CI Investments Inc. Reduces Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Posted by Defense World Staff on May 25th, 2023

CI Investments Inc. lessened its stake in Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) by 76.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,722 shares of the online travel company’s stock after selling 5,531 shares during the period. CI Investments Inc.’s holdings in Expedia Group were worth $151,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in EXPE. Raymond James Trust N.A. increased its stake in shares of Expedia Group by 17.6% in the first quarter. Raymond James Trust N.A. now owns 1,364 shares of the online travel company’s stock worth $267,000 after buying an additional 204 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Expedia Group by 6.2% in the first quarter. Dimensional Fund Advisors LP now owns 301,932 shares of the online travel company’s stock worth $59,077,000 after buying an additional 17,680 shares during the last quarter. Blair William & Co. IL increased its stake in shares of Expedia Group by 16.1% in the first quarter. Blair William & Co. IL now owns 6,052 shares of the online travel company’s stock worth $1,184,000 after buying an additional 838 shares during the last quarter. Prudential PLC bought a new stake in shares of Expedia Group in the first quarter worth $397,000. Finally, Cetera Investment Advisers increased its stake in shares of Expedia Group by 50.9% in the first quarter. Cetera Investment Advisers now owns 3,751 shares of the online travel company’s stock worth $734,000 after buying an additional 1,265 shares during the last quarter. Institutional investors own 89.89% of the company’s stock.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $93.32 on Thursday. Expedia Group, Inc. has a fifty-two week low of $82.39 and a fifty-two week high of $135.42. The firm’s 50-day simple moving average is $93.17 and its 200 day simple moving average is $98.68. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.90. The stock has a market cap of $13.82 billion, a P/E ratio of 47.37, a P/E/G ratio of 1.38 and a beta of 1.60.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 462 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $91.66, for a total value of $42,346.92. Following the sale, the chief accounting officer now directly owns 9,517 shares in the company, valued at $872,328.22. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.07% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

EXPE has been the subject of a number of research analyst reports. Benchmark restated a “buy” rating and issued a $160.00 price target on shares of Expedia Group in a research note on Friday, February 10th. Barclays decreased their price objective on shares of Expedia Group from $117.00 to $113.00 in a report on Friday, May 5th. Susquehanna decreased their price objective on shares of Expedia Group from $116.00 to $105.00 in a report on Monday, May 8th. DA Davidson decreased their price objective on shares of Expedia Group from $121.00 to $109.00 in a report on Friday, May 5th. Finally, Royal Bank of Canada lifted their price objective on shares of Expedia Group from $115.00 to $120.00 and gave the stock a “sector perform” rating in a report on Friday, February 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $131.70.

Expedia Group Company Profile

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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.