Hilltop Holdings Inc. Acquires New Position in Expedia Group, Inc. (NASDAQ:EXPE)

Hilltop Holdings Inc. bought a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,515 shares of the online travel company’s stock, valued at approximately $372,000.

A number of other hedge funds have also bought and sold shares of EXPE. Pacer Advisors Inc. grew its holdings in shares of Expedia Group by 22.5% during the third quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock valued at $481,170,000 after buying an additional 596,510 shares during the last quarter. Fisher Asset Management LLC lifted its position in Expedia Group by 9.4% during the 3rd quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock worth $250,078,000 after acquiring an additional 144,579 shares during the period. Alkeon Capital Management LLC grew its stake in Expedia Group by 46.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock valued at $233,349,000 after purchasing an additional 498,934 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Expedia Group by 14.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,054,485 shares of the online travel company’s stock valued at $132,851,000 after purchasing an additional 135,973 shares during the period. Finally, AustralianSuper Pty Ltd raised its stake in shares of Expedia Group by 8.5% in the third quarter. AustralianSuper Pty Ltd now owns 817,592 shares of the online travel company’s stock worth $121,020,000 after purchasing an additional 64,332 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insider Activity

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 value 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 $2,035,922.13. This represents a 38.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert J. Dzielak sold 1,951 shares of the business’s 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 transaction, the insider now owns 85,250 shares in the company, valued at $15,345,000. The trade was a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,951 shares of company stock worth $6,197,710 over the last quarter. 6.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

EXPE has been the topic of a number of recent research reports. Citigroup upped their target price on Expedia Group from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Barclays increased their price objective 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. TD Cowen downgraded shares of Expedia Group from a “buy” rating to a “hold” rating and boosted their target price for the company from $130.00 to $150.00 in a research report on Wednesday, September 25th. Piper Sandler reaffirmed a “neutral” rating and set a $140.00 price target (down from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $140.00 price objective on shares of Expedia Group in a research note on Friday, August 9th. Twenty analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Expedia Group presently has an average rating of “Hold” and an average target price of $167.67.

Expedia Group Trading Down 0.2 %

EXPE stock opened at $190.72 on Friday. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $192.28. The business’s 50-day moving average is $167.04 and its 200 day moving average is $141.51. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03. The stock has a market cap of $24.48 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 0.72 and a beta of 1.84.

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.