Everence Capital Management Inc. Acquires Shares of 2,820 Expedia Group, Inc. (NASDAQ:EXPE)

Everence Capital Management Inc. bought a new position in Expedia Group, Inc. (NASDAQ:EXPE) during the 4th quarter, Holdings Channel reports. The fund bought 2,820 shares of the online travel company’s stock, valued at approximately $525,000.

A number of other hedge funds also recently made changes to their positions in the company. Windacre Partnership LLC boosted its position in shares of Expedia Group by 49.5% during the 3rd quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock valued at $639,994,000 after acquiring an additional 1,431,500 shares during the last quarter. Pacer Advisors Inc. raised its stake in Expedia Group by 36.8% during the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock valued at $334,403,000 after purchasing an additional 714,229 shares in the last quarter. Alkeon Capital Management LLC lifted its position in Expedia Group by 46.3% during the third 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. Point72 Asset Management L.P. grew its stake in shares of Expedia Group by 1,649.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock worth $51,354,000 after buying an additional 384,305 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Expedia Group in the 2nd quarter worth about $39,183,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Bank of America upgraded Expedia Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $187.00 to $221.00 in a research report on Wednesday, December 18th. JPMorgan Chase & Co. increased their price target on Expedia Group from $135.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Susquehanna lifted their price objective on shares of Expedia Group from $145.00 to $190.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. StockNews.com raised shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 14th. Finally, DA Davidson lifted their price target on shares of Expedia Group from $135.00 to $190.00 and gave the stock a “neutral” rating in a research note on Monday, November 18th. Twenty investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $169.77.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 7,000 shares of Expedia Group stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 11,187 shares in the company, valued at approximately $2,035,922.13. The trade was a 38.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $180.00, for a total transaction of $351,180.00. Following the completion of the sale, the insider now owns 85,250 shares in the company, valued at $15,345,000. The trade was a 2.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,951 shares of company stock worth $5,045,310. 6.80% of the stock is currently owned by insiders.

Expedia Group Price Performance

Shares of EXPE opened at $186.09 on Monday. The firm has a market capitalization of $23.88 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 1.07 and a beta of 1.83. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. The company’s fifty day moving average price is $180.79 and its 200-day moving average price is $152.05. Expedia Group, Inc. has a 1-year low of $107.25 and a 1-year high of $192.34.

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.