Orion Portfolio Solutions LLC Grows Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Orion Portfolio Solutions LLC grew its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 22.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,827 shares of the online travel company’s stock after purchasing an additional 2,199 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Expedia Group were worth $1,751,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in EXPE. Windacre Partnership LLC grew its stake in Expedia Group by 49.5% in the 3rd quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock worth $639,994,000 after acquiring an additional 1,431,500 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Expedia Group by 22.5% in 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 purchasing an additional 596,510 shares during the period. Fisher Asset Management LLC increased its holdings 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 purchasing an additional 144,579 shares during the period. Alkeon Capital Management LLC raised its position 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Expedia Group by 14.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,054,485 shares of the online travel company’s stock worth $132,851,000 after buying an additional 135,973 shares during the period. 90.76% of the stock is currently owned by institutional investors.

Insider Transactions at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred 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 directly owns 198,505 shares of the company’s stock, valued at $29,811,480.90. The trade was a 4.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lance A. Soliday sold 7,000 shares of Expedia Group stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $2,035,922.13. The trade was a 38.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,951 shares of company stock worth $6,197,710 over the last 90 days. 6.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

EXPE has been the subject of a number of research reports. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $130.00 price objective on shares of Expedia Group in a research note on Monday, October 7th. Barclays upped their price target on shares of Expedia Group from $134.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft lowered shares of Expedia Group from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Bank of America upped their target price on Expedia Group from $144.00 to $166.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, Oppenheimer lifted their price target on Expedia Group from $155.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Twenty equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $167.67.

Expedia Group Trading Down 3.0 %

Expedia Group stock opened at $184.56 on Friday. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $192.34. The stock has a 50-day moving average price of $170.39 and a 200 day moving average price of $143.89. 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 market capitalization of $23.69 billion, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 0.75 and a beta of 1.84.

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.