Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Vinva Investment Management Ltd

Vinva Investment Management Ltd lessened its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 75.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,816 shares of the online travel company’s stock after selling 39,538 shares during the period. Vinva Investment Management Ltd’s holdings in Expedia Group were worth $1,911,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EXPE. Janus Henderson Group PLC grew its holdings in Expedia Group by 4.9% during the 1st quarter. Janus Henderson Group PLC now owns 18,556 shares of the online travel company’s stock valued at $2,555,000 after buying an additional 859 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of Expedia Group by 17.9% during the first quarter. B. Riley Wealth Advisors Inc. now owns 3,421 shares of the online travel company’s stock valued at $471,000 after acquiring an additional 520 shares during the last quarter. Comerica Bank increased its position in Expedia Group by 34.1% during the 1st quarter. Comerica Bank now owns 54,343 shares of the online travel company’s stock worth $7,486,000 after purchasing an additional 13,813 shares in the last quarter. LRI Investments LLC acquired a new position in Expedia Group in the 1st quarter valued at about $48,000. Finally, Cetera Investment Advisers lifted its holdings in Expedia Group by 216.2% in the 1st quarter. Cetera Investment Advisers now owns 24,905 shares of the online travel company’s stock valued at $3,431,000 after purchasing an additional 17,029 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Lance A. Soliday sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the transaction, the chief accounting officer now owns 11,187 shares in the company, valued at $2,035,922.13. This trade represents a 38.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Friday, September 27th. The shares were sold at an average price of $150.21, for a total value of $1,502,100.00. Following the transaction, the director now owns 208,505 shares in the company, valued at approximately $31,319,536.05. This trade represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,951 shares of company stock valued at $6,197,710 over the last three months. Company insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of Expedia Group from $150.00 to $180.00 and gave the stock an “equal weight” rating in a report on Friday, November 22nd. Barclays lifted their target price on shares of Expedia Group from $134.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Piper Sandler reissued a “neutral” rating and set a $140.00 price target (down previously from $145.00) on shares of Expedia Group in a research note on Friday, August 9th. Robert W. Baird started coverage on Expedia Group in a research report on Wednesday. They issued an “outperform” rating and a $225.00 price objective for the company. Finally, Citigroup increased their target price on Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Twenty investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $167.67.

Expedia Group Stock Performance

Shares of EXPE stock opened at $184.62 on Friday. The company has a market cap of $23.70 billion, a P/E ratio of 23.76, a PEG ratio of 0.73 and a beta of 1.78. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $190.40. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. The business has a 50 day moving average of $163.80 and a two-hundred day moving average of $139.46.

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.