PNC Financial Services Group Inc. Grows Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

PNC Financial Services Group Inc. increased its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 3.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,855 shares of the online travel company’s stock after purchasing an additional 399 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Expedia Group were worth $2,051,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in shares of Expedia Group in the 2nd quarter worth $27,000. Blue Trust Inc. lifted its holdings in Expedia Group by 93.8% in the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock valued at $30,000 after acquiring an additional 105 shares during the period. LRI Investments LLC purchased a new position in Expedia Group in the first quarter worth about $48,000. Venturi Wealth Management LLC grew 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 valued at $49,000 after purchasing an additional 291 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Expedia Group during the 2nd quarter valued at about $65,000. Institutional investors own 90.76% of the company’s stock.

Insiders Place Their Bets

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $150.18, for a total value of $1,501,800.00. Following the transaction, the director now owns 198,505 shares of the company’s stock, valued at $29,811,480.90. This represents a 4.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of Expedia Group stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $180.00, for a total value 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 trade represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,951 shares of company stock valued at $6,197,710 over the last three months. 6.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Barclays raised their price objective on shares of Expedia Group from $134.00 to $153.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Wedbush boosted their price objective on shares of Expedia Group from $130.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Morgan Stanley raised their target price on Expedia Group from $150.00 to $180.00 and gave the stock an “equal weight” rating in a report on Friday. 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. Finally, Oppenheimer upped their price target on Expedia Group from $155.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Twenty analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Expedia Group has a consensus rating of “Hold” and an average target price of $165.46.

Expedia Group Price Performance

Shares of Expedia Group stock opened at $184.08 on Tuesday. The stock has a 50 day moving average price of $160.28 and a 200-day moving average price of $137.80. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $190.40. The stock has a market cap of $23.63 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 0.73 and a beta of 1.78. 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 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.