Invenomic Capital Management LP Sells 65,260 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Invenomic Capital Management LP reduced its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 25.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,251 shares of the online travel company’s stock after selling 65,260 shares during the quarter. Expedia Group accounts for approximately 1.5% of Invenomic Capital Management LP’s holdings, making the stock its 17th biggest position. Invenomic Capital Management LP owned 0.14% of Expedia Group worth $27,865,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in Expedia Group during the second quarter valued at approximately $27,000. Blue Trust Inc. raised its stake 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 valued at $30,000 after acquiring an additional 105 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Expedia Group by 709.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after acquiring an additional 291 shares in the last quarter. Brooklyn Investment Group bought a new stake in Expedia Group during the 3rd quarter worth approximately $51,000. Finally, Strategic Financial Concepts LLC acquired a new stake in Expedia Group during the 2nd quarter valued at $65,000. Institutional investors own 90.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EXPE. DA Davidson upped their price target on shares of Expedia Group from $135.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Barclays lifted their target price on Expedia Group from $134.00 to $153.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Piper Sandler restated a “neutral” rating and set a $140.00 target price (down from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Jefferies Financial Group lifted their target price on shares of Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $130.00 price objective on shares of Expedia Group in a research note on Monday, October 7th. Twenty equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $167.67.

Insiders Place Their Bets

In other news, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction dated 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 transaction, the insider now owns 85,250 shares of the company’s stock, valued at approximately $15,345,000. This represents a 2.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lance A. Soliday sold 7,000 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the sale, the chief accounting officer now directly owns 11,187 shares in the company, valued at approximately $2,035,922.13. The trade was a 38.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,951 shares of company stock worth $6,197,710 in the last 90 days. Company insiders own 6.80% of the company’s stock.

Expedia Group Price Performance

Shares of EXPE opened at $185.50 on Tuesday. The company has a market cap of $23.81 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 0.73 and a beta of 1.84. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03. The company’s fifty day simple moving average is $164.62 and its 200 day simple moving average is $140.34. Expedia Group, Inc. has a 1-year low of $107.25 and a 1-year high of $190.40.

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.