Expedia Group, Inc. (NASDAQ:EXPE) Holdings Cut by Swedbank AB

Swedbank AB cut its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 0.4% in the 3rd quarter, Holdings Channel reports. The firm owned 168,340 shares of the online travel company’s stock after selling 736 shares during the quarter. Swedbank AB’s holdings in Expedia Group were worth $24,918,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. lifted its position in Expedia Group by 33.7% in the 1st quarter. Advisors Asset Management Inc. now owns 7,927 shares of the online travel company’s stock valued at $1,092,000 after purchasing an additional 1,996 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Expedia Group by 55.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 275,430 shares of the online travel company’s stock worth $37,942,000 after buying an additional 97,825 shares during the period. Ascent Group LLC grew its holdings in Expedia Group by 7.7% in the 1st quarter. Ascent Group LLC now owns 2,008 shares of the online travel company’s stock worth $277,000 after buying an additional 144 shares in the last quarter. Janus Henderson Group PLC increased its position in Expedia Group by 4.9% in the 1st quarter. Janus Henderson Group PLC now owns 18,556 shares of the online travel company’s stock valued at $2,555,000 after acquiring an additional 859 shares during the period. Finally, Dynasty Wealth Management LLC bought a new stake in Expedia Group during the 1st quarter valued at $362,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 85,250 shares in the company, valued at $15,345,000. This represents a 2.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the transaction, the director now owns 208,505 shares in the company, valued at approximately $31,319,536.05. This represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,951 shares of company stock valued at $6,197,710. Corporate insiders own 6.80% of the company’s stock.

Expedia Group Price Performance

EXPE opened at $184.08 on Tuesday. The firm has a market capitalization of $23.63 billion, a P/E ratio of 23.69, a PEG ratio of 0.73 and a beta of 1.78. The stock has a fifty day moving average of $160.28 and a 200-day moving average of $137.80. 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, Inc. has a 12-month low of $107.25 and a 12-month high of $190.40.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EXPE shares. Barclays lifted their price objective on shares of Expedia Group from $134.00 to $153.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Citigroup boosted their price target on shares of Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Piper Sandler reiterated a “neutral” rating and issued a $140.00 price objective (down from $145.00) on shares of Expedia Group in a report on Friday, August 9th. Jefferies Financial Group boosted their target price on Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, Oppenheimer increased their price target on Expedia Group from $155.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Twenty analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $165.46.

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.