Stock Yards Bank & Trust Co. Boosts Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Stock Yards Bank & Trust Co. raised its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 1.4% in the second quarter, Holdings Channel reports. The institutional investor owned 186,289 shares of the online travel company’s stock after acquiring an additional 2,521 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Expedia Group were worth $23,471,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. ValueAct Holdings L.P. bought a new position in shares of Expedia Group during the 4th quarter valued at approximately $645,346,000. Norges Bank bought a new position in shares of Expedia Group in the fourth quarter worth approximately $334,632,000. Acadian Asset Management LLC increased its stake in shares of Expedia Group by 414.4% in the first quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock worth $94,512,000 after purchasing an additional 552,831 shares in the last quarter. AustralianSuper Pty Ltd raised its position in shares of Expedia Group by 88.8% during the 2nd quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock valued at $94,903,000 after purchasing an additional 354,389 shares during the period. Finally, Norden Group LLC purchased a new position in shares of Expedia Group during the 1st quarter valued at $40,976,000. 90.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EXPE. DA Davidson reaffirmed a “neutral” rating and issued a $135.00 price objective on shares of Expedia Group in a research note on Friday, August 9th. Cantor Fitzgerald began coverage on Expedia Group in a research note on Thursday, September 5th. They issued a “neutral” rating and a $130.00 price target for the company. Barclays reduced their price objective on shares of Expedia Group from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. BTIG Research dropped their target price on shares of Expedia Group from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, May 21st. Finally, Citigroup boosted their price target on shares of Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Eighteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Expedia Group currently has a consensus rating of “Hold” and an average price target of $148.00.

Expedia Group Trading Up 0.0 %

EXPE opened at $135.79 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45. Expedia Group, Inc. has a 52 week low of $92.48 and a 52 week high of $160.05. The business’s 50 day moving average is $131.02 and its two-hundred day moving average is $127.84. The firm has a market cap of $18.51 billion, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 0.51 and a beta of 1.79.

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

Insider Buying and Selling

In other Expedia Group news, 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 transaction 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Robert J. Dzielak sold 12,602 shares of the 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 transaction, the insider now directly owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert J. Dzielak sold 5,417 shares of Expedia Group stock in a transaction that occurred on Monday, August 19th. The shares were 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 owns 84,543 shares in the company, valued at $11,379,487.80. The disclosure for this sale can be found here. Corporate insiders own 8.07% of the company’s stock.

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.