Expedia Group, Inc. (NASDAQ:EXPE) Stock Holdings Reduced by PointState Capital LP

PointState Capital LP lowered its position in Expedia Group, Inc. (NASDAQ:EXPE) by 18.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,033,960 shares of the online travel company’s stock after selling 232,610 shares during the quarter. Expedia Group makes up approximately 2.8% of PointState Capital LP’s holdings, making the stock its 9th biggest position. PointState Capital LP’s holdings in Expedia Group were worth $153,047,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Innealta Capital LLC bought a new stake in shares of Expedia Group during the 2nd quarter worth about $27,000. Blue Trust Inc. boosted its stake in shares of Expedia Group by 93.8% during the 2nd 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. Venturi Wealth Management LLC boosted its stake in shares of Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after acquiring an additional 291 shares in the last quarter. Brooklyn Investment Group bought a new stake in Expedia Group during the 3rd quarter valued at approximately $51,000. Finally, Strategic Financial Concepts LLC bought a new stake in Expedia Group during the 2nd quarter valued at approximately $65,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Insider Transactions at Expedia Group

In other news, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction dated 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 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 represents a 38.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $180.00, for a total transaction of $351,180.00. Following the sale, the insider now owns 85,250 shares of the company’s stock, valued at approximately $15,345,000. This represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,951 shares of company stock valued at $6,197,710. 6.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on EXPE shares. Benchmark upped their price target on Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 8th. Wells Fargo & Company upped their price target on Expedia Group from $130.00 to $159.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Barclays increased their target price on Expedia Group from $134.00 to $153.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Oppenheimer increased their target price on Expedia Group from $155.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $130.00 target price on shares of Expedia Group in a report on Monday, October 7th. Twenty equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $167.67.

Expedia Group Trading Down 0.7 %

Expedia Group stock opened at $183.69 on Wednesday. The stock has a market cap of $23.58 billion, a P/E ratio of 23.64, a PEG ratio of 0.73 and a beta of 1.84. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $190.40. The firm’s fifty day moving average price is $165.34 and its 200-day moving average price is $140.83. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73.

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.