3,776 Shares in Expedia Group, Inc. (NASDAQ:EXPE) Bought by Zacks Investment Management

Zacks Investment Management acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,776 shares of the online travel company’s stock, valued at approximately $559,000.

A number of other institutional investors and hedge funds have also made changes to their positions in EXPE. Windacre Partnership LLC boosted its holdings in Expedia Group by 49.5% during the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock worth $639,994,000 after buying an additional 1,431,500 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Expedia Group by 36.8% during the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock worth $334,403,000 after purchasing an additional 714,229 shares during the last quarter. Alkeon Capital Management LLC boosted its holdings in shares of Expedia Group by 46.3% during the third quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock worth $233,349,000 after purchasing an additional 498,934 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of 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 worth $51,354,000 after purchasing an additional 384,305 shares during the last quarter. Finally, AustralianSuper Pty Ltd boosted its holdings in shares of 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 purchasing an additional 354,389 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Expedia Group

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the sale, the director now directly owns 198,505 shares of the company’s stock, valued at $29,811,480.90. The trade was a 4.80 % decrease in their position. The sale 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 stock was sold at an average price of $180.00, for a total transaction of $351,180.00. Following the transaction, the insider now owns 85,250 shares in the company, valued at $15,345,000. This represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,951 shares of company stock valued at $6,197,710. 6.80% of the stock is owned by corporate insiders.

Expedia Group Trading Down 0.6 %

Shares of NASDAQ EXPE opened at $188.41 on Wednesday. The stock has a market cap of $24.18 billion, a price-to-earnings ratio of 24.25, a P/E/G ratio of 0.75 and a beta of 1.84. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month high of $192.34. The company’s fifty day moving average is $168.71 and its 200-day moving average is $143.02. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EXPE. DA Davidson lifted their target price on Expedia Group from $135.00 to $190.00 and gave the company a “neutral” rating in a report on Monday, November 18th. UBS Group raised their price objective on Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. BTIG Research raised their price objective on Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft lowered Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. lifted their target price on Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Twenty research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $167.67.

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.