Franklin Resources Inc. cut its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 223,094 shares of the online travel company's stock after selling 4,183 shares during the period. Franklin Resources Inc. owned approximately 0.17% of Expedia Group worth $33,556,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Optimist Retirement Group LLC acquired a new stake in shares of Expedia Group during the third quarter worth $246,000. Wilmington Savings Fund Society FSB purchased a new position in Expedia Group during the 3rd quarter worth $2,958,000. Sanctuary Advisors LLC raised its position in Expedia Group by 6.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 9,124 shares of the online travel company's stock worth $1,351,000 after buying an additional 584 shares during the last quarter. Stock Yards Bank & Trust Co. lifted its stake in shares of Expedia Group by 16.3% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 216,685 shares of the online travel company's stock worth $32,074,000 after acquiring an additional 30,396 shares during the period. Finally, M&T Bank Corp boosted its holdings in shares of Expedia Group by 0.3% in the third quarter. M&T Bank Corp now owns 82,626 shares of the online travel company's stock valued at $12,230,000 after acquiring an additional 249 shares in the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Expedia Group
In other news, Director Dara Khosrowshahi sold 10,000 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $31,319,536.05. The trade was a 4.58 % decrease in their position. The sale 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 firm'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 in the company, valued at $2,035,922.13. The trade was a 38.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,951 shares of company stock worth $6,197,710 in the last quarter. 6.80% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on EXPE shares. BTIG Research raised their price objective 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. Susquehanna raised their price target on Expedia Group from $145.00 to $190.00 and gave the company a "neutral" rating in a report on Monday, November 11th. Wedbush lifted their price target on Expedia Group from $130.00 to $180.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. JPMorgan Chase & Co. increased their price objective on Expedia Group from $135.00 to $170.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft downgraded Expedia Group from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Twenty research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $169.70.
View Our Latest Stock Report on Expedia Group
Expedia Group Trading Up 1.8 %
Expedia Group stock traded up $3.18 during trading on Thursday, reaching $179.41. The company had a trading volume of 1,494,904 shares, compared to its average volume of 2,075,835. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $192.34. 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 stock's 50 day moving average price is $173.47 and its two-hundred day moving average price is $146.37. The firm has a market capitalization of $23.03 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 1.07 and a beta of 1.84.
Expedia Group Company Profile
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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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