Cozad Asset Management Inc. Buys Shares of 7,322 Expedia Group, Inc. (NASDAQ:EXPE)

Cozad Asset Management Inc. acquired a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,322 shares of the online travel company's stock, valued at approximately $1,111,000.

A number of other institutional investors and hedge funds have also modified their holdings of EXPE. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Expedia Group by 242.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 262,519 shares of the online travel company's stock valued at $27,058,000 after purchasing an additional 185,880 shares during the period. Panagora Asset Management Inc. grew its position in Expedia Group by 61.2% in the third quarter. Panagora Asset Management Inc. now owns 485,649 shares of the online travel company's stock valued at $50,056,000 after acquiring an additional 184,392 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its position in Expedia Group by 119.8% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 302,596 shares of the online travel company's stock valued at $31,189,000 after acquiring an additional 164,919 shares during the period. Skandinaviska Enskilda Banken AB publ grew its position in Expedia Group by 48.2% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 253,152 shares of the online travel company's stock valued at $26,092,000 after acquiring an additional 82,344 shares during the period. Finally, Sycale Advisors NY LLC grew its position in Expedia Group by 200.0% in the third quarter. Sycale Advisors NY LLC now owns 121,800 shares of the online travel company's stock valued at $12,554,000 after acquiring an additional 81,200 shares during the period. 90.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EXPE. Wedbush restated a "neutral" rating and set a $130.00 target price on shares of Expedia Group in a report on Thursday, April 18th. Benchmark increased their target price on Expedia Group from $160.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, February 6th. Bank of America cut Expedia Group from a "buy" rating to a "neutral" rating and set a $156.00 target price on the stock. in a report on Friday, February 9th. Jefferies Financial Group cut their price target on Expedia Group from $150.00 to $145.00 and set a "hold" rating on the stock in a research note on Tuesday, March 19th. Finally, Mizuho upped their price target on Expedia Group from $130.00 to $140.00 and gave the company a "neutral" rating in a research note on Tuesday, February 6th. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $149.12.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total transaction of $702,377.99. Following the transaction, the chief accounting officer now 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 the SEC website. In other news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $150.04, for a total transaction of $1,500,400.00. Following the completion of the transaction, the director now directly owns 216,521 shares in the company, valued at approximately $32,486,810.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Lance A. Soliday sold 5,119 shares of Expedia Group stock in a transaction that occurred 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 owns 10,880 shares of the company's stock, valued at $1,492,844.80. The disclosure for this sale can be found here. Insiders own 8.07% of the company's stock.

Expedia Group Stock Down 1.1 %

Expedia Group stock traded down $1.49 during midday trading on Wednesday, reaching $133.14. The stock had a trading volume of 3,085,028 shares, compared to its average volume of 2,410,906. The firm's fifty day simple moving average is $134.29 and its 200-day simple moving average is $134.85. Expedia Group, Inc. has a 1-year low of $87.94 and a 1-year high of $160.05. The stock has a market capitalization of $18.15 billion, a P/E ratio of 24.75, a price-to-earnings-growth ratio of 0.42 and a beta of 1.86. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.78 and a current ratio of 0.78.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.10. Expedia Group had a return on equity of 35.79% and a net margin of 6.21%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. As a group, analysts expect that Expedia Group, Inc. will post 9.71 EPS for the current fiscal year.

Expedia Group 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.