Expedia Group, Inc. (NASDAQ:EXPE) Stake Boosted by Empirical Finance LLC

Empirical Finance LLC grew its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,101 shares of the online travel company’s stock after purchasing an additional 157 shares during the quarter. Empirical Finance LLC’s holdings in Expedia Group were worth $703,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. ORG Partners LLC grew its holdings in Expedia Group by 4,525.0% in the 1st quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock worth $25,000 after buying an additional 181 shares in the last quarter. University of Texas Texas AM Investment Managment Co. bought a new position in Expedia Group in the 4th quarter worth approximately $26,000. City State Bank grew its holdings in Expedia Group by 157.3% in the 4th quarter. City State Bank now owns 193 shares of the online travel company’s stock worth $29,000 after buying an additional 118 shares in the last quarter. CVA Family Office LLC bought a new position in Expedia Group in the 4th quarter worth approximately $32,000. Finally, MV Capital Management Inc. grew its holdings in Expedia Group by 335.6% in the 4th quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock worth $48,000 after buying an additional 245 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

Expedia Group Stock Up 2.3 %

Shares of EXPE traded up $2.97 during mid-day trading on Friday, reaching $131.69. The company’s stock had a trading volume of 1,447,721 shares, compared to its average volume of 2,456,238. The business has a fifty day moving average of $119.15 and a 200 day moving average of $132.95. The company has a market cap of $17.95 billion, a price-to-earnings ratio of 24.57, a price-to-earnings-growth ratio of 0.49 and a beta of 1.78. Expedia Group, Inc. has a 1 year low of $92.48 and a 1 year high of $160.05. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 2.93.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, May 2nd. The online travel company reported ($0.39) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.96) by $0.57. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.80 billion. As a group, analysts forecast that Expedia Group, Inc. will post 9.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EXPE has been the subject of a number of research analyst reports. BTIG Research cut their target price on Expedia Group from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, May 21st. Jefferies Financial Group cut their target price on Expedia Group from $150.00 to $145.00 and set a “hold” rating for the company in a research report on Tuesday, March 19th. BMO Capital Markets restated a “market perform” rating and issued a $145.00 target price on shares of Expedia Group in a research report on Wednesday, May 15th. B. Riley cut their target price on Expedia Group from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Finally, Wedbush cut their target price on Expedia Group from $130.00 to $125.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Sixteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $148.24.

Insider Transactions at Expedia Group

In other news, CAO Lance A. Soliday sold 544 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $113.38, for a total value of $61,678.72. Following the transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $1,268,382.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Expedia Group news, Director Craig A. Jacobson sold 6,722 shares of the 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 transaction, the director now directly owns 32,620 shares of the company’s stock, valued at $3,676,600.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Lance A. Soliday sold 544 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $113.38, for a total transaction of $61,678.72. Following the transaction, the chief accounting officer now directly owns 11,187 shares in the company, valued at $1,268,382.06. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by company insiders.

Expedia Group Company Profile

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.