Avantax Advisory Services Inc. Buys New Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

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Avantax Advisory Services Inc. bought a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,384 shares of the online travel company’s stock, valued at approximately $274,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Expedia Group by 7.1% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 425,429 shares of the online travel company’s stock valued at $83,244,000 after purchasing an additional 28,222 shares during the period. Advisor Partners LLC raised its stake in Expedia Group by 21.7% during the 1st quarter. Advisor Partners LLC now owns 1,859 shares of the online travel company’s stock valued at $364,000 after purchasing an additional 331 shares during the period. Avestar Capital LLC raised its stake in Expedia Group by 168.5% during the 1st quarter. Avestar Capital LLC now owns 4,658 shares of the online travel company’s stock valued at $911,000 after purchasing an additional 2,923 shares during the period. Stratos Wealth Partners LTD. raised its stake in Expedia Group by 15.7% during the 1st quarter. Stratos Wealth Partners LTD. now owns 2,739 shares of the online travel company’s stock valued at $536,000 after purchasing an additional 371 shares during the period. Finally, Exchange Traded Concepts LLC bought a new stake in Expedia Group during the 1st quarter valued at approximately $597,000. Institutional investors own 96.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Mizuho lifted their target price on Expedia Group from $155.00 to $172.00 in a research note on Tuesday, May 3rd. Credit Suisse Group reduced their price objective on Expedia Group from $231.00 to $225.00 in a research note on Tuesday, May 3rd. Barclays lifted their price objective on Expedia Group from $226.00 to $229.00 in a research note on Tuesday, May 3rd. Citigroup reduced their price objective on Expedia Group from $200.00 to $118.00 and set a “neutral” rating on the stock in a research note on Thursday, June 16th. Finally, JPMorgan Chase & Co. reduced their price objective on Expedia Group from $206.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 29th. Fourteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $191.30.

Expedia Group Price Performance

EXPE opened at $103.18 on Thursday. The business has a fifty day moving average of $110.16 and a 200 day moving average of $157.77. Expedia Group, Inc. has a 52-week low of $88.70 and a 52-week high of $217.72. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.16. The stock has a market cap of $16.21 billion, a P/E ratio of 88.95, a PEG ratio of 1.48 and a beta of 1.61.

Expedia Group (NASDAQ:EXPE – Get Rating) last posted its quarterly earnings data on Monday, May 2nd. The online travel company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.69) by ($0.24). Expedia Group had a net margin of 4.87% and a return on equity of 11.93%. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the previous year, the firm earned ($2.59) EPS. As a group, sell-side analysts anticipate that Expedia Group, Inc. will post 4.57 EPS for the current year.

Insiders Place Their Bets

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $172.94, for a total value of $1,729,400.00. Following the completion of the sale, the director now directly owns 252,112 shares in the company, valued at approximately $43,600,249.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Expedia Group news, CAO Lance A. Soliday sold 376 shares of the company’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $124.12, for a total value of $46,669.12. Following the completion of the sale, the chief accounting officer now directly owns 8,949 shares in the company, valued at approximately $1,110,749.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $172.94, for a total value of $1,729,400.00. Following the completion of the transaction, the director now directly owns 252,112 shares of the company’s stock, valued at $43,600,249.28. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

Expedia Group Profile

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Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio include Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, and CheapTickets travel websites; ebookers, an online EMEA travel agent for travelers an array of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental booking service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.

Analyst Upgrades and Downgrades

Expedia Group Price Performance

Insiders Place Their Bets

Expedia Group Profile

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