Securian Asset Management Inc. cut its stake in Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,139 shares of the online travel company’s stock after selling 200 shares during the period. Securian Asset Management Inc.’s holdings in Expedia Group were worth $1,063,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Expedia Group by 1.6% in the third quarter. Vanguard Group Inc. now owns 16,898,096 shares of the online travel company’s stock worth $1,583,182,000 after acquiring an additional 265,087 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Expedia Group by 187.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,921,028 shares of the online travel company’s stock worth $375,888,000 after acquiring an additional 1,251,933 shares during the period. Capital Wealth Alliance LLC purchased a new stake in shares of Expedia Group during the second quarter valued at about $12,058,000. Northern Trust Corp boosted its holdings in shares of Expedia Group by 2.2% in the 1st quarter. Northern Trust Corp now owns 1,494,428 shares of the online travel company’s stock valued at $292,414,000 after buying an additional 32,876 shares in the last quarter. Finally, Boston Partners boosted its holdings in shares of Expedia Group by 6.3% in the 3rd quarter. Boston Partners now owns 1,465,939 shares of the online travel company’s stock valued at $137,329,000 after buying an additional 86,277 shares in the last quarter. 89.89% of the stock is owned by hedge funds and other institutional investors.
Expedia Group Trading Up 0.4 %
Shares of EXPE opened at $94.19 on Tuesday. Expedia Group, Inc. has a 52-week low of $82.39 and a 52-week high of $187.83. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.67. The firm’s fifty day moving average is $99.12 and its two-hundred day moving average is $98.90. The stock has a market cap of $14.44 billion, a PE ratio of 44.01, a price-to-earnings-growth ratio of 0.94 and a beta of 1.60.
Insider Activity
In other Expedia Group news, CAO Lance A. Soliday sold 605 shares of the company’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $116.71, for a total value of $70,609.55. Following the transaction, the chief accounting officer now owns 9,270 shares of the company’s stock, valued at $1,081,901.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Expedia Group news, CAO Lance A. Soliday sold 5,387 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $106.99, for a total transaction of $576,355.13. Following the sale, the chief accounting officer now directly owns 9,270 shares in the company, valued at $991,797.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lance A. Soliday sold 605 shares of the business’s stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $116.71, for a total transaction of $70,609.55. Following the sale, the chief accounting officer now owns 9,270 shares in the company, valued at $1,081,901.70. The disclosure for this sale can be found here. Corporate insiders own 7.52% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on EXPE. Piper Sandler raised their price target on shares of Expedia Group from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, February 10th. Morgan Stanley raised their price target on shares of Expedia Group from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Monday, February 27th. Credit Suisse Group lowered their target price on shares of Expedia Group from $176.00 to $174.00 and set an “outperform” rating for the company in a research note on Friday, February 10th. Oppenheimer lifted their target price on shares of Expedia Group from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, February 10th. Finally, StockNews.com assumed coverage on shares of Expedia Group in a research report on Thursday, March 16th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $136.79.
Expedia Group Company Profile
Expedia Group, Inc is an online travel company, which engages in the provision of travel products and services to leisure and corporate travelers. It operates through the following segments: Retail, B2B, and Trivago. The Retail segment provides a full range of travel and advertising services to worldwide customers through a variety of consumer brands including: Expedia.com and Hotels.com.
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