Beacon Financial Advisory LLC Invests $234,000 in Expedia Group, Inc. (NASDAQ:EXPE)

Beacon Financial Advisory LLC bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,579 shares of the online travel company’s stock, valued at approximately $234,000.

A number of other institutional investors have also added to or reduced their stakes in EXPE. Asset Management One Co. Ltd. raised its holdings in Expedia Group by 2.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 49,521 shares of the online travel company’s stock valued at $7,330,000 after acquiring an additional 1,249 shares in the last quarter. National Pension Service raised its stake in shares of Expedia Group by 6.7% in the third quarter. National Pension Service now owns 261,481 shares of the online travel company’s stock valued at $38,704,000 after purchasing an additional 16,411 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Expedia Group by 13.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 649,716 shares of the online travel company’s stock worth $96,171,000 after purchasing an additional 75,120 shares during the period. Westbourne Investment Advisors Inc. boosted its stake in Expedia Group by 0.6% during the third quarter. Westbourne Investment Advisors Inc. now owns 43,919 shares of the online travel company’s stock worth $6,501,000 after buying an additional 268 shares in the last quarter. Finally, Fernwood Investment Management LLC acquired a new stake in Expedia Group during the third quarter worth $207,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EXPE. TD Cowen cut shares of Expedia Group from a “buy” rating to a “hold” rating and increased their price objective for the company from $130.00 to $150.00 in a research note on Wednesday, September 25th. BTIG Research upped their price target on Expedia Group from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Piper Sandler reiterated a “neutral” rating and set a $140.00 target price (down previously from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Bank of America upped their price objective on shares of Expedia Group from $144.00 to $166.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Wedbush lifted their price objective on Expedia Group from $125.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Nineteen analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $152.54.

Expedia Group Price Performance

Shares of EXPE stock opened at $171.85 on Thursday. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $173.61. The firm has a fifty day moving average of $148.31 and a 200-day moving average of $132.84. The firm has a market capitalization of $22.37 billion, a price-to-earnings ratio of 30.69, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.17 by $0.34. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.53 billion. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $2.34 earnings per share. On average, equities research analysts forecast that Expedia Group, Inc. will post 8.99 earnings per share for the current year.

Insider Activity at Expedia Group

In other news, insider Robert J. Dzielak sold 12,602 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the sale, the insider now owns 89,960 shares in the company, valued at $11,829,740. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $134.60, for a total value of $729,128.20. Following the transaction, the insider now directly owns 84,543 shares in the company, valued at $11,379,487.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 12,602 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the sale, the insider now owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,019 shares of company stock valued at $6,958,891. Insiders own 6.80% of the company’s stock.

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.