Segment Wealth Management LLC Sells 1,000 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Segment Wealth Management LLC reduced its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 40.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,486 shares of the online travel company’s stock after selling 1,000 shares during the quarter. Segment Wealth Management LLC’s holdings in Expedia Group were worth $220,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Pacer Advisors Inc. lifted its holdings in shares of Expedia Group by 36.8% in the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock worth $334,403,000 after acquiring an additional 714,229 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Expedia Group by 414.4% in the 1st quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock valued at $94,512,000 after purchasing an additional 552,831 shares during the last quarter. Point72 Asset Management L.P. boosted its position in Expedia Group by 1,649.4% in the second quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock valued at $51,354,000 after buying an additional 384,305 shares in the last quarter. AustralianSuper Pty Ltd grew its stake in shares of Expedia Group by 88.8% during the second quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock worth $94,903,000 after buying an additional 354,389 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Expedia Group during the second quarter worth $39,183,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the transaction, the insider now owns 89,960 shares in the company, valued at approximately $11,829,740. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the completion of the sale, the insider now directly owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The trade was a 0.00 % 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 5,417 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the completion of the sale, the insider now directly owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,019 shares of company stock worth $5,390,191 in the last ninety days. Corporate insiders own 8.07% of the company’s stock.

Expedia Group Price Performance

EXPE stock opened at $158.36 on Thursday. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.76 and a quick ratio of 0.76. The company’s 50-day moving average is $143.19 and its 200-day moving average is $130.70. The stock has a market capitalization of $21.58 billion, a PE ratio of 29.66, a price-to-earnings-growth ratio of 0.60 and a beta of 1.79. Expedia Group, Inc. has a 1 year low of $92.48 and a 1 year high of $164.65.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.17 by $0.34. The business had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.53 billion. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.34 earnings per share. Equities research analysts expect that Expedia Group, Inc. will post 8.98 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EXPE. Cantor Fitzgerald restated a “neutral” rating and set a $130.00 price objective on shares of Expedia Group in a research report on Monday, October 7th. Wells Fargo & Company upped their price objective on Expedia Group from $130.00 to $159.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Wedbush lifted their target price on shares of Expedia Group from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Piper Sandler restated a “neutral” rating and issued a $140.00 price target (down from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Finally, Citigroup lifted their price target on shares of Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Nineteen analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Expedia Group presently has a consensus rating of “Hold” and an average target price of $152.15.

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.