Teamwork Financial Advisors LLC Takes Position in Expedia Group, Inc. (NASDAQ:EXPE)

Teamwork Financial Advisors LLC purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 9,611 shares of the online travel company’s stock, valued at approximately $1,791,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its stake in Expedia Group by 6.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 37,485 shares of the online travel company’s stock worth $6,985,000 after buying an additional 2,272 shares during the period. Nisa Investment Advisors LLC raised its stake in Expedia Group by 17.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 60,003 shares of the online travel company’s stock worth $11,180,000 after buying an additional 9,086 shares during the period. Atomi Financial Group Inc. acquired a new position in Expedia Group during the 4th quarter worth approximately $229,000. Crossmark Global Holdings Inc. raised its stake in Expedia Group by 11.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 11,613 shares of the online travel company’s stock worth $2,163,000 after buying an additional 1,212 shares during the period. Finally, UMB Bank n.a. raised its stake in Expedia Group by 14.8% during the 4th quarter. UMB Bank n.a. now owns 489 shares of the online travel company’s stock worth $91,000 after buying an additional 63 shares during the period. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Trading Down 4.3 %

NASDAQ EXPE opened at $173.65 on Thursday. The stock’s 50-day simple moving average is $184.57 and its two-hundred day simple moving average is $157.11. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month high of $192.34. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $22.29 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 0.82 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, November 7th. The online travel company reported $5.18 earnings per share for the quarter, missing analysts’ consensus estimates of $5.42 by ($0.24). Expedia Group had a net margin of 7.97% and a return on equity of 49.25%. The firm had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter in the previous year, the business earned $4.85 EPS. Research analysts forecast that Expedia Group, Inc. will post 8.76 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on EXPE shares. UBS Group increased their price objective on Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft downgraded Expedia Group from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Benchmark increased their price objective on Expedia Group from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Wells Fargo & Company lowered their price objective on Expedia Group from $172.00 to $168.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. increased their price objective on Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Twenty analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $175.96.

Insider Activity

In other news, CAO Lance A. Soliday sold 7,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $181.99, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the transaction, the insider now directly owns 85,250 shares in the company, valued at $15,345,000. This trade represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,951 shares of company stock valued at $5,045,310. 6.80% of the stock is currently owned by insiders.

Expedia Group Company 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.