KBC Group NV Trims Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

KBC Group NV cut its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 86.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,750 shares of the online travel company's stock after selling 454,037 shares during the quarter. KBC Group NV owned approximately 0.05% of Expedia Group worth $10,177,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EXPE. Venture Visionary Partners LLC grew its holdings in Expedia Group by 0.6% in the third quarter. Venture Visionary Partners LLC now owns 11,367 shares of the online travel company's stock worth $1,683,000 after purchasing an additional 64 shares during the period. GHE LLC increased its position in Expedia Group by 1.0% during the 3rd quarter. GHE LLC now owns 6,689 shares of the online travel company's stock valued at $980,000 after buying an additional 69 shares in the last quarter. Bleakley Financial Group LLC raised its stake in Expedia Group by 5.1% during the first quarter. Bleakley Financial Group LLC now owns 2,028 shares of the online travel company's stock valued at $279,000 after buying an additional 99 shares during the last quarter. AdvisorShares Investments LLC raised its stake in Expedia Group by 7.1% during the second quarter. AdvisorShares Investments LLC now owns 1,517 shares of the online travel company's stock valued at $186,000 after buying an additional 100 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Expedia Group by 93.8% in the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company's stock worth $30,000 after acquiring an additional 105 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Expedia Group 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 of the company's stock, valued at approximately $31,319,536.05. This trade represents a 4.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 5,417 shares of the business's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $134.60, for a total transaction of $729,128.20. Following the completion of the transaction, the insider now owns 84,543 shares of the company's stock, valued at $11,379,487.80. This represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,417 shares of company stock valued at $5,301,728 in the last ninety days. Insiders own 6.80% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on EXPE. JPMorgan Chase & Co. lifted their price target on Expedia Group from $135.00 to $170.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. TD Cowen cut shares of Expedia Group from a "buy" rating to a "hold" rating and increased their price target for the company from $130.00 to $150.00 in a report on Wednesday, September 25th. DA Davidson restated a "neutral" rating and issued a $135.00 price objective on shares of Expedia Group in a report on Friday, August 9th. Cantor Fitzgerald reissued a "neutral" rating and issued a $130.00 target price on shares of Expedia Group in a report on Monday, October 7th. Finally, Jefferies Financial Group upped their price target on Expedia Group from $145.00 to $160.00 and gave the company a "hold" rating in a report on Tuesday, October 22nd. Nineteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $162.68.

Expedia Group Price Performance

Shares of EXPE traded down $0.91 during midday trading on Friday, hitting $181.35. 2,209,167 shares of the company traded hands, compared to its average volume of 1,701,811. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $190.40. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.76 and a current ratio of 0.73. The firm has a 50 day moving average of $154.45 and a 200-day moving average of $135.07. The stock has a market cap of $23.61 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 0.71 and a beta of 1.78.

Expedia Group Profile

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.