Simplicity Wealth LLC Takes Position in Expedia Group, Inc. (NASDAQ:EXPE)

Simplicity Wealth LLC purchased a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,027 shares of the online travel company’s stock, valued at approximately $279,000.

Several other large investors have also recently modified their holdings of the business. ValueAct Holdings L.P. acquired a new stake in shares of Expedia Group during the fourth quarter worth $645,346,000. Boston Partners increased its position in shares of Expedia Group by 1.3% during the third quarter. Boston Partners now owns 2,567,830 shares of the online travel company’s stock worth $264,627,000 after buying an additional 32,191 shares during the period. Norges Bank acquired a new stake in shares of Expedia Group during the fourth quarter worth $334,632,000. Lyrical Asset Management LP increased its position in shares of Expedia Group by 0.8% during the fourth quarter. Lyrical Asset Management LP now owns 1,796,068 shares of the online travel company’s stock worth $272,625,000 after buying an additional 13,792 shares during the period. Finally, Northern Trust Corp increased its position in shares of Expedia Group by 1.5% during the third quarter. Northern Trust Corp now owns 1,557,816 shares of the online travel company’s stock worth $160,564,000 after buying an additional 22,518 shares during the period. Institutional investors own 90.76% of the company’s stock.

Expedia Group Trading Down 1.4 %

NASDAQ:EXPE traded down $1.58 during midday trading on Thursday, reaching $110.49. 1,931,590 shares of the stock traded hands, compared to its average volume of 2,635,706. The company has a fifty day moving average of $128.00 and a 200 day moving average of $136.69. Expedia Group, Inc. has a 12 month low of $92.00 and a 12 month high of $160.05. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $15.06 billion, a P/E ratio of 20.99, a PEG ratio of 0.42 and a beta of 1.83.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on EXPE shares. BMO Capital Markets reiterated a “market perform” rating and set a $145.00 price objective on shares of Expedia Group in a research report on Wednesday, May 15th. BTIG Research reduced their price target on shares of Expedia Group from $175.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday. DA Davidson restated a “neutral” rating and issued a $135.00 price target (down from $152.00) on shares of Expedia Group in a report on Friday, May 3rd. B. Riley reduced their price target on shares of Expedia Group from $200.00 to $190.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Finally, Mizuho reduced their price target on shares of Expedia Group from $140.00 to $135.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Sixteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $148.12.

Insider Activity at Expedia Group

In related news, Director Craig A. Jacobson sold 6,722 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $112.71, for a total transaction of $757,636.62. Following the completion of the sale, the director now directly owns 32,620 shares in the company, valued at approximately $3,676,600.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.07% of the stock is currently owned by company insiders.

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.