Tran Capital Management L.P. Sells 129 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Tran Capital Management L.P. lowered its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 0.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 68,499 shares of the online travel company’s stock after selling 129 shares during the period. Expedia Group accounts for about 1.4% of Tran Capital Management L.P.’s holdings, making the stock its 22nd biggest holding. Tran Capital Management L.P.’s holdings in Expedia Group were worth $12,763,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ProShare Advisors LLC lifted its position in Expedia Group by 4.4% in the 2nd quarter. ProShare Advisors LLC now owns 17,326 shares of the online travel company’s stock valued at $2,183,000 after acquiring an additional 735 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Expedia Group by 45.3% in the second quarter. Public Sector Pension Investment Board now owns 4,341 shares of the online travel company’s stock valued at $547,000 after purchasing an additional 1,354 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Expedia Group by 57.3% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 25,048 shares of the online travel company’s stock worth $3,156,000 after buying an additional 9,129 shares during the period. AXA S.A. grew its holdings in shares of Expedia Group by 21.1% during the second quarter. AXA S.A. now owns 108,717 shares of the online travel company’s stock worth $13,697,000 after buying an additional 18,919 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Expedia Group by 22.2% in the 2nd quarter. AQR Capital Management LLC now owns 476,635 shares of the online travel company’s stock valued at $59,751,000 after buying an additional 86,443 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Analyst Upgrades and Downgrades

EXPE has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their price target on Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Bank of America upgraded shares of Expedia Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $187.00 to $221.00 in a report on Wednesday, December 18th. StockNews.com upgraded shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 14th. Argus increased their price objective on shares of Expedia Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft downgraded Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Twenty equities research analysts have rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $175.96.

Expedia Group Stock Performance

NASDAQ:EXPE opened at $171.23 on Friday. The stock has a 50 day simple moving average of $184.26 and a 200 day simple moving average of $157.56. The stock has a market cap of $21.98 billion, a P/E ratio of 22.04, a PEG ratio of 0.78 and a beta of 1.83. Expedia Group, Inc. has a 1-year low of $107.25 and a 1-year high of $192.34. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, November 7th. The online travel company reported $5.18 earnings per share 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 analyst estimates 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 business posted $4.85 EPS. Research analysts anticipate that Expedia Group, Inc. will post 8.76 earnings per share for the current year.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 1,951 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $180.00, for a total transaction of $351,180.00. Following the transaction, the insider now owns 85,250 shares in the company, valued at $15,345,000. This trade represents a 2.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Lance A. Soliday sold 7,000 shares of Expedia Group stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $181.99, for a total value of $1,273,930.00. Following the completion of the transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $2,035,922.13. This represents a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,951 shares of company stock worth $5,045,310 in the last quarter. 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.