Moloney Securities Asset Management LLC Reduces Position in Expedia Group Inc (NASDAQ:EXPE)

Moloney Securities Asset Management LLC lessened its stake in shares of Expedia Group Inc (NASDAQ:EXPE) by 15.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,644 shares of the online travel company’s stock after selling 500 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Expedia Group were worth $355,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Alexandria Capital LLC boosted its stake in shares of Expedia Group by 90.6% during the third quarter. Alexandria Capital LLC now owns 40,974 shares of the online travel company’s stock valued at $5,507,000 after purchasing an additional 19,480 shares during the period. Gabelli Funds LLC bought a new position in shares of Expedia Group during the third quarter valued at approximately $1,158,000. Mackay Shields LLC raised its holdings in shares of Expedia Group by 29.4% during the third quarter. Mackay Shields LLC now owns 256,985 shares of the online travel company’s stock valued at $34,542,000 after acquiring an additional 58,407 shares in the last quarter. Gamco Investors INC. ET AL bought a new position in shares of Expedia Group during the third quarter valued at approximately $2,275,000. Finally, IFM Investors Pty Ltd raised its holdings in shares of Expedia Group by 80.5% during the third quarter. IFM Investors Pty Ltd now owns 14,969 shares of the online travel company’s stock valued at $2,012,000 after acquiring an additional 6,674 shares in the last quarter. 81.09% of the stock is owned by hedge funds and other institutional investors.

In other Expedia Group news, insider Lance A. Soliday sold 2,724 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $127.93, for a total value of $348,481.32. Following the completion of the transaction, the insider now owns 8,009 shares in the company, valued at $1,024,591.37. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dara Khosrowshahi sold 50,000 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $132.69, for a total value of $6,634,500.00. Following the completion of the transaction, the director now owns 477,677 shares of the company’s stock, valued at approximately $63,382,961.13. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,946 shares of company stock valued at $14,878,704. 2.10% of the stock is owned by corporate insiders.

EXPE traded down $32.65 during trading on Thursday, reaching $102.71. The stock had a trading volume of 571,686 shares, compared to its average volume of 1,216,323. The stock’s 50 day moving average is $135.32 and its two-hundred day moving average is $129.60. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $20.23 billion, a price-to-earnings ratio of 21.58, a P/E/G ratio of 1.68 and a beta of 1.09. Expedia Group Inc has a one year low of $108.11 and a one year high of $144.00.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Wednesday, November 6th. The online travel company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.18). The firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.57 billion. Expedia Group had a return on equity of 14.20% and a net margin of 5.36%. Expedia Group’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $3.65 EPS. On average, equities research analysts predict that Expedia Group Inc will post 5.8 earnings per share for the current year.

A number of equities analysts recently commented on the company. Oppenheimer set a $160.00 target price on Expedia Group and gave the company a “buy” rating in a report on Friday, July 26th. TheStreet upgraded Expedia Group from a “c+” rating to an “a-” rating in a report on Thursday, July 25th. Jefferies Financial Group decreased their target price on Expedia Group from $170.00 to $145.00 and set an “average” rating for the company in a report on Thursday. Cowen upped their target price on Expedia Group from $155.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada decreased their target price on Expedia Group to $142.00 and set an “average” rating for the company in a report on Thursday. Sixteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $148.59.

Expedia Group Company Profile

Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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