Expedia Group, Inc. (NASDAQ:EXPE) Shares Bought by Raymond James Financial Services Advisors Inc.

Posted by Defense World Staff on May 19th, 2023

Raymond James Financial Services Advisors Inc. raised its position in Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,573 shares of the online travel company’s stock after purchasing an additional 4,596 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Expedia Group were worth $5,569,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Wetherby Asset Management Inc. boosted its holdings in 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 boosted its holdings in 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 holdings 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 worth $276,000 after acquiring an additional 110 shares during the last quarter. Wellington Management Group LLP lifted its holdings 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 worth $3,654,000 after acquiring an additional 117 shares during the last quarter. Finally, Quent Capital LLC lifted its holdings 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 worth $276,000 after acquiring an additional 125 shares during the last quarter. 89.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Benchmark restated a “buy” rating and issued a $160.00 price objective on shares of Expedia Group in a report on Friday, February 10th. Credit Suisse Group decreased their price objective on shares of Expedia Group from $174.00 to $172.00 in a report on Friday, May 5th. StockNews.com assumed coverage on shares of Expedia Group in a report on Thursday. They issued a “buy” rating on the stock. Piper Sandler decreased their price objective on shares of Expedia Group from $135.00 to $125.00 in a report on Friday, May 5th. Finally, Mizuho cut their target price on shares of Expedia Group from $120.00 to $110.00 in a research note on Friday, May 5th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $131.70.

Expedia Group Trading Up 3.2 %

Shares of Expedia Group stock opened at $98.27 on Friday. The company has a fifty day simple moving average of $93.14 and a 200-day simple moving average of $98.54. Expedia Group, Inc. has a 12-month low of $82.39 and a 12-month high of $135.42. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.90. The stock has a market cap of $14.56 billion, a price-to-earnings ratio of 49.88, a PEG ratio of 1.35 and a beta of 1.60.

Insider Activity

In other news, CAO Lance A. Soliday sold 462 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $91.66, for a total value of $42,346.92. Following the completion of the transaction, the chief accounting officer now owns 9,517 shares in the company, valued at approximately $872,328.22. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CAO Lance A. Soliday sold 5,387 shares of the stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $106.99, for a total transaction of $576,355.13. Following the completion of the sale, the chief accounting officer now owns 9,270 shares in the company, valued at approximately $991,797.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Lance A. Soliday sold 462 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $91.66, for a total transaction of $42,346.92. Following the sale, the chief accounting officer now owns 9,517 shares of the company’s stock, valued at approximately $872,328.22. The disclosure for this sale can be found here. Company insiders own 8.07% of the company’s stock.

About Expedia Group

(Get Rating)

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.