Nordea Investment Management AB Reduces Position in Expedia Group, Inc. (NASDAQ:EXPE)

Nordea Investment Management AB lessened its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 62,798 shares of the online travel company's stock after selling 7,950 shares during the quarter. Nordea Investment Management AB's holdings in Expedia Group were worth $11,857,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Windacre Partnership LLC grew its holdings in Expedia Group by 49.5% during the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company's stock worth $639,994,000 after acquiring an additional 1,431,500 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Expedia Group by 22.5% in the 3rd quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company's stock valued at $481,170,000 after purchasing an additional 596,510 shares during the period. Geode Capital Management LLC boosted its holdings in Expedia Group by 0.6% during the third quarter. Geode Capital Management LLC now owns 3,197,927 shares of the online travel company's stock worth $472,212,000 after buying an additional 20,005 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Expedia Group by 9.4% in the third quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company's stock valued at $250,078,000 after buying an additional 144,579 shares in the last quarter. Finally, Alkeon Capital Management LLC increased its stake in shares of Expedia Group by 46.3% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company's stock valued at $233,349,000 after purchasing an additional 498,934 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company's stock.

Expedia Group Trading Up 0.2 %

Shares of EXPE stock traded up $0.29 during trading hours on Thursday, hitting $182.62. The company had a trading volume of 940,863 shares, compared to its average volume of 1,054,833. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $192.34. 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 company's fifty day moving average is $182.76 and its 200 day moving average is $153.27. The stock has a market capitalization of $23.44 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 1.03 and a beta of 1.84.

Analysts Set New Price Targets

A number of research firms have recently commented on EXPE. Wells Fargo & Company boosted their price objective on Expedia Group from $130.00 to $159.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 8th. Barclays lifted their target price on shares of Expedia Group from $134.00 to $153.00 and gave the company an "equal weight" rating in a research report on Friday, November 8th. Melius Research upgraded Expedia Group from a "hold" rating to a "strong-buy" rating in a report on Monday. Deutsche Bank Aktiengesellschaft cut Expedia Group from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Finally, Oppenheimer lifted their price target on Expedia Group from $155.00 to $210.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Twenty investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $171.63.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 7,000 shares of the company's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the sale, the chief accounting officer now owns 11,187 shares of the company's stock, valued at approximately $2,035,922.13. This represents a 38.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total value of $1,851,500.00. Following the completion of the transaction, the director now owns 168,505 shares of the company's stock, valued at approximately $31,198,700.75. This trade represents a 5.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,951 shares of company stock worth $5,045,310 over the last ninety days. Corporate insiders own 6.80% of the company's stock.

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.