Cornercap Investment Counsel Inc. Has $1.43 Million Stock Holdings in Expedia Group, Inc. $EXPE

Cornercap Investment Counsel Inc. lessened its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 10.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 8,500 shares of the online travel company’s stock after selling 1,008 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Expedia Group were worth $1,434,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC acquired a new stake in shares of Expedia Group in the fourth quarter worth $408,000. Principal Financial Group Inc. grew its stake in shares of Expedia Group by 1.9% in the first quarter. Principal Financial Group Inc. now owns 170,824 shares of the online travel company’s stock worth $28,716,000 after acquiring an additional 3,223 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Expedia Group by 1.8% in the first quarter. Envestnet Asset Management Inc. now owns 186,764 shares of the online travel company’s stock worth $31,395,000 after acquiring an additional 3,251 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Expedia Group by 54.7% in the first quarter. Crossmark Global Holdings Inc. now owns 17,968 shares of the online travel company’s stock worth $3,020,000 after acquiring an additional 6,355 shares during the last quarter. Finally, Brown Advisory Inc. grew its stake in shares of Expedia Group by 4.1% in the first quarter. Brown Advisory Inc. now owns 40,067 shares of the online travel company’s stock worth $6,735,000 after acquiring an additional 1,578 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Susquehanna raised their price objective on shares of Expedia Group from $175.00 to $200.00 and gave the stock a “neutral” rating in a research note on Monday, August 11th. Citigroup raised their price objective on shares of Expedia Group from $177.00 to $206.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. Jefferies Financial Group raised their price objective on shares of Expedia Group from $210.00 to $220.00 and gave the stock a “hold” rating in a research note on Friday, October 17th. TD Cowen lifted their price target on shares of Expedia Group from $205.00 to $220.00 and gave the stock a “hold” rating in a research note on Tuesday, October 21st. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price target on shares of Expedia Group in a research note on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty-two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Expedia Group currently has a consensus rating of “Hold” and an average target price of $214.29.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 852 shares of Expedia Group stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $205.88, for a total transaction of $175,409.76. Following the completion of the transaction, the chief accounting officer directly owned 12,036 shares of the company’s stock, valued at approximately $2,477,971.68. This trade represents a 6.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert J. Dzielak sold 3,306 shares of Expedia Group stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $200.84, for a total value of $663,977.04. Following the transaction, the insider directly owned 77,075 shares of the company’s stock, valued at approximately $15,479,743. The trade was a 4.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 9,816 shares of company stock valued at $2,009,132. 9.13% of the stock is currently owned by company insiders.

Expedia Group Stock Up 0.8%

Shares of NASDAQ EXPE opened at $213.81 on Thursday. The stock has a market cap of $26.45 billion, a PE ratio of 26.20, a PEG ratio of 1.15 and a beta of 1.58. The business has a fifty day moving average of $218.54 and a two-hundred day moving average of $191.08. Expedia Group, Inc. has a 52-week low of $130.01 and a 52-week high of $240.98. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.13 by $0.11. The company had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.70 billion. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%.The business’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the business earned $3.51 earnings per share. As a group, equities research analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

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.