Equity Investment Corp Has $85.27 Million Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Equity Investment Corp boosted its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 1.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 576,036 shares of the online travel company’s stock after purchasing an additional 8,066 shares during the period. Expedia Group comprises approximately 2.0% of Equity Investment Corp’s holdings, making the stock its 25th largest position. Equity Investment Corp’s holdings in Expedia Group were worth $85,265,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cozad Asset Management Inc. grew its position in Expedia Group by 16.9% during the third quarter. Cozad Asset Management Inc. now owns 30,823 shares of the online travel company’s stock valued at $4,562,000 after purchasing an additional 4,449 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Expedia Group by 13.1% in 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 in the last quarter. DoubleLine ETF Adviser LP bought a new stake in Expedia Group in the second quarter worth approximately $465,000. Swedbank AB grew its position in Expedia Group by 5.0% in the second quarter. Swedbank AB now owns 169,076 shares of the online travel company’s stock worth $21,302,000 after acquiring an additional 8,026 shares in the last quarter. Finally, Forsta AP Fonden grew its position in 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 acquiring an additional 8,900 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the 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 owns 198,505 shares of the company’s stock, valued at $29,811,480.90. This represents a 4.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 30,000 shares of company stock valued at $4,572,600 in the last 90 days. 6.80% of the stock is currently owned by insiders.

Expedia Group Trading Down 0.5 %

Shares of Expedia Group stock opened at $181.35 on Monday. The stock has a market capitalization of $23.61 billion, a P/E ratio of 23.34, a price-to-earnings-growth ratio of 0.71 and a beta of 1.78. The company has a quick ratio of 0.76, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. The company has a 50-day simple moving average of $154.45 and a 200 day simple moving average of $135.09. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $190.40.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wedbush boosted their target price on shares of Expedia Group from $130.00 to $180.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. StockNews.com downgraded shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 9th. Bank of America boosted their target price on shares of Expedia Group from $144.00 to $166.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. TD Cowen downgraded shares of Expedia Group from a “buy” rating to a “hold” rating and boosted their target price for the stock from $130.00 to $150.00 in a research report on Wednesday, September 25th. Finally, Truist Financial assumed coverage on shares of Expedia Group in a research report on Friday, September 6th. They issued a “hold” rating and a $148.00 target price for the company. Nineteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $162.68.

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.