Assenagon Asset Management S.A. Sells 97,693 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Assenagon Asset Management S.A. cut its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 74.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,053 shares of the online travel company's stock after selling 97,693 shares during the period. Assenagon Asset Management S.A.'s holdings in Expedia Group were worth $6,159,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of EXPE. Windacre Partnership LLC increased its stake in shares of Expedia Group by 49.5% in the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company's stock valued at $639,994,000 after buying an additional 1,431,500 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Expedia Group by 22.5% during the 3rd quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company's stock worth $481,170,000 after acquiring an additional 596,510 shares during the last quarter. Geode Capital Management LLC increased its position in Expedia Group by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,197,927 shares of the online travel company's stock valued at $472,212,000 after acquiring an additional 20,005 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Expedia Group by 9.4% in the third quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company's stock worth $250,078,000 after acquiring an additional 144,579 shares during the last quarter. Finally, Alkeon Capital Management LLC raised its stake in shares of Expedia Group by 46.3% in the third quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company's stock worth $233,349,000 after acquiring an additional 498,934 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EXPE. Robert W. Baird initiated coverage on shares of Expedia Group in a report on Wednesday, November 27th. They issued an "outperform" rating and a $225.00 price target for the company. Jefferies Financial Group lifted their target price on Expedia Group from $145.00 to $160.00 and gave the company a "hold" rating in a research note on Tuesday, October 22nd. Benchmark upped their price target on Expedia Group from $180.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, November 8th. TD Cowen cut 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 report on Wednesday, September 25th. Finally, UBS Group boosted their price objective on Expedia Group from $137.00 to $156.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Twenty investment analysts have rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Expedia Group currently has a consensus rating of "Hold" and an average target price of $175.96.

Expedia Group Stock Down 0.7 %

NASDAQ:EXPE traded down $1.39 during trading hours on Monday, reaching $187.28. 1,909,774 shares of the stock were exchanged, compared to its average volume of 1,148,496. The stock has a market cap of $24.04 billion, a PE ratio of 24.10, a PEG ratio of 0.81 and a beta of 1.83. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month high of $192.34. The firm has a 50 day moving average of $184.66 and a 200 day moving average of $156.14. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73.

Insider Transactions at Expedia Group

In other news, insider Robert J. Dzielak sold 1,951 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the sale, the insider now directly owns 85,250 shares of the company's stock, valued at approximately $15,345,000. This represents a 2.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total value of $1,851,500.00. Following the completion of the sale, the director now directly owns 168,505 shares of the company's stock, valued at approximately $31,198,700.75. The trade was a 5.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,951 shares of company stock valued at $5,045,310 over the last 90 days. 6.80% of the stock is owned by corporate insiders.

About Expedia Group

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.