River Road Asset Management LLC Sells 24,446 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

River Road Asset Management LLC trimmed its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 11.9% during the 3rd quarter, Holdings Channel reports. The fund owned 180,334 shares of the online travel company’s stock after selling 24,446 shares during the period. River Road Asset Management LLC’s holdings in Expedia Group were worth $26,693,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. ORG Partners LLC lifted its holdings in Expedia Group by 4,525.0% during the first quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock worth $25,000 after buying an additional 181 shares during the period. Innealta Capital LLC bought a new stake in Expedia Group during the second quarter valued at about $27,000. Blue Trust Inc. grew its stake in Expedia Group by 93.8% in the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock valued at $30,000 after purchasing an additional 105 shares during the last quarter. Crewe Advisors LLC bought a new position in Expedia Group in the first quarter worth about $40,000. Finally, LRI Investments LLC purchased a new stake in shares of Expedia Group during the first quarter valued at about $48,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Insider Activity

In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of Expedia Group stock in a transaction dated 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 directly owns 89,960 shares of the company’s stock, valued at $11,829,740. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $134.60, for a total value of $729,128.20. Following the transaction, the insider now owns 84,543 shares of the company’s stock, valued at $11,379,487.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert J. Dzielak sold 12,602 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 89,960 shares in the company, valued at $11,829,740. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,019 shares of company stock valued at $6,958,891. 6.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on EXPE shares. StockNews.com raised shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research report on Friday. UBS Group boosted their target price on Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company increased their price target 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. Benchmark reiterated a “buy” rating and issued a $180.00 target price on shares of Expedia Group in a research note on Friday, August 9th. Finally, Barclays decreased their price target on shares of Expedia Group from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Nineteen equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Expedia Group presently has a consensus rating of “Hold” and a consensus target price of $152.54.

Expedia Group Stock Up 2.9 %

Shares of NASDAQ EXPE opened at $165.86 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.45. The company has a 50-day moving average of $147.19 and a 200 day moving average of $132.31. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $165.86. The stock has a market cap of $21.59 billion, a PE ratio of 28.77, a P/E/G ratio of 0.62 and a beta of 1.78.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.17 by $0.34. The business had revenue of $3.56 billion during 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 business’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.34 earnings per share. As a group, sell-side analysts predict that Expedia Group, Inc. will post 8.99 EPS 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.