Royal London Asset Management Ltd. reduced its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 5.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,696 shares of the online travel company's stock after selling 2,950 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Expedia Group were worth $7,652,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Innealta Capital LLC acquired a new position in shares of Expedia Group in the 2nd quarter valued at approximately $27,000. Blue Trust Inc. grew 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 valued at $30,000 after purchasing an additional 105 shares during the period. Venturi Wealth Management LLC grew its position 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 valued at $49,000 after purchasing an additional 291 shares during the period. Brooklyn Investment Group acquired a new position in shares of Expedia Group in the 3rd quarter valued at approximately $51,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Expedia Group in the 2nd quarter valued at approximately $65,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, Director Dara Khosrowshahi sold 10,000 shares of the company'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 completion of the transaction, the director now directly owns 198,505 shares in the company, valued at approximately $29,811,480.90. This represents a 4.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lance A. Soliday sold 7,000 shares of the company's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $181.99, for a total value 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. The trade was a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,951 shares of company stock worth $6,197,710 over the last ninety days. 6.80% of the stock is owned by corporate insiders.
Expedia Group Price Performance
Expedia Group stock traded down $1.80 during midday trading on Monday, hitting $188.92. 618,999 shares of the company's stock were exchanged, compared to its average volume of 2,102,298. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $192.34. The stock has a 50-day moving average price of $167.88 and a two-hundred day moving average price of $142.46. 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 $24.25 billion, a P/E ratio of 24.55, a PEG ratio of 0.75 and a beta of 1.84.
Analysts Set New Price Targets
EXPE has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on Expedia Group from $130.00 to $159.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 8th. Robert W. Baird initiated coverage on Expedia Group in a research report on Wednesday, November 27th. They set an "outperform" rating and a $225.00 price target for the company. Benchmark upped their price target on Expedia Group from $180.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. TD Cowen cut Expedia Group from a "buy" rating to a "hold" rating and increased their price objective for the stock from $130.00 to $150.00 in a research report on Wednesday, September 25th. Finally, Barclays increased their price objective on Expedia Group from $134.00 to $153.00 and gave the stock an "equal weight" rating in a research report on Friday, November 8th. 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 data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $167.67.
Check Out Our Latest Research Report on Expedia Group
Expedia Group Company Profile
(
Free Report)
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.
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