AMG National Trust Bank Trims Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

AMG National Trust Bank cut its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 26.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,621 shares of the online travel company’s stock after selling 2,346 shares during the quarter. AMG National Trust Bank’s holdings in Expedia Group were worth $980,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Innealta Capital LLC bought a new stake in shares of Expedia Group during the 2nd quarter valued at $27,000. Blue Trust Inc. boosted its stake in Expedia Group by 93.8% during the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after acquiring an additional 105 shares in the last quarter. Crewe Advisors LLC purchased a new stake in Expedia Group in the first quarter worth about $40,000. Venturi Wealth Management LLC grew its holdings in Expedia Group by 709.8% in the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after purchasing an additional 291 shares during the period. Finally, LRI Investments LLC bought a new position in shares of Expedia Group during the first quarter valued at approximately $48,000. Institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Performance

NASDAQ:EXPE opened at $177.06 on Wednesday. The firm has a market capitalization of $22.73 billion, a PE ratio of 22.79, a PEG ratio of 0.71 and a beta of 1.78. The stock’s fifty day moving average is $156.32 and its 200 day moving average is $135.83. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $190.40. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73.

Analysts Set New Price Targets

A number of brokerages have recently commented on EXPE. Susquehanna upped their price target on Expedia Group from $145.00 to $190.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Wedbush increased their target price on Expedia Group from $130.00 to $180.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. TD Cowen lowered Expedia Group from a “buy” rating to a “hold” rating and lifted their price target for the stock from $130.00 to $150.00 in a research report on Wednesday, September 25th. Truist Financial assumed coverage on shares of Expedia Group in a research report on Friday, September 6th. They set a “hold” rating and a $148.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their target price on shares of Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Nineteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $164.88.

Insider Activity

In other news, CAO Lance A. Soliday sold 7,000 shares of Expedia Group stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 11,187 shares in the company, valued at approximately $2,035,922.13. This trade represents a 38.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the sale, the director now directly owns 208,505 shares of the company’s stock, valued at $31,319,536.05. This represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,000 shares of company stock valued at $5,846,530. 6.80% of the stock is currently owned by company insiders.

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.