Cerity Partners LLC Invests $2.41 Million in Expedia Group, Inc. (NASDAQ:EXPE)

Cerity Partners LLC bought a new position in Expedia Group, Inc. (NASDAQ:EXPE) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 15,864 shares of the online travel company’s stock, valued at approximately $2,408,000.

Other institutional investors also recently added to or reduced their stakes in the company. Almanack Investment Partners LLC. purchased a new position in Expedia Group in the 3rd quarter worth about $26,000. Clear Street Markets LLC increased its position in Expedia Group by 88.3% during the 1st quarter. Clear Street Markets LLC now owns 290 shares of the online travel company’s stock valued at $28,000 after purchasing an additional 136 shares during the period. City State Bank increased its position in Expedia Group by 157.3% during the 4th quarter. City State Bank now owns 193 shares of the online travel company’s stock valued at $29,000 after purchasing an additional 118 shares during the period. CVA Family Office LLC purchased a new position in Expedia Group during the 4th quarter valued at about $32,000. Finally, Parkside Financial Bank & Trust increased its position in Expedia Group by 173.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock valued at $35,000 after purchasing an additional 218 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Down 0.3 %

EXPE opened at $128.30 on Friday. Expedia Group, Inc. has a fifty-two week low of $87.94 and a fifty-two week high of $160.05. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.78 and a current ratio of 0.78. The company has a fifty day moving average of $134.42 and a two-hundred day moving average of $132.52. The stock has a market capitalization of $17.49 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 0.39 and a beta of 1.86.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on EXPE shares. Benchmark raised their target price on shares of Expedia Group from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. raised their price target on shares of Expedia Group from $115.00 to $136.00 and gave the company a “neutral” rating in a report on Friday, February 9th. The Goldman Sachs Group raised their price target on shares of Expedia Group from $155.00 to $190.00 and gave the company a “buy” rating in a report on Friday, January 19th. Mizuho raised their price target on shares of Expedia Group from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $155.00 price target on shares of Expedia Group in a report on Friday, February 9th. Thirteen analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.12.

Insider Buying and Selling

In related news, CAO Lance A. Soliday sold 5,119 shares of the business’s 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 transaction, the chief accounting officer now directly owns 10,880 shares in the company, valued at $1,492,844.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Lance A. Soliday sold 5,119 shares of the business’s 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 transaction, the chief accounting officer now directly owns 10,880 shares in the company, valued at $1,492,844.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 216,521 shares in the company, valued at $32,486,810.84. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by company insiders.

Expedia Group Company 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.