Miracle Mile Advisors LLC Buys New Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Miracle Mile Advisors LLC bought a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,454 shares of the online travel company's stock, valued at approximately $457,000.

A number of other institutional investors have also recently modified their holdings of the business. Caprock Group LLC grew its holdings in Expedia Group by 33.7% in the third quarter. Caprock Group LLC now owns 10,191 shares of the online travel company's stock valued at $1,508,000 after purchasing an additional 2,569 shares during the period. Cozad Asset Management Inc. lifted its position in shares of Expedia Group by 16.9% in the third quarter. Cozad Asset Management Inc. now owns 30,823 shares of the online travel company's stock valued at $4,562,000 after acquiring an additional 4,449 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Expedia Group by 13.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 649,716 shares of the online travel company's stock worth $96,171,000 after acquiring an additional 75,120 shares during the last quarter. Integrated Investment Consultants LLC purchased a new stake in shares of Expedia Group during the third quarter worth approximately $527,000. Finally, DoubleLine ETF Adviser LP acquired a new position in Expedia Group in the 2nd quarter valued at $465,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Stock Up 1.2 %

Shares of NASDAQ EXPE traded up $2.15 during midday trading on Thursday, hitting $188.67. The company's stock had a trading volume of 957,936 shares, compared to its average volume of 1,111,634. 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 firm has a market capitalization of $24.22 billion, a price-to-earnings ratio of 24.28, a price-to-earnings-growth ratio of 0.81 and a beta of 1.83. The business's fifty day simple moving average is $184.24 and its two-hundred day simple moving average is $155.00. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $192.34.

Insiders Place Their Bets

In other news, insider Robert J. Dzielak sold 1,951 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $180.00, for a total transaction of $351,180.00. Following the completion of the transaction, the insider now directly owns 85,250 shares of the company's stock, valued at approximately $15,345,000. The trade was a 2.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the sale, the director now owns 168,505 shares in the company, valued at $31,198,700.75. The trade was a 5.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,951 shares of company stock worth $5,045,310 in the last ninety days. 6.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

EXPE has been the topic of several recent research reports. Baird R W raised shares of Expedia Group to a "strong-buy" rating in a research note on Wednesday, November 27th. JMP Securities restated a "market perform" rating on shares of Expedia Group in a research report on Monday, December 16th. Melius raised shares of Expedia Group from a "hold" rating to a "buy" rating and set a $220.00 price objective for the company in a research note on Monday, January 6th. Barclays raised their target price on shares of Expedia Group from $153.00 to $166.00 and gave the stock an "equal weight" rating in a research note on Monday. Finally, StockNews.com upgraded Expedia Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, December 14th. Twenty investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $175.96.

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.