Equity Investment Corp grew its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 1.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 576,036 shares of the online travel company's stock after buying an additional 8,066 shares during the quarter. Expedia Group comprises 2.0% of Equity Investment Corp's holdings, making the stock its 25th biggest position. Equity Investment Corp owned about 0.44% of Expedia Group worth $85,265,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in EXPE. Innealta Capital LLC acquired a new stake in Expedia Group in the second quarter worth approximately $27,000. Blue Trust Inc. lifted its holdings in shares of Expedia Group by 93.8% in the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company's stock valued at $30,000 after buying an additional 105 shares during the period. Crewe Advisors LLC bought a new position in Expedia Group during the first quarter valued at about $40,000. LRI Investments LLC acquired a new position in Expedia Group during the first quarter worth about $48,000. Finally, Venturi Wealth Management LLC raised its position in Expedia Group by 709.8% in the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company's stock worth $49,000 after acquiring an additional 291 shares in the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other Expedia Group news, CAO Lance A. Soliday sold 7,000 shares of the firm's stock in a transaction that occurred on 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 sale, 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the company's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $156.87, for a total value of $1,568,700.00. Following the transaction, the director now owns 188,505 shares of the company's stock, valued at approximately $29,570,779.35. This trade represents a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,000 shares of company stock valued at $5,846,530. Insiders own 6.80% of the company's stock.
Expedia Group Stock Down 0.5 %
Shares of Expedia Group stock traded down $0.95 during midday trading on Monday, reaching $180.40. 1,282,777 shares of the company's stock traded hands, compared to its average volume of 2,170,050. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $190.40. The company's 50 day simple moving average is $155.40 and its 200 day simple moving average is $135.40. The company has a market cap of $23.48 billion, a price-to-earnings ratio of 23.22, a price-to-earnings-growth ratio of 0.71 and a beta of 1.78. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.76 and a current ratio of 0.73.
Wall Street Analyst Weigh In
EXPE has been the subject of several research reports. StockNews.com lowered shares of Expedia Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 9th. TD Cowen lowered shares of Expedia Group from a "buy" rating to a "hold" rating and lifted their price target for the stock from $130.00 to $150.00 in a research report on Wednesday, September 25th. JPMorgan Chase & Co. increased their price objective on Expedia Group from $135.00 to $170.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Citigroup lifted their target price on Expedia Group from $140.00 to $145.00 and gave the stock a "neutral" rating in a report on Friday, August 9th. Finally, Wells Fargo & Company upped their target price on Expedia Group from $130.00 to $159.00 and gave the company an "equal weight" rating in a report on Tuesday, October 8th. Nineteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $164.88.
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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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