Intech Investment Management LLC Sells 31,033 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Intech Investment Management LLC lowered its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 92.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,669 shares of the online travel company’s stock after selling 31,033 shares during the period. Intech Investment Management LLC’s holdings in Expedia Group were worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in EXPE. Altman Advisors Inc. increased its stake in Expedia Group by 1.5% during the 3rd quarter. Altman Advisors Inc. now owns 13,484 shares of the online travel company’s stock worth $1,996,000 after acquiring an additional 194 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of Expedia Group by 10.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,344 shares of the online travel company’s stock valued at $199,000 after acquiring an additional 129 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Expedia Group by 3.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 13,855 shares of the online travel company’s stock valued at $2,051,000 after acquiring an additional 399 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Expedia Group during the 3rd quarter worth about $1,814,000. Finally, Caprock Group LLC lifted its holdings in Expedia Group by 33.7% during the 3rd quarter. Caprock Group LLC now owns 10,191 shares of the online travel company’s stock worth $1,508,000 after buying an additional 2,569 shares during the period. Institutional investors own 90.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. DA Davidson lifted their target price on Expedia Group from $135.00 to $190.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. Piper Sandler reaffirmed a “neutral” rating and issued a $140.00 target price (down from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Jefferies Financial Group boosted their price objective on Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Wells Fargo & Company boosted their price objective on Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Finally, Benchmark boosted their price objective on Expedia Group from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Twenty equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $167.67.

Expedia Group Trading Down 0.7 %

Shares of EXPE stock opened at $183.69 on Wednesday. The company’s fifty day simple moving average is $165.34 and its two-hundred day simple moving average is $140.83. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $190.40. The stock has a market capitalization of $23.58 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 0.73 and a beta of 1.84.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 1,951 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of $150.21, for a total value of $1,502,100.00. Following the completion of the transaction, the director now directly owns 208,505 shares in the company, valued at approximately $31,319,536.05. This represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,951 shares of company stock valued at $6,197,710 in the last 90 days. 6.80% of the stock is currently owned by company insiders.

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.