Insider Selling: Expedia Group, Inc. (NASDAQ:EXPE) CAO Sells 7,000 Shares of Stock

Expedia Group, Inc. (NASDAQ:EXPE) CAO Lance A. Soliday sold 7,000 shares of the firm’s stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Expedia Group Trading Down 0.5 %

Shares of EXPE traded down $0.95 during mid-day trading on Monday, reaching $180.40. 1,282,777 shares of the company’s stock traded hands, compared to its average volume of 2,170,050. 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 50-day moving average is $154.45 and its two-hundred day moving average is $135.09. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $190.40. The stock has a market cap of $23.48 billion, a P/E ratio of 23.14, a P/E/G ratio of 0.71 and a beta of 1.78.

Institutional Investors Weigh In On Expedia Group

Several large investors have recently added to or reduced their stakes in EXPE. Cozad Asset Management Inc. grew its holdings in Expedia Group by 16.9% during the 3rd quarter. Cozad Asset Management Inc. now owns 30,823 shares of the online travel company’s stock worth $4,562,000 after acquiring an additional 4,449 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Expedia Group by 13.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 649,716 shares of the online travel company’s stock worth $96,171,000 after acquiring an additional 75,120 shares during the last quarter. DoubleLine ETF Adviser LP purchased a new stake in Expedia Group during the 2nd quarter worth approximately $465,000. Swedbank AB increased its stake in Expedia Group by 5.0% during the 2nd quarter. Swedbank AB now owns 169,076 shares of the online travel company’s stock valued at $21,302,000 after purchasing an additional 8,026 shares in the last quarter. Finally, Forsta AP Fonden raised its holdings in shares of Expedia Group by 26.6% in the third quarter. Forsta AP Fonden now owns 42,300 shares of the online travel company’s stock worth $6,261,000 after buying an additional 8,900 shares during the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on EXPE shares. DA Davidson raised their price objective on shares of Expedia Group from $135.00 to $190.00 and gave the company a “neutral” rating in a research report on Monday. Royal Bank of Canada restated a “sector perform” rating and issued a $140.00 price objective on shares of Expedia Group in a research report on Friday, August 9th. BTIG Research boosted their price target on Expedia Group from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft cut shares of Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $140.00 target price (down from $145.00) on shares of Expedia Group in a research note on Friday, August 9th. Nineteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $164.88.

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.