Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. reduced its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 15.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,186 shares of the online travel company's stock after selling 14,046 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.06% of Expedia Group worth $10,632,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EXPE. Westbourne Investment Advisors Inc. grew its stake in Expedia Group by 3.4% in the 1st quarter. Westbourne Investment Advisors Inc. now owns 43,839 shares of the online travel company's stock worth $6,039,000 after acquiring an additional 1,433 shares during the period. Tran Capital Management L.P. acquired a new stake in shares of Expedia Group during the first quarter worth $4,877,000. First Trust Direct Indexing L.P. grew its position in shares of Expedia Group by 5.8% in the first quarter. First Trust Direct Indexing L.P. now owns 1,601 shares of the online travel company's stock valued at $221,000 after purchasing an additional 88 shares during the period. Norden Group LLC acquired a new position in Expedia Group in the first quarter valued at $40,976,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in Expedia Group by 1.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 343,389 shares of the online travel company's stock worth $47,302,000 after buying an additional 6,432 shares during the period. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Lance A. Soliday sold 5,119 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 8.07% of the company's stock.

Expedia Group Stock Down 15.3 %

NASDAQ:EXPE traded down $20.76 during mid-day trading on Friday, reaching $115.33. The stock had a trading volume of 13,956,064 shares, compared to its average volume of 1,820,841. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market capitalization of $15.72 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 0.42 and a beta of 1.83. Expedia Group, Inc. has a 1-year low of $87.94 and a 1-year high of $160.05. The stock's 50 day simple moving average is $133.81 and its two-hundred day simple moving average is $134.96.

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 firm had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.88 billion. Expedia Group had a return on equity of 38.69% and a net margin of 6.18%. Equities analysts anticipate that Expedia Group, Inc. will post 9.7 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EXPE. Jefferies Financial Group dropped their price objective on shares of Expedia Group from $150.00 to $145.00 and set a "hold" rating for the company in a research note on Tuesday, March 19th. Royal Bank of Canada cut their price target on shares of Expedia Group from $155.00 to $140.00 and set a "sector perform" rating on the stock in a research note on Friday. BMO Capital Markets cut shares of Expedia Group from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $165.00 to $145.00 in a research note on Friday. The Goldman Sachs Group upped their price objective on Expedia Group from $155.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, January 19th. Finally, Evercore ISI reduced their target price on Expedia Group from $190.00 to $175.00 and set an "outperform" rating on the stock in a report on Friday. Fifteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $148.08.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.