Gamco Investors INC. ET AL trimmed its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 5.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,451 shares of the online travel company’s stock after selling 294 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Expedia Group were worth $722,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Gabelli Funds LLC bought a new stake in Expedia Group in the fourth quarter worth approximately $207,000. Rational Advisors LLC grew its position in Expedia Group by 2,250.4% in the fourth quarter. Rational Advisors LLC now owns 5,500 shares of the online travel company’s stock worth $728,000 after acquiring an additional 5,266 shares in the last quarter. EFG Asset Management Americas Corp. bought a new stake in Expedia Group in the fourth quarter worth approximately $2,846,000. Cowa LLC bought a new stake in Expedia Group in the fourth quarter worth approximately $98,000. Finally, Aperio Group LLC grew its position in Expedia Group by 2.6% in the fourth quarter. Aperio Group LLC now owns 56,165 shares of the online travel company’s stock worth $7,437,000 after acquiring an additional 1,397 shares in the last quarter. 95.71% of the stock is owned by institutional investors.
In other Expedia Group news, CAO Lance A. Soliday sold 3,506 shares of the stock in a transaction dated Wednesday, January 6th. The shares were sold at an average price of $140.00, for a total transaction of $490,840.00. Following the sale, the chief accounting officer now owns 10,468 shares of the company’s stock, valued at approximately $1,465,520. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Lance A. Soliday sold 668 shares of the stock in a transaction dated Wednesday, February 17th. The stock was sold at an average price of $146.52, for a total transaction of $97,875.36. Following the sale, the chief accounting officer now directly owns 8,093 shares in the company, valued at approximately $1,185,786.36. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, February 11th. The online travel company reported ($2.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.07) by ($0.57). Expedia Group had a negative return on equity of 21.33% and a negative net margin of 30.64%. During the same quarter last year, the firm posted $1.24 EPS. On average, equities analysts anticipate that Expedia Group, Inc. will post -8.94 earnings per share for the current year.
Several analysts recently issued reports on EXPE shares. Truist upped their price objective on shares of Expedia Group from $145.00 to $154.00 in a report on Thursday, January 21st. Stifel Nicolaus upped their price objective on shares of Expedia Group from $117.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, February 12th. Credit Suisse Group upped their price objective on shares of Expedia Group from $136.00 to $168.00 and gave the stock an “outperform” rating in a report on Thursday, February 11th. Wells Fargo & Company raised shares of Expedia Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $110.00 to $180.00 in a report on Friday, January 22nd. Finally, Bank of America upgraded shares of Expedia Group from a “neutral” rating to a “buy” rating and set a $153.00 target price for the company in a research note on Monday, January 4th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $136.07.
Expedia Group Profile
Expedia Group, Inc operates as an online travel company worldwide. It operates through four segments: Core Online Travel Agencies, Trivago, Vrbo, and Egencia. 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; Expedia Partner Solutions, a business-to-business brand that provides travel offerings for various airlines and hotels, online and offline travel agencies, loyalty and corporate travel companies, and various consumer brands; and Egencia, which provides corporate travel management services.
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