Alerus Financial NA cut its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) by 37.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,580 shares of the online travel company’s stock after selling 8,074 shares during the quarter. Alerus Financial NA’s holdings in Expedia Group were worth $2,454,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in EXPE. Selective Wealth Management Inc. acquired a new position in Expedia Group during the fourth quarter valued at $27,000. Lindbrook Capital LLC lifted its position in Expedia Group by 116.7% during the fourth quarter. Lindbrook Capital LLC now owns 156 shares of the online travel company’s stock valued at $28,000 after purchasing an additional 84 shares during the period. Future Financial Wealth Managment LLC acquired a new position in Expedia Group during the fourth quarter valued at $37,000. Ancora Advisors LLC raised its position in shares of Expedia Group by 49.7% in the third quarter. Ancora Advisors LLC now owns 214 shares of the online travel company’s stock worth $35,000 after acquiring an additional 71 shares during the period. Finally, Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in shares of Expedia Group in the fourth quarter worth about $45,000. 96.08% of the stock is currently owned by hedge funds and other institutional investors.
EXPE has been the subject of a number of analyst reports. Bank of America upped their price objective on shares of Expedia Group from $220.00 to $226.00 and gave the stock a “buy” rating in a research report on Friday, February 11th. Wolfe Research upped their price target on shares of Expedia Group from $190.00 to $210.00 and gave the stock a “peer perform” rating in a research report on Friday, February 11th. Benchmark upped their price target on shares of Expedia Group from $265.00 to $275.00 in a research report on Tuesday, May 3rd. Piper Sandler dropped their price objective on shares of Expedia Group from $231.00 to $225.00 in a research note on Tuesday, May 3rd. Finally, Citigroup upped their price objective on shares of Expedia Group from $198.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, April 20th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Expedia Group currently has a consensus rating of “Hold” and a consensus price target of $209.40.
Expedia Group (NASDAQ:EXPE – Get Rating) last released its earnings results on Monday, May 2nd. The online travel company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.69) by ($0.24). Expedia Group had a net margin of 4.87% and a return on equity of 11.93%. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the previous year, the firm posted ($2.59) earnings per share. As a group, equities analysts forecast that Expedia Group, Inc. will post 4.81 EPS for the current year.
In other news, CEO Peter M. Kern bought 6,000 shares of Expedia Group stock in a transaction dated Monday, March 7th. The shares were acquired at an average cost of $167.79 per share, with a total value of $1,006,740.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dara Khosrowshahi sold 20,000 shares of the business’s stock in a transaction on Friday, April 1st. The stock was sold at an average price of $198.29, for a total transaction of $3,965,800.00. Following the transaction, the director now directly owns 262,112 shares in the company, valued at $51,974,188.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,376 shares of company stock valued at $6,741,869. 5.00% of the stock is owned by insiders.
About Expedia Group (Get Rating)
Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio include Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, and CheapTickets travel websites; ebookers, an online EMEA travel agent for travelers an array of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental booking service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.
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