Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Pitcairn Co.

Pitcairn Co. cut its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 20.9% in the third quarter, HoldingsChannel.com reports. The fund owned 10,724 shares of the online travel company’s stock after selling 2,830 shares during the period. Pitcairn Co.’s holdings in Expedia Group were worth $1,587,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. raised its position in shares of Expedia Group by 33.7% in the first quarter. Advisors Asset Management Inc. now owns 7,927 shares of the online travel company’s stock valued at $1,092,000 after buying an additional 1,996 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Expedia Group in the first quarter valued at about $48,000. Price T Rowe Associates Inc. MD raised its position in shares of Expedia Group by 55.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 275,430 shares of the online travel company’s stock valued at $37,942,000 after buying an additional 97,825 shares during the last quarter. Ascent Group LLC raised its position in shares of Expedia Group by 7.7% in the first quarter. Ascent Group LLC now owns 2,008 shares of the online travel company’s stock valued at $277,000 after buying an additional 144 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Expedia Group by 4.9% during the first quarter. Janus Henderson Group PLC now owns 18,556 shares of the online travel company’s stock worth $2,555,000 after purchasing an additional 859 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EXPE. Benchmark raised their price objective on shares of Expedia Group from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. raised their price objective on shares of Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Morgan Stanley raised their price objective on shares of Expedia Group from $150.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday. Jefferies Financial Group raised their price objective on shares of Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, Bank of America raised their price objective 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. Twenty investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $165.46.

Insider Activity

In related news, insider Robert J. Dzielak sold 1,951 shares of Expedia Group stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the transaction, the insider now directly owns 85,250 shares in the company, valued at $15,345,000. This trade represents a 2.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on 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 completion of the transaction, the director now owns 198,505 shares in the company, valued at approximately $29,811,480.90. This trade represents a 4.80 % 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 in the last ninety days. 6.80% of the stock is currently owned by company insiders.

Expedia Group Stock Up 0.8 %

EXPE stock opened at $184.92 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month high of $190.40. The company’s 50 day moving average is $159.31 and its two-hundred day moving average is $137.11. The stock has a market cap of $23.73 billion, a P/E ratio of 23.80, a PEG ratio of 0.72 and a beta of 1.78.

About Expedia Group

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.