Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Westbourne Investment Advisors Inc.

Westbourne Investment Advisors Inc. lessened its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 1.4% in the fourth quarter, HoldingsChannel reports. The fund owned 42,406 shares of the online travel company’s stock after selling 582 shares during the period. Expedia Group accounts for 2.6% of Westbourne Investment Advisors Inc.’s portfolio, making the stock its 10th largest position. Westbourne Investment Advisors Inc.’s holdings in Expedia Group were worth $6,437,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of EXPE. Raymond James Trust N.A. increased its stake in Expedia Group by 17.6% during the 1st quarter. Raymond James Trust N.A. now owns 1,364 shares of the online travel company’s stock worth $267,000 after acquiring an additional 204 shares during the period. Dimensional Fund Advisors LP raised its stake in Expedia Group by 6.2% in the first quarter. Dimensional Fund Advisors LP now owns 301,932 shares of the online travel company’s stock valued at $59,077,000 after purchasing an additional 17,680 shares in the last quarter. Blair William & Co. IL lifted its position in Expedia Group by 16.1% during the first quarter. Blair William & Co. IL now owns 6,052 shares of the online travel company’s stock worth $1,184,000 after purchasing an additional 838 shares during the period. Prudential PLC acquired a new stake in Expedia Group during the first quarter worth about $397,000. Finally, Cetera Investment Advisers increased its holdings in Expedia Group by 50.9% in the 1st quarter. Cetera Investment Advisers now owns 3,751 shares of the online travel company’s stock valued at $734,000 after buying an additional 1,265 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Lance A. Soliday sold 5,119 shares of the company’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 transaction, the chief accounting officer now owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were 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 owns 216,521 shares of the company’s stock, valued at approximately $32,486,810.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction of $702,377.99. Following the sale, the chief accounting officer now owns 10,880 shares in the company, valued at approximately $1,492,844.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,119 shares of company stock valued at $3,711,578. Company insiders own 8.07% of the company’s stock.

Analyst Upgrades and Downgrades

EXPE has been the subject of a number of recent analyst reports. Wedbush reaffirmed a “neutral” rating and set a $130.00 price target on shares of Expedia Group in a report on Friday, February 9th. BMO Capital Markets assumed coverage on Expedia Group in a report on Tuesday, January 9th. They issued an “outperform” rating and a $181.00 target price on the stock. Ascendiant Capital Markets boosted their price target on Expedia Group from $133.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, December 29th. Oppenheimer reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Expedia Group in a research note on Monday, February 5th. Finally, Wells Fargo & Company lowered their target price on Expedia Group from $159.00 to $155.00 and set an “equal weight” rating for the company in a research note on Friday, February 9th. Thirteen analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $149.12.

Expedia Group Stock Performance

Shares of NASDAQ EXPE traded down $0.55 during mid-day trading on Thursday, hitting $138.44. The company had a trading volume of 335,125 shares, compared to its average volume of 2,596,601. The stock’s 50-day moving average price is $140.82 and its 200-day moving average price is $129.56. The company has a market capitalization of $18.87 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 0.42 and a beta of 1.86. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.24. Expedia Group, Inc. has a 1 year low of $87.94 and a 1 year high of $160.05.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share 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 during the quarter, compared to analyst estimates of $2.88 billion. On average, sell-side analysts forecast that Expedia Group, Inc. will post 9.74 earnings per share for the current 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.