Geode Capital Management LLC Raises Position in Expedia Group, Inc. (NASDAQ:EXPE)

Geode Capital Management LLC lifted its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,197,927 shares of the online travel company's stock after acquiring an additional 20,005 shares during the quarter. Geode Capital Management LLC owned 2.46% of Expedia Group worth $472,212,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EXPE. Foyston Gordon & Payne Inc boosted its holdings in Expedia Group by 0.6% during the 3rd quarter. Foyston Gordon & Payne Inc now owns 22,061 shares of the online travel company's stock valued at $3,265,000 after acquiring an additional 141 shares during the period. M&T Bank Corp boosted its stake in shares of Expedia Group by 0.3% during 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 purchasing an additional 249 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in shares of Expedia Group by 0.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 37,725 shares of the online travel company's stock worth $5,584,000 after purchasing an additional 286 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Expedia Group by 8.0% in the third quarter. MML Investors Services LLC now owns 11,508 shares of the online travel company's stock worth $1,703,000 after purchasing an additional 849 shares during the last quarter. Finally, Orion Portfolio Solutions LLC increased its stake in Expedia Group by 22.8% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 11,827 shares of the online travel company's stock worth $1,751,000 after buying an additional 2,199 shares during the period. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Stock Performance

Expedia Group stock traded down $1.56 during trading hours on Friday, hitting $183.00. 871,843 shares of the stock traded hands, compared to its average volume of 2,085,598. The firm's 50 day moving average price is $171.15 and its 200-day moving average price is $144.18. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $23.49 billion, a price-to-earnings ratio of 23.75, a P/E/G ratio of 1.07 and a beta of 1.84. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $192.34.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Cantor Fitzgerald restated a "neutral" rating and issued a $130.00 target price on shares of Expedia Group in a research note on Monday, October 7th. BTIG Research increased their price objective on Expedia Group from $175.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Baird R W upgraded Expedia Group to a "strong-buy" rating in a report on Wednesday, November 27th. Truist Financial initiated coverage on Expedia Group in a research note on Friday, September 6th. They set a "hold" rating and a $148.00 price target on the stock. Finally, StockNews.com raised shares of Expedia Group from a "buy" rating to a "strong-buy" rating in a research note on Thursday, December 5th. Twenty investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $167.67.

Insider Activity 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 value of $1,502,100.00. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 sale, 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 over the last quarter. Insiders own 6.80% of the company's stock.

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.