Wilmington Savings Fund Society FSB Takes $2.96 Million Position in Expedia Group, Inc. (NASDAQ:EXPE)

Wilmington Savings Fund Society FSB bought a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 19,982 shares of the online travel company's stock, valued at approximately $2,958,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EXPE. Innealta Capital LLC bought a new stake in Expedia Group during the second quarter worth about $27,000. Blue Trust Inc. boosted its position in shares of Expedia Group by 93.8% in the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company's stock worth $30,000 after purchasing an additional 105 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Expedia Group by 709.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company's stock worth $49,000 after buying an additional 291 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Expedia Group in the 3rd quarter worth approximately $51,000. Finally, Future Financial Wealth Managment LLC bought a new position in Expedia Group during the 3rd quarter valued at approximately $74,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Dara Khosrowshahi sold 10,000 shares of the business's stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $150.18, for a total value of $1,501,800.00. Following the transaction, the director now directly owns 198,505 shares in the company, valued at $29,811,480.90. The trade was a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $180.00, for a total value of $351,180.00. Following the sale, the insider now owns 85,250 shares of the company's stock, valued at $15,345,000. This represents a 2.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,951 shares of company stock valued at $6,197,710 in the last ninety days. Corporate insiders own 6.80% of the company's stock.

Expedia Group Stock Performance

NASDAQ EXPE traded down $1.56 on Friday, hitting $183.00. 871,843 shares of the company traded hands, compared to its average volume of 2,085,598. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03. The business's 50 day moving average price is $171.80 and its 200-day moving average price is $144.68. The company has a market capitalization of $23.49 billion, a price-to-earnings ratio of 23.55, a P/E/G ratio of 1.07 and a beta of 1.84. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $192.34.

Analyst Upgrades and Downgrades

EXPE has been the topic of a number of recent research reports. Wedbush increased their target price on Expedia Group from $130.00 to $180.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Barclays increased their price objective on shares of Expedia Group from $134.00 to $153.00 and gave the company an "equal weight" rating in a research report on Friday, November 8th. Robert W. Baird began coverage on shares of Expedia Group in a report on Wednesday, November 27th. They issued an "outperform" rating and a $225.00 target price for the company. JPMorgan Chase & Co. upped their target price on shares of Expedia Group from $135.00 to $170.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Finally, TD Cowen downgraded shares of Expedia Group from a "buy" rating to a "hold" rating and raised their price target for the company from $130.00 to $150.00 in a research report on Wednesday, September 25th. Twenty equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $167.67.

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.