Mediolanum International Funds Ltd Sells 5,060 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Mediolanum International Funds Ltd lessened its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 7.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,573 shares of the online travel company’s stock after selling 5,060 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Expedia Group were worth $11,641,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Legacy Trust grew its position in Expedia Group by 0.5% in the fourth quarter. Legacy Trust now owns 34,329 shares of the online travel company’s stock valued at $6,397,000 after purchasing an additional 158 shares in the last quarter. Forsta AP Fonden grew its holdings in shares of Expedia Group by 22.9% in the 4th quarter. Forsta AP Fonden now owns 52,000 shares of the online travel company’s stock valued at $9,689,000 after acquiring an additional 9,700 shares in the last quarter. Perigon Wealth Management LLC acquired a new stake in shares of Expedia Group in the fourth quarter valued at about $251,000. Jeppson Wealth Management LLC bought a new stake in Expedia Group during the fourth quarter worth about $241,000. Finally, Nilsine Partners LLC boosted its position in Expedia Group by 4.7% during the fourth quarter. Nilsine Partners LLC now owns 5,861 shares of the online travel company’s stock valued at $1,092,000 after purchasing an additional 262 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $170.95 on Friday. The business has a fifty day moving average price of $183.54 and a two-hundred day moving average price of $158.71. The stock has a market capitalization of $21.94 billion, a PE ratio of 22.00, a P/E/G ratio of 0.77 and a beta of 1.83. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $192.34.

Expedia Group (NASDAQ:EXPE) last posted its quarterly 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). The company had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4.11 billion. Expedia Group had a net margin of 7.97% and a return on equity of 49.25%. During the same period last year, the firm earned $4.85 EPS. As a group, equities analysts predict that Expedia Group, Inc. will post 8.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Oppenheimer boosted their price target on Expedia Group from $155.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Robert W. Baird started coverage on shares of Expedia Group in a report on Wednesday, November 27th. They set an “outperform” rating and a $225.00 target price on the stock. JPMorgan Chase & Co. increased their price target on shares of Expedia Group from $135.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Bank of America upgraded shares of Expedia Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $187.00 to $221.00 in a research note on Wednesday, December 18th. Finally, Cantor Fitzgerald cut their target price on shares of Expedia Group from $190.00 to $180.00 and set a “neutral” rating for the company in a research note on Wednesday. Twenty equities research 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 stock. According to data from MarketBeat.com, Expedia Group currently has an average rating of “Hold” and a consensus price target of $177.75.

Insider Activity

In other news, CAO Lance A. Soliday sold 7,000 shares of Expedia Group stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $181.99, for a total value of $1,273,930.00. Following the transaction, the chief accounting officer now owns 11,187 shares in the company, valued at approximately $2,035,922.13. This trade represents a 38.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $180.00, for a total value of $351,180.00. Following the sale, the insider now owns 85,250 shares of the company’s stock, valued at approximately $15,345,000. This represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,951 shares of company stock worth $3,476,610. 6.80% of the stock is currently owned by corporate insiders.

About Expedia Group

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.