Sequoia Financial Advisors LLC Grows Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Sequoia Financial Advisors LLC raised its position in Expedia Group, Inc. (NASDAQ:EXPE) by 71.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,360 shares of the online travel company’s stock after buying an additional 1,401 shares during the period. Sequoia Financial Advisors LLC’s holdings in Expedia Group were worth $510,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EXPE. Almanack Investment Partners LLC. purchased a new stake in shares of Expedia Group during the third quarter worth about $26,000. Clear Street Markets LLC increased its stake in shares of Expedia Group by 88.3% during the first quarter. Clear Street Markets LLC now owns 290 shares of the online travel company’s stock worth $28,000 after purchasing an additional 136 shares in the last quarter. City State Bank increased its stake in shares of Expedia Group by 157.3% during the fourth quarter. City State Bank now owns 193 shares of the online travel company’s stock worth $29,000 after purchasing an additional 118 shares in the last quarter. CVA Family Office LLC purchased a new stake in shares of Expedia Group during the fourth quarter worth about $32,000. Finally, Parkside Financial Bank & Trust increased its stake in shares of Expedia Group by 173.0% during 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. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Price Performance

Shares of EXPE opened at $128.94 on Wednesday. Expedia Group, Inc. has a fifty-two week low of $87.94 and a fifty-two week high of $160.05. The firm’s 50 day moving average price is $135.55 and its 200 day moving average price is $132.58. The company has a market cap of $17.57 billion, a P/E ratio of 23.97, a PEG ratio of 0.40 and a beta of 1.86. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.24.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.10. Expedia Group had a net margin of 6.21% and a return on equity of 35.79%. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. On average, research analysts forecast that Expedia Group, Inc. will post 9.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EXPE has been the topic of a number of recent research reports. Royal Bank of Canada restated a “sector perform” rating and set a $155.00 price target on shares of Expedia Group in a research report on Friday, February 9th. Mizuho boosted their price target on shares of Expedia Group from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. Jefferies Financial Group lowered their price target on shares of Expedia Group from $150.00 to $145.00 and set a “hold” rating on the stock in a research report on Tuesday, March 19th. Ascendiant Capital Markets boosted their price target on shares of Expedia Group from $133.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, December 29th. Finally, Oppenheimer restated an “outperform” rating and set a $175.00 price target on shares of Expedia Group in a research report on Monday, February 5th. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $149.12.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of the stock in a transaction that occurred 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 directly owns 10,880 shares of the company’s stock, valued at approximately $1,492,844.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of the stock in a transaction that occurred 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 directly owns 10,880 shares of the company’s stock, valued at approximately $1,492,844.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $150.04, for a total transaction of $1,500,400.00. Following the completion of the sale, the director now directly owns 216,521 shares in the company, valued at $32,486,810.84. The disclosure for this sale can be found here. Insiders own 8.07% of the company’s stock.

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.