Geneos Wealth Management Inc. Reduces Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Geneos Wealth Management Inc. reduced its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 92.5% during the 4th quarter, HoldingsChannel reports. The fund owned 265 shares of the online travel company’s stock after selling 3,280 shares during the period. Geneos Wealth Management Inc.’s holdings in Expedia Group were worth $49,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Windacre Partnership LLC increased its position in shares of Expedia Group by 49.5% during the 3rd quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock valued at $639,994,000 after purchasing an additional 1,431,500 shares during the last quarter. Pacer Advisors Inc. increased its position in Expedia Group by 22.5% during the third quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock valued at $481,170,000 after acquiring an additional 596,510 shares during the last quarter. Geode Capital Management LLC increased its position in Expedia Group by 0.6% during the third quarter. Geode Capital Management LLC now owns 3,197,927 shares of the online travel company’s stock valued at $472,212,000 after acquiring an additional 20,005 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Expedia Group by 9.4% in the third quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock valued at $250,078,000 after acquiring an additional 144,579 shares during the period. Finally, Alkeon Capital Management LLC boosted its stake in shares of Expedia Group by 46.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock worth $233,349,000 after purchasing an additional 498,934 shares during the period. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EXPE has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Oppenheimer boosted their price objective on Expedia Group from $155.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Bank of America upgraded 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 research note on Wednesday, December 18th. JMP Securities reissued a “market perform” rating on shares of Expedia Group in a research note on Monday, December 16th. Finally, Argus raised their price target 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. Twenty analysts have rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $177.75.

Insider Activity at Expedia Group

In related 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 value of $351,180.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Lance A. Soliday sold 7,000 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer now owns 11,187 shares in the company, valued at approximately $2,035,922.13. The trade was a 38.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,951 shares of company stock valued at $3,476,610 in the last three months. 6.80% of the stock is owned by insiders.

Expedia Group Stock Performance

Shares of EXPE stock opened at $170.95 on Friday. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $192.34. The business’s fifty day simple moving average is $183.54 and its 200-day simple moving average is $158.71. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03. The company has a market cap of $21.94 billion, a PE ratio of 22.00, a PEG ratio of 0.77 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, November 7th. The online travel company reported $5.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.42 by ($0.24). The business had revenue of $4.06 billion for 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 in the prior year, the company earned $4.85 earnings per share. Analysts expect that Expedia Group, Inc. will post 8.76 earnings per share for the current fiscal year.

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.