Zacks Investment Management Invests $559,000 in Expedia Group, Inc. (NASDAQ:EXPE)

Zacks Investment Management bought a new position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,776 shares of the online travel company's stock, valued at approximately $559,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in shares of Expedia Group during the 2nd quarter valued at $27,000. Blue Trust Inc. grew its position in shares of Expedia Group by 93.8% during the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company's stock valued at $30,000 after acquiring an additional 105 shares during the period. Venturi Wealth Management LLC grew its position in shares of Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company's stock valued at $49,000 after acquiring an additional 291 shares during the period. Brooklyn Investment Group bought a new stake in shares of Expedia Group during the 3rd quarter valued at $51,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Expedia Group during the 3rd quarter valued at $74,000. Hedge funds and other institutional investors own 90.76% of the company's stock.

Expedia Group Stock Up 1.0 %

NASDAQ EXPE traded up $1.88 on Wednesday, hitting $190.29. 888,176 shares of the stock were exchanged, compared to its average volume of 2,094,232. The company has a market cap of $24.42 billion, a PE ratio of 24.49, a PEG ratio of 0.75 and a beta of 1.84. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $192.34. The company has a 50-day moving average price of $169.54 and a 200-day moving average price of $143.57.

Insider Activity at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of the firm's stock in a transaction on Friday, October 4th. The shares were sold at an average price of $150.18, for a total value of $1,501,800.00. Following the completion of the sale, the director now owns 198,505 shares in the company, valued at approximately $29,811,480.90. This trade represents a 4.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $180.00, for a total transaction of $351,180.00. Following the completion of the transaction, 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 sold a total of 38,951 shares of company stock worth $6,197,710 in the last 90 days. 6.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on EXPE shares. JPMorgan Chase & Co. boosted their price objective on shares of Expedia Group from $135.00 to $170.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Susquehanna lifted their target price on shares of Expedia Group from $145.00 to $190.00 and gave the company a "neutral" rating in a research note on Monday, November 11th. Benchmark lifted their target price on shares of Expedia Group from $180.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Barclays lifted their target price on shares of Expedia Group from $134.00 to $153.00 and gave the company an "equal weight" rating in a research note on Friday, November 8th. Finally, Baird R W upgraded shares of Expedia Group to a "strong-buy" rating in a research note on Wednesday, November 27th. Twenty research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $167.67.

Expedia Group Company 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.