Expedia Group, Inc. (NASDAQ:EXPE) Holdings Trimmed by Parallel Advisors LLC

Posted by Defense World Staff on May 3rd, 2023

Parallel Advisors LLC reduced its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) by 17.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 996 shares of the online travel company’s stock after selling 204 shares during the period. Parallel Advisors LLC’s holdings in Expedia Group were worth $87,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wetherby Asset Management Inc. lifted its stake in shares of Expedia Group by 3.9% in the 1st quarter. Wetherby Asset Management Inc. now owns 2,694 shares of the online travel company’s stock valued at $527,000 after purchasing an additional 100 shares during the last quarter. IHT Wealth Management LLC lifted its stake in shares of Expedia Group by 3.3% in the 3rd quarter. IHT Wealth Management LLC now owns 3,215 shares of the online travel company’s stock valued at $301,000 after purchasing an additional 104 shares during the last quarter. Forum Financial Management LP lifted its stake in shares of Expedia Group by 8.5% in the 1st quarter. Forum Financial Management LP now owns 1,411 shares of the online travel company’s stock valued at $276,000 after purchasing an additional 110 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Expedia Group by 0.6% in the 1st quarter. Wellington Management Group LLP now owns 18,671 shares of the online travel company’s stock valued at $3,654,000 after purchasing an additional 117 shares during the last quarter. Finally, Quent Capital LLC lifted its stake in shares of Expedia Group by 4.4% in the 3rd quarter. Quent Capital LLC now owns 2,942 shares of the online travel company’s stock valued at $276,000 after purchasing an additional 125 shares during the last quarter. 89.89% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Stock Performance

Shares of EXPE stock opened at $93.24 on Wednesday. The stock has a market cap of $14.30 billion, a PE ratio of 43.57, a price-to-earnings-growth ratio of 0.93 and a beta of 1.60. The company’s fifty day moving average price is $96.53 and its 200-day moving average price is $98.91. Expedia Group, Inc. has a 12 month low of $82.39 and a 12 month high of $169.16. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.67.

Expedia Group (NASDAQ:EXPE – Get Rating) last released its earnings results on Thursday, February 9th. The online travel company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.85 by ($0.59). Expedia Group had a return on equity of 21.58% and a net margin of 3.02%. The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the prior year, the company posted $0.58 earnings per share. The company’s revenue was up 14.9% compared to the same quarter last year. On average, equities analysts expect that Expedia Group, Inc. will post 7.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EXPE has been the subject of a number of research analyst reports. Benchmark reaffirmed a “buy” rating and set a $160.00 price objective on shares of Expedia Group in a research report on Friday, February 10th. Mizuho upped their price objective on shares of Expedia Group from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, February 10th. Oppenheimer upped their target price on shares of Expedia Group from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, February 10th. Piper Sandler increased their price objective on shares of Expedia Group from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, February 10th. Finally, Barclays cut their price objective on shares of Expedia Group from $140.00 to $117.00 and set an “overweight” rating on the stock in a report on Friday, April 21st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $136.79.

Insider Buying and Selling

In other Expedia Group news, CAO Lance A. Soliday sold 5,387 shares of the stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $106.99, for a total value of $576,355.13. Following the sale, the chief accounting officer now owns 9,270 shares in the company, valued at $991,797.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Expedia Group news, CAO Lance A. Soliday sold 5,387 shares of Expedia Group stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $106.99, for a total value of $576,355.13. Following the transaction, the chief accounting officer now owns 9,270 shares in the company, valued at $991,797.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lance A. Soliday sold 605 shares of Expedia Group stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $116.71, for a total value of $70,609.55. Following the completion of the transaction, the chief accounting officer now owns 9,270 shares in the company, valued at approximately $1,081,901.70. The disclosure for this sale can be found here. 7.52% of the stock is owned by corporate insiders.

Expedia Group Profile

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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 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.