SteelPeak Wealth LLC Sells 446 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

SteelPeak Wealth LLC trimmed its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 6.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,778 shares of the online travel company’s stock after selling 446 shares during the period. SteelPeak Wealth LLC’s holdings in Expedia Group were worth $1,263,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Perigon Wealth Management LLC bought a new stake in Expedia Group in the fourth quarter worth $251,000. Jeppson Wealth Management LLC bought a new stake in shares of Expedia Group in the 4th quarter worth about $241,000. Nilsine Partners LLC lifted its holdings in shares of Expedia Group by 4.7% in the 4th quarter. Nilsine Partners LLC now owns 5,861 shares of the online travel company’s stock worth $1,092,000 after acquiring an additional 262 shares during the last quarter. KBC Group NV boosted its stake in shares of Expedia Group by 326.9% during the 4th quarter. KBC Group NV now owns 293,482 shares of the online travel company’s stock worth $54,685,000 after purchasing an additional 224,732 shares during the period. Finally, Blue Trust Inc. grew its holdings in Expedia Group by 23.0% during the 4th quarter. Blue Trust Inc. now owns 1,058 shares of the online travel company’s stock valued at $197,000 after purchasing an additional 198 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Insider Activity at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the sale, the director now owns 168,505 shares of the company’s stock, valued at $31,198,700.75. This trade represents a 5.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Dzielak sold 1,951 shares of Expedia Group stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total transaction of $351,180.00. Following the transaction, the insider now directly owns 85,250 shares of the company’s stock, valued at approximately $15,345,000. This trade represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,951 shares of company stock worth $5,045,310 over the last three months. Company insiders own 6.80% of the company’s stock.

Expedia Group Trading Down 0.3 %

Shares of NASDAQ:EXPE opened at $171.27 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $192.34. The stock has a market cap of $21.98 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 0.78 and a beta of 1.83. The business has a 50-day moving average price of $183.93 and a 200-day moving average price of $158.53.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, November 7th. The online travel company reported $5.18 EPS for the quarter, missing the consensus estimate of $5.42 by ($0.24). The business had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4.11 billion. Expedia Group had a net margin of 7.97% and a return on equity of 49.25%. During the same quarter in the previous year, the firm posted $4.85 earnings per share. Equities analysts predict that Expedia Group, Inc. will post 8.76 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Baird R W upgraded Expedia Group to a “strong-buy” rating in a research report on Wednesday, November 27th. Wells Fargo & Company dropped their price objective on Expedia Group from $172.00 to $168.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. upped their price target on shares of Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. JMP Securities restated a “market perform” rating on shares of Expedia Group in a report on Monday, December 16th. Finally, The Goldman Sachs Group upped their price objective on shares of Expedia Group from $208.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Twenty research analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Expedia Group has an average rating of “Hold” and an average target price of $177.75.

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.