 month high of $160.05. The firm has a 50 day moving average of $140.82 and a two-hundred day moving average of $129.56.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.08 by $0.10. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.88 billion. Expedia Group had a net margin of 6.21% and a return on equity of 35.79%. As a group, equities analysts anticipate that Expedia Group, Inc. will post 9.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Mizuho boosted their target price on shares of Expedia Group from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. BMO Capital Markets assumed coverage on shares of Expedia Group in a report on Tuesday, January 9th. They issued an “outperform” rating and a $181.00 target price on the stock. Oppenheimer reiterated an “outperform” rating and issued a $175.00 target price on shares of Expedia Group in a report on Monday, February 5th. Jefferies Financial Group dropped their target price on shares of Expedia Group from $150.00 to $145.00 and set a “hold” rating on the stock in a report on Tuesday, March 19th. Finally, StockNews.com upgraded shares of Expedia Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Thirteen analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.12.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total value of $702,377.99. Following the completion of the sale, the chief accounting officer now directly owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total value of $702,377.99. Following the completion of the sale, the chief accounting officer now directly owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $150.04, for a total transaction of $1,500,400.00. Following the completion of the sale, the director now directly owns 216,521 shares of the company’s stock, valued at $32,486,810.84. The disclosure for this sale can be found here. Insiders sold 25,119 shares of company stock valued at $3,711,578 over the last ninety days. Corporate insiders own 8.07% of the company’s stock.

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.