Avanza Fonder AB Buys New Shares in Expedia Group, Inc. (NASDAQ:EXPE)

Avanza Fonder AB acquired a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,366 shares of the online travel company's stock, valued at approximately $1,745,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EXPE. Envestnet Asset Management Inc. lifted its position in shares of Expedia Group by 8.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 217,286 shares of the online travel company's stock worth $27,376,000 after acquiring an additional 16,856 shares during the period. Dimensional Fund Advisors LP lifted its position in Expedia Group by 14.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,054,485 shares of the online travel company's stock worth $132,851,000 after purchasing an additional 135,973 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Expedia Group by 10.0% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,060 shares of the online travel company's stock worth $260,000 after buying an additional 187 shares in the last quarter. Amalgamated Bank increased its holdings in Expedia Group by 6.0% in the 2nd quarter. Amalgamated Bank now owns 42,949 shares of the online travel company's stock valued at $5,411,000 after buying an additional 2,438 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Expedia Group by 9.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,631 shares of the online travel company's stock valued at $1,335,000 after buying an additional 883 shares during the period. Institutional investors own 90.76% of the company's stock.

Wall Street Analyst Weigh In

EXPE has been the topic of several recent research reports. BTIG Research lifted their target price on shares of Expedia Group from $175.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Bank of America upgraded Expedia Group from a "neutral" rating to a "buy" rating and upped their price objective for the company from $187.00 to $221.00 in a research note on Wednesday, December 18th. UBS Group raised their target price on Expedia Group from $137.00 to $156.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Benchmark upped their price target on Expedia Group from $180.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Finally, The Goldman Sachs Group lifted their price objective on Expedia Group from $208.00 to $236.00 and gave the company a "buy" rating in a report on Friday, January 10th. Twenty analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $175.96.

Insider Activity

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $156.87, for a total transaction of $1,568,700.00. Following the sale, the director now directly owns 188,505 shares in the company, valued at approximately $29,570,779.35. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Lance A. Soliday sold 7,000 shares of the company's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the completion of the transaction, the chief accounting officer now owns 11,187 shares of the company's stock, valued at $2,035,922.13. This trade represents a 38.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,951 shares of company stock valued at $5,045,310 in the last quarter. Company insiders own 6.80% of the company's stock.

Expedia Group Trading Down 0.7 %

NASDAQ:EXPE traded down $1.39 during trading hours on Friday, hitting $187.28. The stock had a trading volume of 1,909,774 shares, compared to its average volume of 1,148,496. The business's 50 day moving average is $184.66 and its 200-day moving average is $156.14. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market cap of $24.04 billion, a price-to-earnings ratio of 24.10, a P/E/G ratio of 0.81 and a beta of 1.83. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $192.34.

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.