Asio Capital LLC Sells 7,535 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Asio Capital LLC trimmed its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 17.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,951 shares of the online travel company's stock after selling 7,535 shares during the period. Expedia Group comprises about 1.3% of Asio Capital LLC's holdings, making the stock its 24th biggest holding. Asio Capital LLC's holdings in Expedia Group were worth $5,457,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. City State Bank raised 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 valued at $29,000 after buying an additional 118 shares during the period. Salem Investment Counselors Inc. acquired a new position in Expedia Group during the first quarter valued at $44,000. Covestor Ltd raised its position in Expedia Group by 144.1% during the first quarter. Covestor Ltd now owns 271 shares of the online travel company's stock valued at $53,000 after buying an additional 160 shares during the period. Almanack Investment Partners LLC. acquired a new position in Expedia Group during the third quarter valued at $26,000. Finally, Clear Street Markets LLC raised its position in Expedia Group by 88.3% during the first quarter. Clear Street Markets LLC now owns 290 shares of the online travel company's stock valued at $28,000 after buying an additional 136 shares during the period. 91.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EXPE has been the topic of several research reports. Barclays lowered Expedia Group from an "overweight" rating to an "equal weight" rating and upped their target price for the stock from $136.00 to $150.00 in a research report on Tuesday, December 12th. Oppenheimer reaffirmed an "outperform" rating and issued a $175.00 target price on shares of Expedia Group in a research report on Monday, February 5th. TheStreet raised Expedia Group from a "c+" rating to a "b-" rating in a research report on Thursday, November 30th. Wedbush reaffirmed a "neutral" rating and issued a $130.00 target price on shares of Expedia Group in a research report on Friday, February 9th. Finally, Bank of America lowered Expedia Group from a "buy" rating to a "neutral" rating and set a $156.00 target price on the stock. in a research report on Friday, February 9th. Thirteen investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, Expedia Group has a consensus rating of "Moderate Buy" and a consensus target price of $149.12.

Insider Activity

In other news, CAO Lance A. Soliday sold 5,119 shares of Expedia Group stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total value of $702,377.99. Following the completion of the sale, the chief accounting officer now directly owns 10,880 shares of the company's stock, valued at approximately $1,492,844.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Lance A. Soliday sold 5,119 shares of the firm's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total value of $702,377.99. Following the transaction, the chief accounting officer now directly owns 10,880 shares in the company, valued at approximately $1,492,844.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm's stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $150.88, for a total value of $1,508,800.00. Following the completion of the transaction, the director now owns 226,521 shares in the company, valued at $34,177,488.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,119 shares of company stock valued at $3,711,578. Company insiders own 8.07% of the company's stock.

Expedia Group Price Performance

EXPE stock traded up $0.45 during midday trading on Friday, reaching $136.84. 1,246,283 shares of the company's stock traded hands, compared to its average volume of 2,669,598. The company has a 50-day simple moving average of $141.52 and a two-hundred day simple moving average of $128.69. Expedia Group, Inc. has a 1-year low of $87.94 and a 1-year high of $160.05. The company has a market cap of $18.65 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 0.42 and a beta of 1.86. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.24.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its 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 company had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.88 billion. Expedia Group had a return on equity of 35.79% and a net margin of 6.21%. On average, analysts anticipate that Expedia Group, Inc. will post 9.74 earnings per share for the current year.

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.