Verdence Capital Advisors LLC Invests $213,000 in Expedia Group, Inc. (NASDAQ:EXPE)

Verdence Capital Advisors LLC purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,405 shares of the online travel company’s stock, valued at approximately $213,000.

A number of other institutional investors also recently made changes to their positions in EXPE. 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 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. MV Capital Management Inc. raised its position in shares of Expedia Group by 335.6% in the fourth quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock valued at $48,000 after buying an additional 245 shares during the last quarter. Parkside Financial Bank & Trust lifted 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 valued at $35,000 after buying an additional 218 shares during the period. Finally, UMB Bank n.a. boosted its position in Expedia Group by 79.7% during the third quarter. UMB Bank n.a. now owns 354 shares of the online travel company’s stock worth $36,000 after acquiring an additional 157 shares during the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 completion of 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of the company’s stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was 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 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 owned by insiders.

Analysts Set New Price Targets

EXPE has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price objective on Expedia Group from $115.00 to $136.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. StockNews.com raised shares of Expedia Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. Wedbush reiterated a “neutral” rating and set a $130.00 price objective on shares of Expedia Group in a report on Thursday, April 18th. Royal Bank of Canada restated a “sector perform” rating and issued a $155.00 target price on shares of Expedia Group in a report on Friday, February 9th. Finally, Ascendiant Capital Markets lifted their price target on shares of Expedia Group from $133.00 to $168.00 and gave the company a “buy” rating in a report on Friday, December 29th. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $149.12.

Expedia Group Stock Up 2.6 %

Shares of Expedia Group stock opened at $135.02 on Wednesday. Expedia Group, Inc. has a 1-year low of $87.94 and a 1-year high of $160.05. The company has a market capitalization of $18.40 billion, a P/E ratio of 25.10, a PEG ratio of 0.39 and a beta of 1.86. The business’s fifty day moving average price is $134.34 and its two-hundred day moving average price is $133.64. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.78 and a quick ratio of 0.78.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.10. The business had revenue of $2.89 billion for 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%. As a group, research analysts forecast that Expedia Group, Inc. will post 9.74 EPS for the current year.

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.