Alerus Financial NA Sells 8,074 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Alerus Financial NA trimmed its holdings in Expedia Group, Inc. (NASDAQ:EXPEGet Rating) by 37.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,580 shares of the online travel company’s stock after selling 8,074 shares during the quarter. Alerus Financial NA’s holdings in Expedia Group were worth $2,454,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Selective Wealth Management Inc. acquired a new stake in Expedia Group in the fourth quarter worth about $27,000. Lindbrook Capital LLC increased its position in Expedia Group by 116.7% in the fourth quarter. Lindbrook Capital LLC now owns 156 shares of the online travel company’s stock worth $28,000 after purchasing an additional 84 shares during the period. Ancora Advisors LLC increased its position in Expedia Group by 49.7% in the third quarter. Ancora Advisors LLC now owns 214 shares of the online travel company’s stock worth $35,000 after purchasing an additional 71 shares during the period. Future Financial Wealth Managment LLC acquired a new position in shares of Expedia Group during the 4th quarter worth about $37,000. Finally, Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in shares of Expedia Group during the 4th quarter worth about $45,000. 96.08% of the stock is owned by institutional investors and hedge funds.

Shares of EXPE stock traded up $5.08 on Wednesday, hitting $121.84. 65,271 shares of the company’s stock were exchanged, compared to its average volume of 3,391,921. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.89 and a quick ratio of 0.89. Expedia Group, Inc. has a 12 month low of $115.92 and a 12 month high of $217.72. The stock has a market cap of $19.14 billion, a P/E ratio of 100.66, a price-to-earnings-growth ratio of 1.68 and a beta of 1.51. The company has a 50 day moving average of $169.04 and a 200 day moving average of $176.41.

Expedia Group (NASDAQ:EXPEGet Rating) last announced its quarterly earnings data on Monday, May 2nd. The online travel company reported ($0.93) earnings per share for the quarter, missing the consensus estimate of ($0.69) by ($0.24). Expedia Group had a return on equity of 11.93% and a net margin of 4.87%. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the company earned ($2.59) earnings per share. Sell-side analysts predict that Expedia Group, Inc. will post 4.81 EPS for the current fiscal year.

In other news, Director Dara Khosrowshahi sold 5,000 shares of the stock in a transaction dated Tuesday, March 29th. The stock was sold at an average price of $200.00, for a total value of $1,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Lance A. Soliday sold 376 shares of the stock in a transaction dated Monday, May 16th. The shares were 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 of the company’s stock, valued at approximately $1,110,749.88. The disclosure for this sale can be found here. Insiders sold 35,376 shares of company stock valued at $6,741,869 over the last quarter. Corporate insiders own 5.00% of the company’s stock.

Several research firms have recently issued reports on EXPE. Morgan Stanley boosted their target price on Expedia Group from $200.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 24th. Bank of America lifted their price objective on Expedia Group from $220.00 to $226.00 and gave the company a “buy” rating in a report on Friday, February 11th. Cowen lifted their price objective on Expedia Group from $181.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, February 7th. Stifel Nicolaus reiterated a “hold” rating and set a $205.00 price objective on shares of Expedia Group in a report on Tuesday, May 3rd. Finally, Redburn Partners upgraded Expedia Group from a “neutral” rating to a “buy” rating in a report on Wednesday, May 18th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $209.40.

About Expedia Group (Get Rating)

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.

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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