Allspring Global Investments Holdings LLC Has $14.50 Million Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Allspring Global Investments Holdings LLC boosted its position in Expedia Group, Inc. (NASDAQ:EXPE) by 54.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 97,953 shares of the online travel company’s stock after purchasing an additional 34,581 shares during the period. Allspring Global Investments Holdings LLC owned about 0.07% of Expedia Group worth $14,499,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXPE. ORG Partners LLC lifted its position in shares of Expedia Group by 4,525.0% in the first quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock valued at $25,000 after buying an additional 181 shares during the last quarter. Innealta Capital LLC bought a new position in shares of Expedia Group in the second quarter valued at about $27,000. Blue Trust Inc. lifted its stake in shares of Expedia Group by 93.8% during the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after buying an additional 105 shares during the last quarter. Crewe Advisors LLC acquired a new stake in shares of Expedia Group during the 1st quarter worth about $40,000. Finally, LRI Investments LLC bought a new stake in shares of Expedia Group during the 1st quarter worth about $48,000. Institutional investors own 90.76% of the company’s stock.

Insiders Place Their Bets

In other news, insider Robert J. Dzielak sold 12,602 shares of Expedia Group stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the sale, the insider now directly owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Robert J. Dzielak sold 12,602 shares of Expedia Group stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the transaction, the insider now owns 89,960 shares in the company, valued at approximately $11,829,740. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $150.18, for a total value of $1,501,800.00. Following the completion of the sale, the director now owns 198,505 shares of the company’s stock, valued at $29,811,480.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,019 shares of company stock valued at $5,390,191 in the last 90 days. Corporate insiders own 8.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EXPE. StockNews.com downgraded shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday. BTIG Research boosted their price target on Expedia Group from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Cantor Fitzgerald reiterated a “neutral” rating and set a $130.00 price objective on shares of Expedia Group in a research report on Monday, October 7th. Wells Fargo & Company boosted their target price on shares of Expedia Group from $130.00 to $159.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Finally, Truist Financial initiated coverage on shares of Expedia Group in a research report on Friday, September 6th. They set a “hold” rating and a $148.00 price target on the stock. Nineteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Expedia Group currently has a consensus rating of “Hold” and a consensus price target of $152.54.

Expedia Group Price Performance

EXPE stock opened at $158.39 on Friday. Expedia Group, Inc. has a 1 year low of $92.48 and a 1 year high of $164.65. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $21.59 billion, a price-to-earnings ratio of 29.71, a P/E/G ratio of 0.60 and a beta of 1.79. The company has a 50 day simple moving average of $143.75 and a 200 day simple moving average of $130.90.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.17 by $0.34. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.53 billion. During the same period in the prior year, the business earned $2.34 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Research analysts anticipate that Expedia Group, Inc. will post 8.98 EPS for the current fiscal year.

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.