Oak Ridge Investments LLC Decreases Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Oak Ridge Investments LLC lessened its position in Expedia Group, Inc. (NASDAQ:EXPE) by 6.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,660 shares of the online travel company’s stock after selling 623 shares during the quarter. Oak Ridge Investments LLC’s holdings in Expedia Group were worth $1,193,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. University of Texas Texas AM Investment Managment Co. purchased a new position in shares of Expedia Group in the fourth quarter valued at approximately $26,000. City State Bank lifted its position 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 in the last quarter. CVA Family Office LLC purchased a new position in Expedia Group during the fourth quarter worth approximately $32,000. MV Capital Management Inc. lifted its position in Expedia Group by 335.6% during the fourth 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. Finally, Mather Group LLC. purchased a new position in Expedia Group during the first quarter worth approximately $52,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Analysts Set New Price Targets

EXPE has been the topic of a number of analyst reports. Barclays reduced their price objective on Expedia Group from $158.00 to $138.00 and set an “equal weight” rating on the stock in a research report on Monday, May 6th. BMO Capital Markets reiterated a “market perform” rating and set a $145.00 price objective on shares of Expedia Group in a research report on Wednesday, May 15th. Benchmark reiterated a “buy” rating and set a $180.00 price objective on shares of Expedia Group in a research report on Tuesday. JPMorgan Chase & Co. reduced their target price on Expedia Group from $136.00 to $128.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Finally, Wells Fargo & Company reduced their target price on Expedia Group from $149.00 to $137.00 and set an “equal weight” rating on the stock in a research report on Friday, May 3rd. Sixteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Expedia Group has an average rating of “Hold” and a consensus price target of $148.12.

Insider Buying and Selling

In related news, CAO Lance A. Soliday sold 544 shares of the business’s 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 completion of the transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at approximately $1,268,382.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Craig A. Jacobson sold 6,722 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total transaction of $757,636.62. Following the completion of the transaction, 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 legal filing with the SEC, which is available at this hyperlink. Also, CAO Lance A. Soliday sold 544 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was 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 disclosure for this sale can be found here. 8.07% of the stock is currently owned by insiders.

Expedia Group Stock Down 0.5 %

EXPE traded down $0.64 on Friday, hitting $123.61. 1,492,178 shares of the company were exchanged, compared to its average volume of 1,746,379. Expedia Group, Inc. has a twelve month low of $92.48 and a twelve month high of $160.05. The company has a market cap of $16.85 billion, a price-to-earnings ratio of 23.15, 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. The firm has a 50-day moving average price of $119.71 and a two-hundred day moving average price of $133.62.

Expedia Group (NASDAQ:EXPE) last released its 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. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.80 billion. On average, equities analysts predict that Expedia Group, Inc. will post 9.25 earnings per share for the current 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.