Expedia Group, Inc. (NASDAQ:EXPE) Stock Position Decreased by HighTower Advisors LLC

HighTower Advisors LLC cut its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 4.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 48,671 shares of the online travel company’s stock after selling 2,112 shares during the quarter. HighTower Advisors LLC’s holdings in Expedia Group were worth $7,206,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Innealta Capital LLC acquired a new position in Expedia Group in the 2nd quarter worth approximately $27,000. Blue Trust Inc. boosted its position in shares of Expedia Group by 93.8% in the second 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 period. Venturi Wealth Management LLC boosted its position in shares of Expedia Group by 709.8% in the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after buying an additional 291 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Expedia Group in the third quarter worth $51,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Expedia Group in the second quarter worth $65,000. 90.76% of the stock is owned by institutional investors.

Insider Activity at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $150.18, for a total value of $1,501,800.00. Following the completion of the transaction, the director now directly owns 198,505 shares in the company, valued at approximately $29,811,480.90. This represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Lance A. Soliday sold 7,000 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $181.99, for a total value of $1,273,930.00. Following the completion of the transaction, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at $2,035,922.13. The trade was a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,951 shares of company stock worth $6,197,710 in the last ninety days. 6.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Truist Financial started coverage on Expedia Group in a research report on Friday, September 6th. They set a “hold” rating and a $148.00 price objective for the company. Oppenheimer lifted their target price on shares of Expedia Group from $155.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Benchmark lifted their target price on shares of Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Wells Fargo & Company lifted their price objective on 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, StockNews.com raised Expedia Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Twenty investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $167.67.

Expedia Group Stock Down 0.6 %

Shares of EXPE stock opened at $189.52 on Tuesday. The firm has a market cap of $24.32 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 0.75 and a beta of 1.84. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $192.34. The stock has a 50 day moving average of $168.71 and a 200-day moving average of $143.02. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03.

Expedia Group Company 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.