New Wave Wealth Advisors LLC Cuts Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

New Wave Wealth Advisors LLC lowered its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,371 shares of the online travel company’s stock after selling 113 shares during the period. New Wave Wealth Advisors LLC’s holdings in Expedia Group were worth $255,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Windacre Partnership LLC raised its stake in shares of Expedia Group by 49.5% in the 3rd quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock valued at $639,994,000 after acquiring an additional 1,431,500 shares during the period. Pacer Advisors Inc. raised its stake in shares of Expedia Group by 22.5% in the 3rd quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock valued at $481,170,000 after acquiring an additional 596,510 shares during the period. Geode Capital Management LLC raised its stake in shares of Expedia Group by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,197,927 shares of the online travel company’s stock valued at $472,212,000 after acquiring an additional 20,005 shares during the period. Fisher Asset Management LLC raised its stake in shares of Expedia Group by 9.4% in the 3rd quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock valued at $250,078,000 after acquiring an additional 144,579 shares during the period. Finally, Alkeon Capital Management LLC raised its stake in shares of Expedia Group by 46.3% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock valued at $233,349,000 after acquiring an additional 498,934 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Up 0.4 %

NASDAQ EXPE opened at $171.95 on Friday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. The company’s 50 day simple moving average is $183.54 and its 200 day simple moving average is $158.71. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $192.34. The company has a market capitalization of $22.07 billion, a P/E ratio of 22.13, a PEG ratio of 0.77 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, November 7th. The online travel company reported $5.18 EPS for the quarter, missing analysts’ consensus estimates of $5.42 by ($0.24). Expedia Group had a return on equity of 49.25% and a net margin of 7.97%. The business had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the previous year, the firm earned $4.85 earnings per share. Equities research analysts expect that Expedia Group, Inc. will post 8.76 earnings per share for the current fiscal year.

Insider Transactions at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the completion of the sale, the insider now owns 85,250 shares in the company, valued at $15,345,000. This represents a 2.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the completion of the transaction, the director now directly owns 168,505 shares in the company, valued at $31,198,700.75. This trade represents a 5.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,951 shares of company stock valued at $3,476,610 over the last ninety days. Corporate insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

EXPE has been the topic of a number of research reports. Robert W. Baird initiated coverage on shares of Expedia Group in a research note on Wednesday, November 27th. They issued an “outperform” rating and a $225.00 target price on the stock. Wells Fargo & Company dropped their price target on shares of Expedia Group from $172.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Melius raised shares of Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 price target on the stock in a research note on Monday, January 6th. Jefferies Financial Group lifted their price target on shares of Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Expedia Group in a research note on Monday, December 16th. Twenty analysts have rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $177.75.

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.