Cornercap Investment Counsel Inc. Sells 4,833 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Cornercap Investment Counsel Inc. trimmed its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 30.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 11,055 shares of the online travel company's stock after selling 4,833 shares during the period. Cornercap Investment Counsel Inc.'s holdings in Expedia Group were worth $1,636,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EXPE. Pacer Advisors Inc. boosted its position in shares of Expedia Group by 36.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company's stock worth $334,403,000 after purchasing an additional 714,229 shares during the period. Acadian Asset Management LLC grew its stake in shares of Expedia Group by 414.4% in the first quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company's stock valued at $94,512,000 after buying an additional 552,831 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Expedia Group by 1,649.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company's stock valued at $51,354,000 after buying an additional 384,305 shares during the period. AustralianSuper Pty Ltd lifted its stake in Expedia Group by 88.8% during the 2nd quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company's stock worth $94,903,000 after acquiring an additional 354,389 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in Expedia Group during the 2nd quarter valued at about $39,183,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EXPE shares. UBS Group upped their price objective on Expedia Group from $137.00 to $156.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Citigroup increased their price target on Expedia Group from $140.00 to $145.00 and gave the company a "neutral" rating in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft downgraded Expedia Group from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. Royal Bank of Canada restated a "sector perform" rating and issued a $140.00 price objective on shares of Expedia Group in a report on Friday, August 9th. Finally, Wedbush increased their target price on Expedia Group from $130.00 to $180.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Nineteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Expedia Group presently has a consensus rating of "Hold" and an average target price of $162.68.

Expedia Group Price Performance

EXPE traded down $0.91 on Friday, reaching $181.35. The company had a trading volume of 2,194,083 shares, compared to its average volume of 2,174,034. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $190.40. The company has a market capitalization of $23.61 billion, a P/E ratio of 23.11, a PEG ratio of 0.71 and a beta of 1.78. The company has a fifty day moving average of $153.47 and a 200-day moving average of $134.76. The company has a current ratio of 0.73, a quick ratio of 0.76 and a debt-to-equity ratio of 2.03.

Insider Buying and Selling at Expedia Group

In related news, insider Robert J. Dzielak sold 5,417 shares of the business's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the completion of the sale, the insider now directly owns 84,543 shares in the company, valued at approximately $11,379,487.80. The trade was a 6.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the business's stock in a transaction on Friday, September 27th. The stock was sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the completion of the sale, the director now owns 208,505 shares of the company's stock, valued at $31,319,536.05. The trade was a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 35,417 shares of company stock valued at $5,301,728. 6.80% of the stock is owned by 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.