Trust Asset Management LLC Acquires New Position in Expedia Group, Inc. (NASDAQ:EXPE)

Trust Asset Management LLC acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,752 shares of the online travel company’s stock, valued at approximately $266,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. City State Bank raised its position in shares of Expedia Group by 157.3% in the 4th quarter. City State Bank now owns 193 shares of the online travel company’s stock valued at $29,000 after purchasing an additional 118 shares during the last quarter. CVA Family Office LLC purchased a new position in shares of Expedia Group in the 4th quarter valued at approximately $32,000. Parkside Financial Bank & Trust raised its position in shares of Expedia Group by 173.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock valued at $35,000 after purchasing an additional 218 shares during the last quarter. UMB Bank n.a. raised its position in shares of Expedia Group by 79.7% in the 3rd quarter. UMB Bank n.a. now owns 354 shares of the online travel company’s stock valued at $36,000 after purchasing an additional 157 shares during the last quarter. Finally, MV Capital Management Inc. raised its position in Expedia Group by 335.6% during the 4th quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock worth $48,000 after buying an additional 245 shares during the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Expedia Group

In related news, CAO Lance A. Soliday sold 5,119 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total value of $702,377.99. Following the sale, the chief accounting officer now directly owns 10,880 shares in the company, valued at approximately $1,492,844.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CAO Lance A. Soliday sold 5,119 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total value of $702,377.99. Following the sale, the chief accounting officer now directly owns 10,880 shares in the company, valued at approximately $1,492,844.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were 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 owns 216,521 shares in the company, valued at $32,486,810.84. The disclosure for this sale can be found here. Insiders own 8.07% of the company’s stock.

Analyst Ratings Changes

EXPE has been the subject of a number of recent research reports. StockNews.com raised shares of Expedia Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. The Goldman Sachs Group raised their price target on shares of Expedia Group from $155.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. Bank of America lowered shares of Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 price target for the company. in a research report on Friday, February 9th. Benchmark raised their price target on shares of Expedia Group from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Finally, Wells Fargo & Company reduced their price target on shares of Expedia Group from $159.00 to $155.00 and set an “equal weight” rating for the company in a research report on Friday, February 9th. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $149.12.

Expedia Group Price Performance

Expedia Group stock traded up $0.45 during trading on Thursday, reaching $136.25. The company had a trading volume of 1,501,543 shares, compared to its average volume of 2,422,239. The firm’s 50-day simple moving average is $134.31 and its 200 day simple moving average is $133.68. Expedia Group, Inc. has a 1-year low of $87.94 and a 1-year high of $160.05. The firm has a market capitalization of $18.57 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 0.41 and a beta of 1.86. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.78 and a current ratio of 0.78.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.10. Expedia Group had a net margin of 6.21% and a return on equity of 35.79%. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.88 billion. As a group, equities research analysts anticipate that Expedia Group, Inc. will post 9.72 earnings per share for the current fiscal year.

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.