Nordea Investment Management AB Sells 7,950 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Nordea Investment Management AB lessened its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 11.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,798 shares of the online travel company’s stock after selling 7,950 shares during the period. Nordea Investment Management AB’s holdings in Expedia Group were worth $11,857,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXPE. Everence Capital Management Inc. acquired a new position in Expedia Group in the fourth quarter valued at about $525,000. GAMMA Investing LLC increased its holdings in Expedia Group by 33.5% in the 4th quarter. GAMMA Investing LLC now owns 1,937 shares of the online travel company’s stock valued at $361,000 after buying an additional 486 shares during the period. Versant Capital Management Inc raised its position in shares of Expedia Group by 299.3% in the 4th quarter. Versant Capital Management Inc now owns 559 shares of the online travel company’s stock valued at $104,000 after buying an additional 419 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of Expedia Group in the 3rd quarter valued at approximately $1,930,000. Finally, Optimist Retirement Group LLC bought a new stake in shares of Expedia Group during the 3rd quarter worth approximately $246,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 1,951 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the transaction, the insider now directly owns 85,250 shares of the company’s stock, valued at approximately $15,345,000. This trade represents a 2.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the sale, the director now directly owns 168,505 shares of the company’s stock, valued at approximately $31,198,700.75. The trade was a 5.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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 Stock Performance

Shares of Expedia Group stock opened at $182.62 on Thursday. The business has a 50-day simple moving average of $182.23 and a 200 day simple moving average of $153.06. Expedia Group, Inc. has a one year low of $107.25 and a one 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. The firm has a market capitalization of $23.44 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 1.03 and a beta of 1.84.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. StockNews.com raised shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 14th. Bank of America upgraded Expedia Group from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $187.00 to $221.00 in a research report on Wednesday, December 18th. Melius raised Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 target price for the company in a research note on Monday. Baird R W upgraded shares of Expedia Group to a “strong-buy” rating in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Twenty investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Expedia Group currently has an average rating of “Hold” and a consensus target price of $171.63.

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.