BOKF NA lowered its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 43.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,105 shares of the online travel company's stock after selling 13,826 shares during the period. BOKF NA's holdings in Expedia Group were worth $3,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. SRH Advisors LLC acquired a new stake in Expedia Group in the 4th quarter valued at approximately $28,000. Sava Infond d.o.o. acquired a new stake in Expedia Group in the 4th quarter valued at approximately $28,000. Grove Bank & Trust increased its holdings in Expedia Group by 676.2% in the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company's stock valued at $30,000 after purchasing an additional 142 shares during the last quarter. Prudent Man Investment Management Inc. acquired a new stake in Expedia Group in the 4th quarter valued at approximately $34,000. Finally, Optiver Holding B.V. acquired a new stake in Expedia Group in the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 90.76% of the company's stock.
Insider Activity
In other news, insider Robert J. Dzielak sold 5,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value of $1,028,500.00. Following the completion of the sale, the insider now directly owns 74,502 shares of the company's stock, valued at approximately $15,325,061.40. This represents a 6.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.80% of the company's stock.
Expedia Group Stock Performance
EXPE traded up $9.93 on Monday, reaching $166.59. The company had a trading volume of 2,376,750 shares, compared to its average volume of 1,936,530. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $207.73. The stock has a market capitalization of $21.47 billion, a PE ratio of 18.41, a P/E/G ratio of 0.92 and a beta of 1.62. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. The stock has a 50-day moving average price of $161.69 and a 200-day moving average price of $175.85.
Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The company had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.02 billion. During the same period last year, the firm earned $0.21 earnings per share. Expedia Group's revenue was up 3.4% on a year-over-year basis. As a group, research analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the stock. The Goldman Sachs Group dropped their target price on shares of Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a report on Friday. JMP Securities reiterated a "market perform" rating on shares of Expedia Group in a report on Friday, February 7th. Piper Sandler downgraded shares of Expedia Group from a "neutral" rating to an "underweight" rating and dropped their price target for the stock from $174.00 to $135.00 in a research note on Friday. HSBC upgraded shares of Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 price target for the company in a research note on Friday, February 7th. Finally, StockNews.com downgraded shares of Expedia Group from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $187.88.
View Our Latest Report on Expedia Group
Expedia Group Profile
(
Free Report)
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.
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