Massachusetts Financial Services Co. MA Lowers Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Massachusetts Financial Services Co. MA cut its stake in shares of Expedia Group, Inc. (NASDAQ:EXPEFree Report) by 44.7% in the 4th quarter, Holdings Channel reports. The fund owned 107,509 shares of the online travel company’s stock after selling 87,036 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Expedia Group were worth $16,319,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. raised its stake in shares of Expedia Group by 1.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 5,090 shares of the online travel company’s stock worth $773,000 after purchasing an additional 75 shares during the last quarter. Nilsine Partners LLC increased its stake in Expedia Group by 1.7% in the 4th quarter. Nilsine Partners LLC now owns 5,725 shares of the online travel company’s stock valued at $869,000 after buying an additional 96 shares during the period. Signaturefd LLC raised its position in Expedia Group by 11.8% during the 3rd quarter. Signaturefd LLC now owns 1,017 shares of the online travel company’s stock worth $105,000 after buying an additional 107 shares during the last quarter. Knights of Columbus Asset Advisors LLC lifted its stake in shares of Expedia Group by 0.4% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 25,321 shares of the online travel company’s stock worth $3,843,000 after acquiring an additional 112 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of Expedia Group by 22.6% in the 4th quarter. Allworth Financial LP now owns 629 shares of the online travel company’s stock worth $95,000 after acquiring an additional 116 shares during the period. 90.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EXPE has been the topic of a number of analyst reports. StockNews.com raised Expedia Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. JPMorgan Chase & Co. cut their price objective on Expedia Group from $136.00 to $128.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Bank of America lowered shares of Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 target price on the stock. in a research report on Friday, February 9th. Wedbush cut their price target on shares of Expedia Group from $130.00 to $125.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Finally, Piper Sandler lowered Expedia Group from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $175.00 to $145.00 in a research note on Friday, May 3rd. Sixteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Expedia Group presently has a consensus rating of “Hold” and an average target price of $149.12.

Check Out Our Latest Analysis on Expedia Group

Expedia Group Stock Performance

Shares of NASDAQ EXPE opened at $114.01 on Friday. The stock has a market capitalization of $15.54 billion, a P/E ratio of 21.35, a P/E/G ratio of 0.43 and a beta of 1.83. The firm’s 50-day moving average price is $129.42 and its two-hundred day moving average price is $136.43. Expedia Group, Inc. has a 52-week low of $92.00 and a 52-week high of $160.05. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 2.93.

Insider Activity at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total value of $702,377.99. Following the sale, the chief accounting officer now owns 10,880 shares in the company, valued at $1,492,844.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Expedia Group news, Director Craig A. Jacobson sold 6,722 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $112.71, for a total transaction of $757,636.62. Following the sale, the director now directly owns 32,620 shares in the company, valued at approximately $3,676,600.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lance A. Soliday sold 5,119 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total transaction of $702,377.99. Following the completion of the transaction, the chief accounting officer now owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by insiders.

Expedia Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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