Van ECK Associates Corp Acquires 12,645 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Van ECK Associates Corp boosted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 105.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,626 shares of the online travel company’s stock after acquiring an additional 12,645 shares during the period. Van ECK Associates Corp’s holdings in Expedia Group were worth $3,738,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. City State Bank lifted its holdings in 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 acquiring an additional 118 shares in the last quarter. CVA Family Office LLC bought a new position in Expedia Group during the fourth quarter worth about $32,000. MV Capital Management Inc. raised its stake in shares of Expedia Group by 335.6% in the 4th quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock valued at $48,000 after purchasing an additional 245 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Expedia Group by 173.0% in 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. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of Expedia Group in the 4th quarter valued at about $65,000. 90.76% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Lance A. Soliday sold 5,119 shares of the business’s 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 completion of the transaction, the chief accounting officer now owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.07% of the company’s stock.

Expedia Group Stock Performance

Expedia Group stock opened at $115.33 on Monday. The company has a 50 day moving average price of $133.81 and a 200-day moving average price of $135.45. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.78 and a current ratio of 0.78. 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 market capitalization of $15.72 billion, a PE ratio of 21.60, a P/E/G ratio of 0.35 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.10. Expedia Group had a net margin of 6.18% and a return on equity of 38.69%. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.88 billion. As a group, equities analysts forecast that Expedia Group, Inc. will post 9.7 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on EXPE. BMO Capital Markets downgraded Expedia Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $165.00 to $145.00 in a research note on Friday. JPMorgan Chase & Co. dropped their price target on Expedia Group from $136.00 to $128.00 and set a “neutral” rating on the stock in a research note on Friday. B. Riley dropped their price target on Expedia Group from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Friday. Wells Fargo & Company dropped their price target on Expedia Group from $149.00 to $137.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Bank of America downgraded Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 target price on the stock. in a research report on Friday, February 9th. Fifteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Expedia Group presently has an average rating of “Hold” and a consensus target price of $148.08.

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.