Los Angeles Capital Management LLC Sells 213,628 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Los Angeles Capital Management LLC trimmed its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 60.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,928 shares of the online travel company’s stock after selling 213,628 shares during the period. Los Angeles Capital Management LLC owned about 0.10% of Expedia Group worth $20,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. City State Bank lifted its holdings in Expedia Group by 157.3% during the fourth quarter. City State Bank now owns 193 shares of the online travel company’s stock worth $29,000 after buying an additional 118 shares during the period. CVA Family Office LLC purchased a new stake in Expedia Group during the fourth quarter valued at approximately $32,000. Parkside Financial Bank & Trust boosted its stake in Expedia Group by 173.0% in the third quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock valued at $35,000 after acquiring an additional 218 shares in the last quarter. MV Capital Management Inc. grew its holdings in Expedia Group by 335.6% in the fourth quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock worth $48,000 after purchasing an additional 245 shares during the last quarter. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of Expedia Group during the fourth quarter worth $65,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Analyst Upgrades and Downgrades

EXPE has been the subject of a number of recent analyst reports. Wedbush lowered their price objective on Expedia Group from $130.00 to $125.00 and set a “neutral” rating for the company in a research report on Friday. Mizuho lowered their target price on shares of Expedia Group from $140.00 to $135.00 and set a “neutral” rating for the company in a research note on Friday. DA Davidson restated a “neutral” rating and set a $135.00 price target (down previously from $152.00) on shares of Expedia Group in a research note on Friday. Royal Bank of Canada dropped their price objective on shares of Expedia Group from $155.00 to $140.00 and set a “sector perform” rating on the stock in a report on Friday. Finally, Wells Fargo & Company reduced their target price on Expedia Group from $149.00 to $137.00 and set an “equal weight” rating for the company in a research note on Friday. Fifteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $148.08.

Insider Activity at Expedia Group

In related news, CAO Lance A. Soliday sold 5,119 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total transaction of $702,377.99. Following the completion of the transaction, the chief accounting officer now owns 10,880 shares of the company’s stock, valued at approximately $1,492,844.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.07% of the stock is owned by insiders.

Expedia Group Trading Down 15.3 %

Shares of EXPE traded down $20.76 during mid-day trading on Friday, reaching $115.33. The stock had a trading volume of 13,956,064 shares, compared to its average volume of 1,820,841. Expedia Group, Inc. has a 52-week low of $87.94 and a 52-week high of $160.05. The firm has a market cap of $15.72 billion, a price-to-earnings ratio of 21.60, a P/E/G ratio of 0.42 and a beta of 1.83. The business’s fifty day moving average is $134.23 and its 200 day moving average is $134.85. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.78 and a quick ratio of 0.78.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.08 by $0.10. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. Expedia Group had a net margin of 6.18% and a return on equity of 38.69%. On average, sell-side analysts predict that Expedia Group, Inc. will post 9.7 EPS for the current fiscal year.

Expedia Group 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.