Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Empowered Funds LLC

Empowered Funds LLC lessened its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 1.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,382 shares of the online travel company’s stock after selling 885 shares during the quarter. Empowered Funds LLC’s holdings in Expedia Group were worth $8,198,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Innealta Capital LLC bought a new position in Expedia Group during the 2nd quarter worth $27,000. Blue Trust Inc. raised its holdings in shares of Expedia Group by 93.8% during the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock valued at $30,000 after acquiring an additional 105 shares during the period. Crewe Advisors LLC purchased a new stake in Expedia Group in the 1st quarter worth about $40,000. LRI Investments LLC acquired a new position in shares of Expedia Group in the first quarter worth $48,000. Finally, Cedar Wealth Management LLC acquired a new position in Expedia Group in the first quarter worth approximately $49,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Stock Performance

Shares of EXPE opened at $181.35 on Friday. The firm has a market cap of $23.61 billion, a PE ratio of 23.34, a PEG ratio of 0.71 and a beta of 1.78. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.76. The stock’s fifty day moving average price is $154.45 and its two-hundred day moving average price is $135.07. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $190.40.

Wall Street Analyst Weigh In

EXPE has been the subject of a number of recent analyst reports. Oppenheimer upped their target price on Expedia Group from $155.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Wells Fargo & Company lifted their target price on shares of Expedia Group from $130.00 to $159.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $130.00 price target on shares of Expedia Group in a research note on Monday, October 7th. DA Davidson reiterated a “neutral” rating and issued a $135.00 target price on shares of Expedia Group in a report on Friday, August 9th. Finally, Piper Sandler reaffirmed 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 equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $162.68.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 5,417 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $134.60, for a total transaction of $729,128.20. Following the sale, the insider now directly owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. This represents a 6.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $156.87, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,417 shares of company stock valued at $5,301,728 over the last three months. Company insiders own 6.80% of the company’s stock.

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.