Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Independence Bank of Kentucky

Independence Bank of Kentucky lowered its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 30.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,337 shares of the online travel company’s stock after selling 3,679 shares during the period. Independence Bank of Kentucky’s holdings in Expedia Group were worth $1,553,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Grove Bank & Trust boosted its stake in shares of Expedia Group by 676.2% in the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock valued at $30,000 after purchasing an additional 142 shares during the period. Venturi Wealth Management LLC lifted its holdings in Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after buying an additional 291 shares in the last quarter. Brooklyn Investment Group purchased a new position in Expedia Group in the 3rd quarter valued at approximately $51,000. Future Financial Wealth Managment LLC acquired a new position in shares of Expedia Group in the third quarter worth $74,000. Finally, UMB Bank n.a. increased its position in shares of Expedia Group by 14.8% during the fourth quarter. UMB Bank n.a. now owns 489 shares of the online travel company’s stock worth $91,000 after acquiring an additional 63 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insider Activity at Expedia Group

In other news, insider Robert J. Dzielak sold 1,951 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $180.00, for a total transaction of $351,180.00. Following the sale, the insider now owns 85,250 shares of the company’s stock, valued at $15,345,000. The trade was a 2.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $185.15, for a total value of $1,851,500.00. Following the transaction, the director now directly owns 168,505 shares of the company’s stock, valued at approximately $31,198,700.75. This represents a 5.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,951 shares of company stock worth $3,476,610 over the last three months. 6.80% of the stock is currently owned by corporate insiders.

Expedia Group Stock Performance

Shares of EXPE opened at $170.95 on Friday. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $192.34. The stock has a market capitalization of $21.94 billion, a P/E ratio of 22.00, a P/E/G ratio of 0.77 and a beta of 1.83. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73. The company’s fifty day moving average is $183.26 and its two-hundred day moving average is $158.98.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EXPE. Oppenheimer lifted their target price on Expedia Group from $155.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, November 8th. JMP Securities reaffirmed a “market perform” rating on shares of Expedia Group in a report on Monday, December 16th. Jefferies Financial Group boosted their price target on shares of Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Baird R W upgraded shares of Expedia Group to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, Bank of America upgraded shares of Expedia Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $187.00 to $221.00 in a research note on Wednesday, December 18th. Twenty research 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $177.75.

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.