Trust Asset Management LLC Invests $266,000 in Expedia Group, Inc. (NASDAQ:EXPE)

Trust Asset Management LLC bought a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,752 shares of the online travel company’s stock, valued at approximately $266,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in EXPE. City State Bank increased its position in shares of Expedia Group by 157.3% during the fourth quarter. City State Bank now owns 193 shares of the online travel company’s stock worth $29,000 after acquiring an additional 118 shares in the last quarter. CVA Family Office LLC bought a new stake in shares of Expedia Group during the fourth quarter worth about $32,000. Parkside Financial Bank & Trust increased its position in shares of Expedia Group by 173.0% during the third quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock worth $35,000 after acquiring an additional 218 shares in the last quarter. UMB Bank n.a. boosted its holdings in Expedia Group by 79.7% during the third quarter. UMB Bank n.a. now owns 354 shares of the online travel company’s stock worth $36,000 after purchasing an additional 157 shares during the last quarter. Finally, MV Capital Management Inc. boosted its holdings in Expedia Group by 335.6% during the fourth quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock worth $48,000 after purchasing an additional 245 shares during the last quarter. 90.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EXPE has been the topic of several analyst reports. BMO Capital Markets initiated coverage on shares of Expedia Group in a report on Tuesday, January 9th. They set an “outperform” rating and a $181.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on shares of Expedia Group from $115.00 to $136.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Oppenheimer restated an “outperform” rating and set a $175.00 price target on shares of Expedia Group in a report on Monday, February 5th. Ascendiant Capital Markets boosted their price target on shares of Expedia Group from $133.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, December 29th. Finally, Wedbush restated a “neutral” rating and set a $130.00 price target on shares of Expedia Group in a report on Thursday, April 18th. Thirteen analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Expedia Group presently has an average rating of “Moderate Buy” and a consensus price target of $149.12.

Insider Buying and Selling

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

Expedia Group Stock Performance

Shares of EXPE stock traded up $0.45 during trading on Thursday, reaching $136.25. 1,501,543 shares of the company’s stock traded hands, compared to its average volume of 2,422,239. The company has a market capitalization of $18.57 billion, a P/E ratio of 25.33, a PEG ratio of 0.41 and a beta of 1.86. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.24. The firm’s 50-day moving average is $134.31 and its 200 day moving average is $133.68. Expedia Group, Inc. has a 1 year low of $87.94 and a 1 year high of $160.05.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.10. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. Expedia Group had a net margin of 6.21% and a return on equity of 35.79%. Equities research analysts expect that Expedia Group, Inc. will post 9.72 EPS for the current year.

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.