University of Texas Texas AM Investment Managment Co. Invests $26,000 in Expedia Group, Inc. (NASDAQ:EXPE)

University of Texas Texas AM Investment Managment Co. bought a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 170 shares of the online travel company’s stock, valued at approximately $26,000. Expedia Group comprises approximately 0.0% of University of Texas Texas AM Investment Managment Co.’s investment portfolio, making the stock its 20th largest holding.

Several other hedge funds have also modified their holdings of EXPE. City State Bank boosted its stake in shares of Expedia Group by 157.3% during the 4th quarter. City State Bank now owns 193 shares of the online travel company’s stock worth $29,000 after acquiring an additional 118 shares in the last quarter. CVA Family Office LLC purchased a new position in Expedia Group in the 4th quarter valued at about $32,000. Parkside Financial Bank & Trust lifted its stake in Expedia Group by 173.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock valued at $35,000 after buying an additional 218 shares in the last quarter. MV Capital Management Inc. lifted its stake 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 valued at $48,000 after buying an additional 245 shares in the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new position in Expedia Group in the 4th quarter valued at about $65,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Expedia Group

In other news, Director Craig A. Jacobson sold 6,722 shares of Expedia Group 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 completion of the sale, the director now directly owns 32,620 shares of the company’s stock, valued at approximately $3,676,600.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CAO Lance A. Soliday sold 544 shares of the business’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 completion of the sale, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $1,268,382.06. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Craig A. Jacobson sold 6,722 shares of the business’s 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 completion of the sale, the director now directly owns 32,620 shares of the company’s stock, valued at $3,676,600.20. The disclosure for this sale can be found here. Corporate insiders own 8.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Royal Bank of Canada decreased their price target on shares of Expedia Group from $155.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Friday, May 3rd. Wedbush decreased their price target on shares of Expedia Group from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Wells Fargo & Company decreased their price target on shares of Expedia Group from $149.00 to $137.00 and set an “equal weight” rating on the stock in a research note on Friday, May 3rd. Susquehanna reissued a “neutral” rating and issued a $125.00 target price on shares of Expedia Group in a research note on Wednesday, May 15th. Finally, B. Riley decreased their target price on shares of Expedia Group from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Sixteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Expedia Group has an average rating of “Hold” and a consensus price target of $148.12.

Expedia Group Trading Up 1.0 %

Expedia Group stock traded up $1.19 during trading on Friday, hitting $124.61. The company had a trading volume of 1,592,564 shares, compared to its average volume of 1,987,295. The company’s 50 day simple moving average is $121.68 and its 200-day simple moving average is $135.38. The stock has a market cap of $16.98 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 2.93. Expedia Group, Inc. has a 1-year low of $92.48 and a 1-year high of $160.05.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, May 2nd. The online travel company reported ($0.39) EPS for the quarter, topping the consensus estimate of ($0.96) by $0.57. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.80 billion. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. As a group, analysts expect that Expedia Group, Inc. will post 9.33 EPS for the current fiscal year.

About Expedia Group

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.