Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Citizens Business Bank

Citizens Business Bank cut its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,733 shares of the online travel company’s stock after selling 1,041 shares during the period. Expedia Group makes up 1.1% of Citizens Business Bank’s investment portfolio, making the stock its 28th largest position. Citizens Business Bank’s holdings in Expedia Group were worth $4,665,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of EXPE. International Assets Investment Management LLC grew its stake in shares of Expedia Group by 115.8% in the fourth quarter. International Assets Investment Management LLC now owns 39,314 shares of the online travel company’s stock valued at $5,967,000 after buying an additional 21,095 shares in the last quarter. Raymond James & Associates raised its stake in shares of Expedia Group by 6.4% during the fourth quarter. Raymond James & Associates now owns 263,351 shares of the online travel company’s stock valued at $39,974,000 after purchasing an additional 15,759 shares during the period. AustralianSuper Pty Ltd lifted its position in shares of Expedia Group by 14.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 355,871 shares of the online travel company’s stock worth $54,018,000 after purchasing an additional 43,820 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Expedia Group by 7.9% in the third quarter. AQR Capital Management LLC now owns 769,665 shares of the online travel company’s stock valued at $79,329,000 after purchasing an additional 56,186 shares during the period. Finally, Public Employees Retirement System of Ohio grew its holdings in Expedia Group by 20.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 80,577 shares of the online travel company’s stock valued at $8,305,000 after purchasing an additional 13,797 shares in the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Expedia Group

In related news, CAO Lance A. Soliday sold 5,119 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total value of $702,377.99. Following the completion of the transaction, the chief accounting officer now owns 10,880 shares in the company, valued at approximately $1,492,844.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Lance A. Soliday sold 5,119 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total transaction of $702,377.99. Following the sale, the chief accounting officer now owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $150.04, for a total value of $1,500,400.00. Following the completion of the sale, the director now owns 216,521 shares of the company’s stock, valued at $32,486,810.84. The disclosure for this sale can be found here. Company insiders own 8.07% of the company’s stock.

Expedia Group Stock Performance

Shares of EXPE stock traded down $2.03 during trading hours on Tuesday, reaching $134.63. The stock had a trading volume of 2,096,201 shares, compared to its average volume of 2,404,229. The firm has a 50-day simple moving average of $134.35 and a 200-day simple moving average of $134.61. Expedia Group, Inc. has a twelve month low of $87.94 and a twelve month high of $160.05. The firm has a market capitalization of $18.35 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 0.42 and a beta of 1.86. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.78 and a quick ratio of 0.78.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.10. Expedia Group had a return on equity of 35.79% and a net margin of 6.21%. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. As a group, equities analysts forecast that Expedia Group, Inc. will post 9.71 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on EXPE shares. Jefferies Financial Group decreased their price objective on shares of Expedia Group from $150.00 to $145.00 and set a “hold” rating for the company in a research report on Tuesday, March 19th. Oppenheimer restated an “outperform” rating and set a $175.00 price objective on shares of Expedia Group in a research note on Monday. Benchmark upped their target price on Expedia Group from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Wells Fargo & Company decreased their price target on shares of Expedia Group from $159.00 to $155.00 and set an “equal weight” rating for the company in a research report on Friday, February 9th. Finally, The Goldman Sachs Group upped their price target on shares of Expedia Group from $155.00 to $190.00 and gave the company a “buy” rating in a report on Friday, January 19th. Thirteen analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Expedia Group presently has an average rating of “Moderate Buy” and an average price target of $149.12.

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.