Commerce Bank Has $676,000 Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Commerce Bank lowered its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 89.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,124 shares of the online travel company’s stock after selling 33,452 shares during the period. Commerce Bank’s holdings in Expedia Group were worth $676,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EXPE. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Expedia Group by 14.8% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 25,560 shares of the online travel company’s stock valued at $4,184,000 after buying an additional 3,299 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in Expedia Group by 194.8% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 457 shares of the online travel company’s stock valued at $75,000 after buying an additional 302 shares during the last quarter. Rafferty Asset Management LLC grew its holdings in Expedia Group by 39.9% in the 2nd quarter. Rafferty Asset Management LLC now owns 14,431 shares of the online travel company’s stock valued at $2,362,000 after buying an additional 4,113 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in Expedia Group by 679.2% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 13,495 shares of the online travel company’s stock valued at $2,209,000 after buying an additional 11,763 shares during the last quarter. Finally, Empirical Finance LLC acquired a new stake in Expedia Group in the 2nd quarter valued at approximately $260,000. 92.04% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have commented on the company. TheStreet downgraded Expedia Group from a “b-” rating to a “c” rating in a research report on Tuesday, November 30th. Jefferies Financial Group assumed coverage on Expedia Group in a research report on Friday, January 7th. They issued a “hold” rating and a $200.00 price objective for the company. Susquehanna Bancshares raised their price objective on Expedia Group from $170.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, November 8th. Citigroup raised their price objective on Expedia Group from $166.00 to $190.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 9th. Finally, Credit Suisse Group raised their price objective on Expedia Group from $198.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, November 5th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $188.93.

In other Expedia Group news, Director Dara Khosrowshahi sold 15,000 shares of the business’s stock in a transaction dated Monday, January 3rd. The stock was sold at an average price of $183.45, for a total value of $2,751,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 7,741 shares of the business’s stock in a transaction dated Tuesday, January 4th. The shares were sold at an average price of $190.15, for a total value of $1,471,951.15. The disclosure for this sale can be found here. Over the last three months, insiders sold 166,569 shares of company stock valued at $29,968,561. Insiders own 5.00% of the company’s stock.

Shares of Expedia Group stock opened at $184.40 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 2.49. Expedia Group, Inc. has a 12 month low of $118.30 and a 12 month high of $191.85. The business has a fifty day simple moving average of $174.43 and a 200 day simple moving average of $163.80.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, November 4th. The online travel company reported $3.53 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $2.31. Expedia Group had a negative return on equity of 14.40% and a negative net margin of 10.46%. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the previous year, the firm earned ($0.49) earnings per share. The firm’s quarterly revenue was up 96.9% compared to the same quarter last year. As a group, equities research analysts expect that Expedia Group, Inc. will post -0.74 EPS for the current fiscal year.

Expedia Group Profile

Expedia Group, Inc is an online travel company, which engages in the provision of travel products and services to leisure and corporate travelers. It operates through the following business segments: Retail, B2B and trivago. The Retail segment provides a full range of travel and advertising services to worldwide customers through a variety of consumer brands including: Expedia.com and Hotels.com.

Featured Article: Asset Allocation and Your Retirement

Want to see what other hedge funds are holding EXPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expedia Group, Inc. (NASDAQ:EXPE).

Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

Receive News & Ratings for Expedia Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia Group and related companies with MarketBeat.com's FREE daily email newsletter.