Grimes & Company Inc. Sells 202 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Grimes & Company Inc. lessened its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,363 shares of the online travel company’s stock after selling 202 shares during the quarter. Grimes & Company Inc.’s holdings in Expedia Group were worth $627,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Grove Bank & Trust raised its holdings in Expedia Group by 676.2% in the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock valued at $30,000 after buying an additional 142 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after purchasing an additional 291 shares during the last quarter. Brooklyn Investment Group bought a new position in Expedia Group during the 3rd quarter worth approximately $51,000. Future Financial Wealth Managment LLC bought a new position in Expedia Group during the 3rd quarter worth approximately $74,000. Finally, UMB Bank n.a. raised its holdings in Expedia Group by 14.8% during the 4th quarter. UMB Bank n.a. now owns 489 shares of the online travel company’s stock worth $91,000 after purchasing an additional 63 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

Insiders Place Their Bets

In other news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group 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 sale, the director now directly owns 168,505 shares in the company, valued at $31,198,700.75. The trade was a 5.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of Expedia Group 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 in the company, valued at $15,345,000. The trade was a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,951 shares of company stock valued at $5,045,310 in the last three months. 6.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wells Fargo & Company lowered their price target on shares of Expedia Group from $172.00 to $168.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Barclays raised their price target on shares of Expedia Group from $153.00 to $166.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Benchmark raised their price target on shares of Expedia Group from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, November 8th. JMP Securities reiterated a “market perform” rating on shares of Expedia Group in a research note on Monday, December 16th. Finally, Melius Research upgraded shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Twenty 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. Based on data from MarketBeat, Expedia Group currently has a consensus rating of “Hold” and a consensus price target of $175.96.

Expedia Group Price Performance

EXPE opened at $171.23 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 has a market capitalization of $21.98 billion, a price-to-earnings ratio of 22.04, a P/E/G ratio of 0.78 and a beta of 1.83. The firm’s fifty day moving average price is $184.26 and its two-hundred day moving average price is $157.56. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $192.34.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, November 7th. The online travel company reported $5.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.42 by ($0.24). The firm had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Expedia Group had a return on equity of 49.25% and a net margin of 7.97%. During the same period in the prior year, the firm earned $4.85 earnings per share. As a group, analysts anticipate that Expedia Group, Inc. will post 8.76 earnings per share for the current fiscal 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.