Expedia Group, Inc. (NASDAQ:EXPE) Shares Purchased by Assetmark Inc.

Assetmark Inc. boosted its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 51.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 18,608 shares of the online travel company’s stock after purchasing an additional 6,298 shares during the quarter. Assetmark Inc.’s holdings in Expedia Group were worth $2,754,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. raised its stake in shares of Expedia Group by 17.0% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,988 shares of the online travel company’s stock worth $549,000 after buying an additional 579 shares during the last quarter. Avantax Advisory Services Inc. raised its position in Expedia Group by 12.3% during the first quarter. Avantax Advisory Services Inc. now owns 1,674 shares of the online travel company’s stock worth $231,000 after acquiring an additional 183 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of Expedia Group by 5.1% in the first quarter. Bleakley Financial Group LLC now owns 2,028 shares of the online travel company’s stock valued at $279,000 after purchasing an additional 99 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Expedia Group by 7.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 164,317 shares of the online travel company’s stock valued at $22,635,000 after purchasing an additional 11,045 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Expedia Group by 18.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 154,867 shares of the online travel company’s stock worth $21,333,000 after purchasing an additional 23,939 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the transaction, the director now directly owns 208,505 shares of the company’s stock, valued at approximately $31,319,536.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $134.60, for a total transaction of $729,128.20. Following the completion of the sale, the insider now directly owns 84,543 shares in the company, valued at $11,379,487.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $150.21, for a total value of $1,502,100.00. Following the completion of the transaction, the director now owns 208,505 shares in the company, valued at approximately $31,319,536.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 35,417 shares of company stock worth $5,301,728. Corporate insiders own 6.80% of the company’s stock.

Expedia Group Price Performance

EXPE opened at $180.33 on Thursday. The company has a 50 day moving average of $151.62 and a two-hundred day moving average of $134.10. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $190.40. The company has a quick ratio of 0.76, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. The company has a market cap of $23.48 billion, a P/E ratio of 23.27, a P/E/G ratio of 0.70 and a beta of 1.78.

Analysts Set New Price Targets

A number of research firms recently issued reports on EXPE. Piper Sandler reaffirmed a “neutral” rating and issued a $140.00 target price (down previously from $145.00) on shares of Expedia Group in a research note on Friday, August 9th. TD Cowen lowered Expedia Group from a “buy” rating to a “hold” rating and increased their price objective for the company from $130.00 to $150.00 in a research note on Wednesday, September 25th. Susquehanna lifted their price objective on Expedia Group from $145.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday. Bank of America upped their target price on shares of Expedia Group from $144.00 to $166.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $140.00 price target on shares of Expedia Group in a report on Friday, August 9th. Twenty equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Expedia Group currently has an average rating of “Hold” and a consensus target price of $161.62.

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.