Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its position in Expedia Group, Inc. (NASDAQ:EXPE) by 74.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 33,053 shares of the online travel company’s stock after selling 97,693 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Expedia Group were worth $6,159,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC grew its holdings in Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after buying an additional 291 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Expedia Group during the third quarter valued at $51,000. Future Financial Wealth Managment LLC purchased a new stake in Expedia Group during the 3rd quarter worth about $74,000. Versant Capital Management Inc raised its stake in Expedia Group by 299.3% in the 4th quarter. Versant Capital Management Inc now owns 559 shares of the online travel company’s stock valued at $104,000 after purchasing an additional 419 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in Expedia Group in the 3rd quarter valued at about $118,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $187.28 on Monday. The company has a market cap of $24.04 billion, a PE ratio of 24.10, a P/E/G ratio of 0.81 and a beta of 1.83. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $192.34. The firm has a 50-day simple moving average of $184.66 and a 200 day simple moving average of $156.14. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on EXPE shares. Susquehanna boosted their price target on Expedia Group from $145.00 to $190.00 and gave the company a “neutral” rating in a report on Monday, November 11th. JMP Securities reissued a “market perform” rating on shares of Expedia Group in a research note on Monday, December 16th. UBS Group lifted their price objective on Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company dropped their target price on shares of Expedia Group from $172.00 to $168.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Barclays lifted their price target on shares of Expedia Group from $153.00 to $166.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Twenty analysts have rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $175.96.

Insider Activity

In related news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the completion of the transaction, the director now owns 168,505 shares in the company, valued at $31,198,700.75. The trade was a 5.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction on Thursday, November 14th. The stock was 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,951 shares of company stock valued at $5,045,310. 6.80% of the stock is currently owned by insiders.

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.