Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Brown Capital Management LLC

Brown Capital Management LLC cut its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 6.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,534 shares of the online travel company’s stock after selling 166 shares during the period. Brown Capital Management LLC’s holdings in Expedia Group were worth $375,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cozad Asset Management Inc. lifted its stake 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 during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of 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 buying an additional 75,120 shares during the period. DoubleLine ETF Adviser LP purchased a new position in shares of Expedia Group during the second quarter valued at $465,000. Swedbank AB raised its position in Expedia Group by 5.0% during the second quarter. Swedbank AB now owns 169,076 shares of the online travel company’s stock valued at $21,302,000 after buying an additional 8,026 shares during the period. Finally, Forsta AP Fonden boosted its position in Expedia Group by 26.6% during the 3rd 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 during the period. Institutional investors own 90.76% of the company’s stock.

Expedia Group Trading Up 1.2 %

Shares of Expedia Group stock opened at $179.10 on Thursday. The stock has a market capitalization of $22.99 billion, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 0.69 and a beta of 1.78. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month 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 company has a 50-day simple moving average of $157.30 and a 200 day simple moving average of $136.14.

Insider Activity at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 7,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $181.99, for a total value of $1,273,930.00. Following the completion of the sale, the chief accounting officer now owns 11,187 shares in the company, valued at approximately $2,035,922.13. This trade represents a 38.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the transaction, the director now owns 198,505 shares in the company, valued at $29,811,480.90. The trade was a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,000 shares of company stock valued at $5,846,530 in the last three months. Corporate insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EXPE. Wedbush boosted their price objective on shares of Expedia Group from $130.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Jefferies Financial Group increased their price objective on Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Barclays upped their target price on Expedia Group from $134.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Wells Fargo & Company boosted their price target on Expedia Group from $130.00 to $159.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Finally, StockNews.com lowered shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 9th. Nineteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Expedia Group presently has an average rating of “Hold” and an average price target of $164.88.

Expedia Group 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.