Ontario Teachers Pension Plan Board Has $1.18 Million Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Ontario Teachers Pension Plan Board lowered its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 55.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,996 shares of the online travel company's stock after selling 9,773 shares during the period. Ontario Teachers Pension Plan Board's holdings in Expedia Group were worth $1,184,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Empirical Finance LLC raised its stake in shares of Expedia Group by 1.3% during the 3rd quarter. Empirical Finance LLC now owns 4,754 shares of the online travel company's stock worth $704,000 after buying an additional 63 shares in the last quarter. Venture Visionary Partners LLC lifted 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 valued at $1,683,000 after acquiring an additional 64 shares during the period. GHE LLC boosted its position in shares of Expedia Group by 1.0% during the 3rd quarter. GHE LLC now owns 6,689 shares of the online travel company's stock worth $980,000 after purchasing an additional 69 shares in the last quarter. AdvisorShares Investments LLC grew its stake in shares of Expedia Group by 7.1% during the 2nd quarter. AdvisorShares Investments LLC now owns 1,517 shares of the online travel company's stock worth $186,000 after purchasing an additional 100 shares during the period. Finally, Bleakley Financial Group LLC increased its holdings in shares of Expedia Group by 5.2% in the 3rd quarter. Bleakley Financial Group LLC now owns 2,076 shares of the online travel company's stock valued at $307,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company's stock.

Expedia Group Stock Up 1.2 %

EXPE stock traded up $2.16 during trading hours on Thursday, hitting $181.26. The company's stock had a trading volume of 154,907 shares, compared to its average volume of 2,151,889. The company has a market capitalization of $23.26 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 0.69 and a beta of 1.78. The stock has a 50 day moving average price of $157.30 and a two-hundred day moving average price of $136.14. 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 12 month low of $107.25 and a 12 month high of $190.40.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EXPE. BTIG Research upped their target price on shares of Expedia Group from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. JPMorgan Chase & Co. raised their price objective on Expedia Group from $135.00 to $170.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Bank of America upped their target price on Expedia Group from $144.00 to $166.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Barclays lifted their price target on Expedia Group from $134.00 to $153.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Expedia Group from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Nineteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $164.88.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction that occurred on 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 directly 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 this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the company's stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the transaction, the director now directly owns 198,505 shares of the company's stock, valued at $29,811,480.90. This represents a 4.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,000 shares of company stock valued at $5,846,530 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.