Assenagon Asset Management S.A. Sells 97,693 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Assenagon Asset Management S.A. decreased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 74.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 33,053 shares of the online travel company’s stock after selling 97,693 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Expedia Group were worth $6,159,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC purchased a new position in shares of Expedia Group in the fourth quarter worth about $256,000. Seed Wealth Management Inc. bought a new position in Expedia Group in the 4th quarter worth approximately $215,000. Signet Financial Management LLC grew its stake in Expedia Group by 0.3% in the 4th quarter. Signet Financial Management LLC now owns 25,499 shares of the online travel company’s stock valued at $4,751,000 after buying an additional 74 shares in the last quarter. Pallas Capital Advisors LLC raised its holdings in Expedia Group by 5.5% during the 4th quarter. Pallas Capital Advisors LLC now owns 4,134 shares of the online travel company’s stock valued at $770,000 after acquiring an additional 216 shares during the period. Finally, Miracle Mile Advisors LLC purchased a new stake in shares of Expedia Group during the fourth quarter worth $457,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on EXPE. Susquehanna raised their price objective on shares of Expedia Group from $145.00 to $190.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. StockNews.com raised Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 14th. DA Davidson lifted their price target on Expedia Group from $135.00 to $190.00 and gave the stock a “neutral” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. boosted their price target on shares of Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Benchmark increased their price target on shares of Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Twenty investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Expedia Group presently has a consensus rating of “Hold” and a consensus target price of $175.96.

Expedia Group Trading Down 0.7 %

Shares of EXPE stock opened at $187.28 on Monday. The company has a 50-day moving average of $184.66 and a two-hundred day moving average of $156.14. The firm has a market cap of $24.04 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 0.81 and a beta of 1.83. Expedia Group, Inc. has a 1-year low of $107.25 and a 1-year high of $192.34. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73.

Insider Buying and Selling

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $156.87, for a total value of $1,568,700.00. Following the sale, the director now owns 188,505 shares of the company’s stock, valued at $29,570,779.35. This trade represents a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert J. Dzielak sold 1,951 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $180.00, for a total transaction of $351,180.00. Following the transaction, the insider now owns 85,250 shares of the company’s stock, valued at $15,345,000. This trade represents a 2.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,951 shares of company stock valued at $5,045,310. Company insiders own 6.80% of the company’s stock.

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.