Schechter Investment Advisors LLC Acquires 551 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Posted by Defense World Staff on Jul 20th, 2023

Schechter Investment Advisors LLC grew its position in Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 17.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,710 shares of the online travel company’s stock after purchasing an additional 551 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Expedia Group were worth $360,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Salem Investment Counselors Inc. bought a new stake in shares of Expedia Group in the 1st quarter valued at $44,000. Ronald Blue Trust Inc. lifted its position in shares of Expedia Group by 94.0% during the 4th quarter. Ronald Blue Trust Inc. now owns 258 shares of the online travel company’s stock valued at $25,000 after acquiring an additional 125 shares during the period. Covestor Ltd lifted its position in shares of Expedia Group by 144.1% during the 1st quarter. Covestor Ltd now owns 271 shares of the online travel company’s stock valued at $53,000 after acquiring an additional 160 shares during the period. Almanack Investment Partners LLC. acquired a new position in shares of Expedia Group during the 3rd quarter valued at $26,000. Finally, CoreCap Advisors LLC acquired a new position in shares of Expedia Group during the 4th quarter valued at $28,000. 89.84% of the stock is owned by institutional investors.

Expedia Group Price Performance

EXPE opened at $119.10 on Thursday. The firm has a market cap of $17.64 billion, a P/E ratio of 60.46, a PEG ratio of 1.78 and a beta of 1.61. The firm has a 50-day moving average of $105.71 and a 200 day moving average of $102.65. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.83 and a current ratio of 0.83. Expedia Group, Inc. has a fifty-two week low of $82.39 and a fifty-two week high of $124.95.

Expedia Group (NASDAQ:EXPE – Get Free Report) last posted its quarterly earnings results on Thursday, May 4th. The online travel company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.46) by ($0.27). The company had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.69 billion. Expedia Group had a net margin of 2.72% and a return on equity of 22.98%. On average, research analysts expect that Expedia Group, Inc. will post 6.8 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Gordon Haskett upgraded shares of Expedia Group from a “hold” rating to a “buy” rating in a research report on Tuesday, May 16th. B. Riley assumed coverage on shares of Expedia Group in a research report on Wednesday, June 21st. They set a “buy” rating and a $160.00 target price on the stock. Citigroup dropped their target price on shares of Expedia Group from $125.00 to $105.00 in a research report on Wednesday, May 17th. Wedbush started coverage on shares of Expedia Group in a report on Monday, June 5th. They set a “neutral” rating and a $116.00 price objective on the stock. Finally, Mizuho lowered their price objective on shares of Expedia Group from $120.00 to $110.00 in a report on Friday, May 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Expedia Group has a consensus rating of “Hold” and a consensus target price of $128.28.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 462 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $91.66, for a total transaction of $42,346.92. Following the completion of the transaction, the chief accounting officer now owns 9,517 shares in the company, valued at $872,328.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.07% of the company’s stock.

Expedia Group Company Profile

(Free Report)

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio includes Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz; Travelocity; Wotif Group; CheapTickets; ebookers; Expedia; Hotwire; CarRentals.com; Classic Vacations; and Expedia Cruise.