Pacer Advisors Inc. Decreases Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Pacer Advisors Inc. cut its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 26.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,376,963 shares of the online travel company’s stock after selling 873,747 shares during the quarter. Expedia Group makes up approximately 1.0% of Pacer Advisors Inc.’s portfolio, making the stock its 24th biggest holding. Pacer Advisors Inc.’s holdings in Expedia Group were worth $442,900,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of EXPE. Hantz Financial Services Inc. grew its stake in Expedia Group by 2.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,980 shares of the online travel company’s stock valued at $441,000 after acquiring an additional 62 shares during the last quarter. Empirical Finance LLC lifted its holdings in shares of Expedia Group by 1.3% in the third quarter. Empirical Finance LLC now owns 4,754 shares of the online travel company’s stock valued at $704,000 after purchasing an additional 63 shares in the last quarter. UMB Bank n.a. grew its position in shares of Expedia Group by 14.8% in the fourth quarter. UMB Bank n.a. now owns 489 shares of the online travel company’s stock valued at $91,000 after purchasing an additional 63 shares during the last quarter. Venture Visionary Partners LLC increased its stake in shares of Expedia Group by 0.6% during the 3rd quarter. Venture Visionary Partners LLC now owns 11,367 shares of the online travel company’s stock worth $1,683,000 after purchasing an additional 64 shares in the last quarter. Finally, GHE LLC raised its position in shares of Expedia Group by 1.0% during the 3rd quarter. GHE LLC now owns 6,689 shares of the online travel company’s stock worth $980,000 after purchasing an additional 69 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Trading Down 3.2 %

EXPE opened at $171.23 on Monday. The firm’s 50 day moving average is $184.26 and its 200-day moving average is $157.77. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $192.34. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. The firm has a market capitalization of $21.98 billion, a P/E ratio of 22.04, a P/E/G ratio of 0.78 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, November 7th. The online travel company reported $5.18 EPS for the quarter, missing analysts’ consensus estimates of $5.42 by ($0.24). The firm had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4.11 billion. Expedia Group had a return on equity of 49.25% and a net margin of 7.97%. During the same quarter in the prior year, the firm earned $4.85 EPS. Analysts expect that Expedia Group, Inc. will post 8.76 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total value of $1,851,500.00. Following the sale, the director now directly owns 168,505 shares of the company’s stock, valued at $31,198,700.75. This represents a 5.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Lance A. Soliday sold 7,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at approximately $2,035,922.13. This represents a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,951 shares of company stock worth $5,045,310. 6.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on EXPE. Robert W. Baird started coverage on Expedia Group in a report on Wednesday, November 27th. They set an “outperform” rating and a $225.00 target price on the stock. Argus increased their price objective on Expedia Group from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Morgan Stanley boosted their target price on shares of Expedia Group from $180.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. UBS Group raised their price target on shares of Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Barclays upped their price objective on shares of Expedia Group from $153.00 to $166.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Twenty equities research analysts have rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $175.96.

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.