Neo Ivy Capital Management Makes New Investment in Expedia Group, Inc. (NASDAQ:EXPE)

Neo Ivy Capital Management acquired a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,086 shares of the online travel company's stock, valued at approximately $2,234,000.

Other hedge funds also recently modified their holdings of the company. Windacre Partnership LLC grew its position in shares of Expedia Group by 49.5% in the 3rd quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company's stock valued at $639,994,000 after acquiring an additional 1,431,500 shares during the period. Pacer Advisors Inc. grew its holdings in Expedia Group by 36.8% during the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company's stock worth $334,403,000 after purchasing an additional 714,229 shares during the period. Alkeon Capital Management LLC increased its position in Expedia Group by 46.3% during the third quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company's stock worth $233,349,000 after buying an additional 498,934 shares during the last quarter. Point72 Asset Management L.P. raised its stake in Expedia Group by 1,649.4% in the second quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company's stock valued at $51,354,000 after buying an additional 384,305 shares during the period. Finally, AustralianSuper Pty Ltd lifted its position in shares of Expedia Group by 88.8% in the second quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company's stock valued at $94,903,000 after buying an additional 354,389 shares during the last quarter. Institutional investors own 90.76% of the company's stock.

Wall Street Analysts Forecast Growth

EXPE has been the subject of several research reports. DA Davidson raised their price target on Expedia Group from $135.00 to $190.00 and gave the company a "neutral" rating in a report on Monday, November 18th. Jefferies Financial Group increased their price objective on shares of Expedia Group from $145.00 to $160.00 and gave the company a "hold" rating in a research report on Tuesday, October 22nd. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $130.00 target price on shares of Expedia Group in a report on Monday, October 7th. Oppenheimer increased their price target on shares of Expedia Group from $155.00 to $210.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Finally, Susquehanna boosted their price objective on Expedia Group from $145.00 to $190.00 and gave the stock a "neutral" rating in a report on Monday, November 11th. Twenty equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $167.67.

Insider Activity at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the transaction, the director now directly owns 208,505 shares of the company's stock, valued at $31,319,536.05. This represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 1,951 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the completion of the sale, the insider now owns 85,250 shares of the company's stock, valued at approximately $15,345,000. This represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,951 shares of company stock worth $6,197,710 over the last ninety days. Insiders own 6.80% of the company's stock.

Expedia Group Trading Up 1.1 %

EXPE traded up $2.07 during midday trading on Wednesday, hitting $190.48. 340,839 shares of the company were exchanged, compared to its average volume of 2,091,873. The firm has a market capitalization of $24.45 billion, a P/E ratio of 24.25, a P/E/G ratio of 0.75 and a beta of 1.84. The firm's 50 day moving average price is $168.71 and its 200-day moving average price is $143.02. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. Expedia Group, Inc. has a 1-year low of $107.25 and a 1-year high of $192.34.

Expedia Group Company 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.