Kornitzer Capital Management Inc. KS Sells 46,500 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Kornitzer Capital Management Inc. KS cut its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 38.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,952 shares of the online travel company's stock after selling 46,500 shares during the quarter. Kornitzer Capital Management Inc. KS owned 0.05% of Expedia Group worth $11,073,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Almanack Investment Partners LLC. purchased a new stake in Expedia Group during the third quarter valued at about $26,000. Clear Street Markets LLC lifted its stake 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 in the last quarter. City State Bank lifted its stake 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 in the last quarter. CVA Family Office LLC purchased a new stake in shares of Expedia Group in the fourth quarter worth approximately $32,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of Expedia Group by 173.0% in the third quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company's stock worth $35,000 after purchasing an additional 218 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EXPE. Wedbush reissued a "neutral" rating and issued a $130.00 price target on shares of Expedia Group in a research report on Thursday. BMO Capital Markets began coverage on shares of Expedia Group in a research report on Tuesday, January 9th. They issued an "outperform" rating and a $181.00 price target for the company. Benchmark increased their price target on shares of Expedia Group from $160.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, February 6th. Royal Bank of Canada reissued a "sector perform" rating and issued a $155.00 price target on shares of Expedia Group in a research report on Friday, February 9th. Finally, Oppenheimer reissued an "outperform" rating and issued a $175.00 price target on shares of Expedia Group in a research report on Monday, February 5th. Thirteen analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $149.12.

Insider Transactions at Expedia Group

In other news, CAO Lance A. Soliday sold 5,119 shares of the firm's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total value of $702,377.99. Following the sale, the chief accounting officer now owns 10,880 shares in the company, valued at $1,492,844.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Dara Khosrowshahi sold 10,000 shares of the firm's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $150.04, for a total value of $1,500,400.00. Following the completion of the transaction, the director now directly owns 216,521 shares of the company's stock, valued at $32,486,810.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 completion of the transaction, the chief accounting officer now directly owns 10,880 shares of the company's stock, valued at $1,492,844.80. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by corporate insiders.

Expedia Group Stock Performance

Shares of Expedia Group stock traded up $0.70 during midday trading on Friday, hitting $129.00. The company had a trading volume of 1,350,987 shares, compared to its average volume of 1,768,922. The business's 50 day simple moving average is $134.37 and its two-hundred day simple moving average is $132.95. The stock has a market cap of $17.58 billion, a PE ratio of 23.98, a P/E/G ratio of 0.39 and a beta of 1.86. 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, Inc. has a 1-year low of $87.94 and a 1-year high of $160.05.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.10. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. Expedia Group had a net margin of 6.21% and a return on equity of 35.79%. As a group, equities analysts predict that Expedia Group, Inc. will post 9.74 EPS for the current fiscal 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.