D.A. Davidson & CO. Trims Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

D.A. Davidson & CO. decreased its position in Expedia Group, Inc. (NASDAQ:EXPE) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,446 shares of the online travel company’s stock after selling 100 shares during the period. D.A. Davidson & CO.’s holdings in Expedia Group were worth $1,694,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EXPE. Pacer Advisors Inc. raised its holdings in Expedia Group by 36.8% in the 2nd quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock valued at $334,403,000 after buying an additional 714,229 shares during the period. Point72 Asset Management L.P. raised its stake in shares of Expedia Group by 1,649.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock valued at $51,354,000 after acquiring an additional 384,305 shares during the period. AustralianSuper Pty Ltd lifted its holdings in shares of Expedia Group by 88.8% in the 2nd quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock worth $94,903,000 after acquiring an additional 354,389 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Expedia Group during the 2nd quarter worth approximately $39,183,000. Finally, Engine Capital Management LP acquired a new stake in Expedia Group in the 2nd quarter valued at approximately $20,751,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Benchmark raised their price target on Expedia Group from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft cut Expedia Group from a “buy” rating to a “hold” rating in a report on Friday, November 8th. UBS Group boosted their price target on shares of Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $140.00 price objective on shares of Expedia Group in a research note on Friday, August 9th. Finally, Baird R W raised shares of Expedia Group to a “strong-buy” rating in a research note on Wednesday. Twenty analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $167.67.

Expedia Group Stock Down 0.2 %

Expedia Group stock opened at $184.62 on Friday. The company has a market capitalization of $23.70 billion, a P/E ratio of 23.76, a PEG ratio of 0.73 and a beta of 1.78. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $190.40. The stock has a 50-day simple moving average of $163.80 and a 200-day simple moving average of $139.64.

Insiders Place Their Bets

In related news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 198,505 shares of the company’s stock, valued at $29,811,480.90. This trade represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert J. Dzielak sold 1,951 shares of the business’s 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 in the company, valued at $15,345,000. This trade represents a 2.24 % 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 valued at $6,197,710 over the last quarter. Company insiders own 6.80% of the company’s stock.

Expedia Group Company 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.