Beech Hill Advisors Inc. Has $5.69 Million Position in Expedia Group, Inc. (NASDAQ:EXPE)

Beech Hill Advisors Inc. lowered its position in Expedia Group, Inc. (NASDAQ:EXPE) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,525 shares of the online travel company’s stock after selling 910 shares during the period. Expedia Group accounts for about 2.1% of Beech Hill Advisors Inc.’s holdings, making the stock its 10th biggest position. Beech Hill Advisors Inc.’s holdings in Expedia Group were worth $5,688,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EXPE. Venturi Wealth Management LLC increased its holdings in Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after purchasing an additional 291 shares in the last quarter. Brooklyn Investment Group purchased a new position in Expedia Group in the third quarter valued at about $51,000. Future Financial Wealth Managment LLC bought a new position in Expedia Group during the third quarter valued at $74,000. Versant Capital Management Inc increased its position in Expedia Group by 299.3% in the fourth quarter. Versant Capital Management Inc now owns 559 shares of the online travel company’s stock worth $104,000 after buying an additional 419 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Expedia Group in the third quarter valued at $118,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on EXPE shares. Wedbush increased their price target on Expedia Group from $130.00 to $180.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Susquehanna upped their target price on shares of Expedia Group from $145.00 to $190.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. JMP Securities reaffirmed a “market perform” rating on shares of Expedia Group in a report on Monday, December 16th. Jefferies Financial Group boosted their price objective on Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, Argus raised their target price on shares of Expedia Group from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Twenty research analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Expedia Group has a consensus rating of “Hold” and an average target price of $175.64.

Insider Buying and Selling

In other news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the sale, the director now owns 168,505 shares of the company’s stock, valued at approximately $31,198,700.75. The trade was a 5.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Lance A. Soliday sold 7,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at approximately $2,035,922.13. This trade represents a 38.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,951 shares of company stock valued at $5,045,310 over the last ninety days. 6.80% of the stock is owned by insiders.

Expedia Group Trading Down 0.2 %

Shares of EXPE stock traded down $0.45 during mid-day trading on Thursday, reaching $186.07. The stock had a trading volume of 32,856 shares, compared to its average volume of 1,016,519. The firm has a market capitalization of $23.88 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 0.81 and a beta of 1.83. The stock’s 50-day moving average price is $183.94 and its two-hundred day moving average price is $154.78. 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, Inc. has a 52-week low of $107.25 and a 52-week high of $192.34.

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.