Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Alerus Financial NA

Posted by Defense World Staff on Jun 13th, 2023

Alerus Financial NA decreased its position in Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) by 94.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,086 shares of the online travel company’s stock after selling 94,234 shares during the period. Alerus Financial NA’s holdings in Expedia Group were worth $446,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Expedia Group by 95.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 12,528 shares of the online travel company’s stock valued at $1,174,000 after acquiring an additional 6,128 shares in the last quarter. Oarsman Capital Inc. purchased a new stake in shares of Expedia Group in the third quarter valued at $228,000. Greenleaf Trust purchased a new stake in shares of Expedia Group in the third quarter valued at $205,000. Allstate Corp purchased a new stake in shares of Expedia Group in the third quarter valued at $871,000. Finally, Oversea Chinese Banking CORP Ltd purchased a new stake in shares of Expedia Group in the fourth quarter valued at $273,000. Institutional investors and hedge funds own 89.89% of the company’s stock.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 462 shares of Expedia Group 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.07% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on EXPE shares. Gordon Haskett upgraded Expedia Group from a “hold” rating to a “buy” rating in a research report on Tuesday, May 16th. Susquehanna reduced their target price on Expedia Group from $116.00 to $105.00 in a research report on Monday, May 8th. StockNews.com assumed coverage on Expedia Group in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Barclays reduced their target price on Expedia Group from $117.00 to $113.00 in a research report on Friday, May 5th. Finally, Credit Suisse Group reduced their target price on Expedia Group from $174.00 to $172.00 in a research report on Friday, May 5th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $127.85.

Expedia Group Trading Up 0.3 %

Shares of NASDAQ EXPE opened at $110.81 on Tuesday. The company has a market cap of $16.41 billion, a price-to-earnings ratio of 56.25, a price-to-earnings-growth ratio of 1.64 and a beta of 1.60. Expedia Group, Inc. has a 12-month low of $82.39 and a 12-month high of $124.95. 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’s 50 day simple moving average is $95.50 and its 200 day simple moving average is $99.23.

Expedia Group (NASDAQ:EXPE – Get Rating) last announced its quarterly earnings results on Thursday, May 4th. The online travel company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($0.27). The company had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.69 billion. Expedia Group had a return on equity of 22.98% and a net margin of 2.72%. Equities research analysts expect that Expedia Group, Inc. will post 6.75 EPS for the current year.

Expedia Group Company 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.