Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC cut its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 61.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 6,542 shares of the online travel company’s stock after selling 10,609 shares during the period. Cresset Asset Management LLC’s holdings in Expedia Group were worth $1,219,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Expedia Group during the fourth quarter worth $670,565,000. Geode Capital Management LLC raised its position in Expedia Group by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company’s stock worth $600,750,000 after acquiring an additional 30,163 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Expedia Group by 6.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company’s stock worth $439,808,000 after acquiring an additional 150,480 shares during the period. Alkeon Capital Management LLC raised its position in Expedia Group by 25.4% during the fourth quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company’s stock worth $368,276,000 after acquiring an additional 400,000 shares during the period. Finally, Lyrical Asset Management LP raised its position in Expedia Group by 1.7% during the fourth quarter. Lyrical Asset Management LP now owns 1,763,489 shares of the online travel company’s stock worth $328,591,000 after acquiring an additional 28,736 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Trading Down 7.4%

NASDAQ EXPE opened at $156.55 on Monday. The firm has a 50 day simple moving average of $161.69 and a 200-day simple moving average of $175.85. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73. The firm has a market cap of $20.17 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 0.92 and a beta of 1.62.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the previous year, the business posted $0.21 EPS. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Insider Activity

In other news, insider Robert J. Dzielak sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value of $1,028,500.00. Following the completion of the transaction, the insider now owns 74,502 shares of the company’s stock, valued at approximately $15,325,061.40. This trade represents a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on EXPE shares. Oppenheimer dropped their target price on shares of Expedia Group from $230.00 to $210.00 and set an “outperform” rating for the company in a report on Friday. HSBC raised shares of Expedia Group from a “hold” rating to a “buy” rating and set a $215.00 target price for the company in a report on Friday, February 7th. DA Davidson upped their target price on shares of Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Citigroup upped their target price on shares of Expedia Group from $200.00 to $217.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Finally, BMO Capital Markets upped their target price on shares of Expedia Group from $165.00 to $190.00 and gave the stock a “market perform” rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Expedia Group currently has an average rating of “Moderate Buy” and a consensus price target of $189.04.

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.