ValueAct Holdings L.P. lessened its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 23.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,607,606 shares of the online travel company's stock after selling 806,962 shares during the quarter. Expedia Group makes up approximately 8.8% of ValueAct Holdings L.P.'s portfolio, making the stock its 6th largest holding. ValueAct Holdings L.P. owned 2.00% of Expedia Group worth $385,978,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Orion Portfolio Solutions LLC raised its holdings in shares of Expedia Group by 22.8% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 11,827 shares of the online travel company's stock valued at $1,751,000 after purchasing an additional 2,199 shares in the last quarter. Zacks Investment Management acquired a new position in Expedia Group during the third quarter worth $559,000. National Bank of Canada FI raised its holdings in Expedia Group by 32.7% during the third quarter. National Bank of Canada FI now owns 57,465 shares of the online travel company's stock valued at $8,506,000 after buying an additional 14,157 shares in the last quarter. iA Global Asset Management Inc. lifted its position in shares of Expedia Group by 205.2% in the third quarter. iA Global Asset Management Inc. now owns 7,390 shares of the online travel company's stock worth $1,094,000 after buying an additional 4,969 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in shares of Expedia Group during the 3rd quarter worth about $759,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Expedia Group
In other news, Director Dara Khosrowshahi sold 10,000 shares of the 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 sale, the director now owns 208,505 shares in the company, valued at approximately $31,319,536.05. This represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Lance A. Soliday sold 7,000 shares of the firm's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $181.99, for a total value of $1,273,930.00. Following the completion of the sale, the chief accounting officer now owns 11,187 shares of the company's stock, valued at approximately $2,035,922.13. This trade represents a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,951 shares of company stock valued at $6,197,710 in the last ninety days. Insiders own 6.80% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded Expedia Group from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. Benchmark boosted their price objective on shares of Expedia Group from $180.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Jefferies Financial Group upped their price objective on shares of Expedia Group from $145.00 to $160.00 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. Cantor Fitzgerald reiterated a "neutral" rating and issued a $130.00 target price on shares of Expedia Group in a report on Monday, October 7th. Finally, Wedbush upped their price target on shares of Expedia Group from $130.00 to $180.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Twenty investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $167.67.
View Our Latest Report on EXPE
Expedia Group Price Performance
Shares of NASDAQ:EXPE traded down $0.29 on Friday, hitting $190.72. The stock had a trading volume of 1,131,008 shares, compared to its average volume of 1,457,636. The firm's 50 day moving average price is $167.88 and its 200-day moving average price is $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. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month high of $192.28. The company has a market capitalization of $24.48 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 0.74 and a beta of 1.84.
About Expedia Group
(
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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