RNC Capital Management LLC Purchases 199 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

RNC Capital Management LLC increased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 0.7% in the 4th quarter, HoldingsChannel reports. The fund owned 28,158 shares of the online travel company’s stock after acquiring an additional 199 shares during the period. RNC Capital Management LLC’s holdings in Expedia Group were worth $4,274,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Almanack Investment Partners LLC. acquired a new position in Expedia Group during the 3rd quarter valued at approximately $26,000. Clear Street Markets LLC increased its stake in shares of Expedia Group by 88.3% in the first quarter. Clear Street Markets LLC now owns 290 shares of the online travel company’s stock worth $28,000 after acquiring an additional 136 shares during the period. City State Bank increased its stake in shares of Expedia Group by 157.3% in the fourth quarter. City State Bank now owns 193 shares of the online travel company’s stock worth $29,000 after acquiring an additional 118 shares during the period. CVA Family Office LLC acquired a new stake in shares of Expedia Group in the fourth quarter worth $32,000. Finally, Parkside Financial Bank & Trust increased its stake in shares of Expedia Group by 173.0% in the third quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock worth $35,000 after acquiring an additional 218 shares during the period. Institutional investors own 90.76% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPE has been the topic of a number of research reports. TheStreet upgraded shares of Expedia Group from a “c+” rating to a “b-” rating in a research note on Thursday, November 30th. Ascendiant Capital Markets increased their price objective on shares of Expedia Group from $133.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, December 29th. The Goldman Sachs Group increased their price target on shares of Expedia Group from $155.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Wedbush reissued a “neutral” rating and set a $130.00 price target on shares of Expedia Group in a report on Friday, February 9th. Finally, BTIG Research increased their price target on shares of Expedia Group from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, December 27th. Thirteen analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $149.12.

Expedia Group Price Performance

Shares of EXPE stock opened at $138.99 on Thursday. The firm’s 50-day moving average is $140.82 and its two-hundred day moving average is $129.56. The company has a market capitalization of $18.94 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 0.42 and a beta of 1.86. Expedia Group, Inc. has a 12 month low of $87.94 and a 12 month high of $160.05. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.78 and a quick ratio of 0.78.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.10. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. Expedia Group had a net margin of 6.21% and a return on equity of 35.79%. Analysts predict that Expedia Group, Inc. will post 9.74 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $150.88, for a total value of $1,508,800.00. Following the completion of the transaction, the director now owns 226,521 shares in the company, valued at approximately $34,177,488.48. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $150.88, for a total value of $1,508,800.00. Following the completion of the sale, the director now owns 226,521 shares in the company, valued at approximately $34,177,488.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Lance A. Soliday sold 5,119 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total transaction of $702,377.99. Following the transaction, the chief accounting officer now owns 10,880 shares of the company’s stock, valued at approximately $1,492,844.80. The disclosure for this sale can be found here. Insiders have sold a total of 25,119 shares of company stock valued at $3,711,578 in the last ninety days. Company insiders own 8.07% of the company’s stock.

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.