Expedia Group, Inc. (NASDAQ:EXPE) Holdings Raised by First Business Financial Services Inc.

First Business Financial Services Inc. boosted its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 2.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,940 shares of the online travel company’s stock after buying an additional 193 shares during the period. First Business Financial Services Inc.’s holdings in Expedia Group were worth $1,471,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXPE. Pacer Advisors Inc. raised its position in Expedia Group by 36.8% in the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock worth $334,403,000 after acquiring an additional 714,229 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Expedia Group by 414.4% in the 1st quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock worth $94,512,000 after purchasing an additional 552,831 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in Expedia Group by 1,649.4% during the second quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock valued at $51,354,000 after purchasing an additional 384,305 shares during the last quarter. AustralianSuper Pty Ltd boosted its holdings in Expedia Group by 88.8% during the second quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock worth $94,903,000 after buying an additional 354,389 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Expedia Group in the second quarter worth approximately $39,183,000. 90.76% of the stock is currently owned by institutional investors.

Insider Activity at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the completion of the transaction, the director now owns 198,505 shares in the company, valued at $29,811,480.90. This trade represents a 4.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert J. Dzielak sold 5,417 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the transaction, the insider now owns 84,543 shares of the company’s stock, valued at $11,379,487.80. This represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,417 shares of company stock worth $5,301,728 in the last 90 days. 6.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on EXPE shares. TD Cowen lowered Expedia Group from a “buy” rating to a “hold” rating and raised their price objective for the stock from $130.00 to $150.00 in a research note on Wednesday, September 25th. Jefferies Financial Group boosted their price objective on Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Citigroup raised their target price on shares of Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Barclays upped their price target on shares of Expedia Group from $134.00 to $153.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Finally, Piper Sandler reiterated a “neutral” rating and set a $140.00 price objective (down from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Nineteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $162.68.

Expedia Group Stock Up 1.1 %

Expedia Group stock opened at $182.26 on Friday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.76. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $190.40. The firm has a fifty day moving average price of $152.53 and a two-hundred day moving average price of $134.43. The firm has a market cap of $23.73 billion, a price-to-earnings ratio of 23.46, a P/E/G ratio of 0.71 and a beta of 1.78.

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.