Expedia Group, Inc. (NASDAQ:EXPE) Stake Reduced by Intech Investment Management LLC

Intech Investment Management LLC decreased its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 92.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,669 shares of the online travel company’s stock after selling 31,033 shares during the quarter. Intech Investment Management LLC’s holdings in Expedia Group were worth $395,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Altman Advisors Inc. boosted its stake in Expedia Group by 1.5% during the third quarter. Altman Advisors Inc. now owns 13,484 shares of the online travel company’s stock valued at $1,996,000 after buying an additional 194 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Expedia Group by 10.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,344 shares of the online travel company’s stock worth $199,000 after acquiring an additional 129 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Expedia Group by 3.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 13,855 shares of the online travel company’s stock worth $2,051,000 after acquiring an additional 399 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Expedia Group in the 3rd quarter worth about $1,814,000. Finally, Caprock Group LLC lifted its stake in Expedia Group by 33.7% in the 3rd quarter. Caprock Group LLC now owns 10,191 shares of the online travel company’s stock worth $1,508,000 after acquiring an additional 2,569 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

Insider Activity at Expedia Group

In other news, CAO Lance A. Soliday sold 7,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $2,035,922.13. This represents a 38.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 198,505 shares of the company’s stock, valued at $29,811,480.90. This trade represents a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,951 shares of company stock worth $6,197,710. 6.80% of the stock is owned by insiders.

Expedia Group Trading Down 0.7 %

NASDAQ EXPE opened at $183.69 on Wednesday. The stock has a 50-day simple moving average of $165.34 and a 200 day simple moving average of $140.83. The company has a market capitalization of $23.58 billion, a PE ratio of 23.64, a P/E/G ratio of 0.73 and a beta of 1.84. The company has a current ratio of 0.73, a quick 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.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EXPE. Wells Fargo & Company increased their price objective on Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Wedbush raised their target price on Expedia Group from $130.00 to $180.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Royal Bank of Canada reissued a “sector perform” rating and set a $140.00 price objective on shares of Expedia Group in a report on Friday, August 9th. UBS Group lifted their price objective on Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Twenty equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $167.67.

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.