Expedia Group, Inc. (NASDAQ:EXPE) Shares Acquired by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group increased its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,264 shares of the online travel company’s stock after purchasing an additional 285 shares during the period. Rehmann Capital Advisory Group’s holdings in Expedia Group were worth $788,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Windacre Partnership LLC grew its holdings 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 valued at $639,994,000 after buying an additional 1,431,500 shares during the period. Pacer Advisors Inc. boosted its position in shares of Expedia Group by 36.8% in the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock worth $334,403,000 after acquiring an additional 714,229 shares during the last quarter. Alkeon Capital Management LLC boosted its position in shares of Expedia Group by 46.3% in the third quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock worth $233,349,000 after acquiring an additional 498,934 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in Expedia Group by 1,649.4% in the second quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock valued at $51,354,000 after purchasing an additional 384,305 shares during the period. Finally, AustralianSuper Pty Ltd increased its position in Expedia Group by 88.8% during the second quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock worth $94,903,000 after purchasing an additional 354,389 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Stock Performance

Shares of Expedia Group stock opened at $190.29 on Thursday. 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, Inc. has a 1 year low of $107.25 and a 1 year high of $192.34. The firm’s 50-day simple moving average is $169.54 and its 200-day simple moving average is $143.57. The firm has a market cap of $24.42 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 0.75 and a beta of 1.84.

Insider Activity at Expedia Group

In other news, CAO Lance A. Soliday sold 7,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $181.99, for a total value of $1,273,930.00. Following the transaction, the chief accounting officer now directly owns 11,187 shares in the company, valued at approximately $2,035,922.13. This trade represents a 38.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 1,951 shares of Expedia Group stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $180.00, for a total transaction of $351,180.00. Following the completion of the transaction, the insider now directly owns 85,250 shares of the company’s stock, valued at $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 a total of 38,951 shares of company stock valued at $6,197,710 over the last three months. 6.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EXPE. Baird R W upgraded shares of Expedia Group to a “strong-buy” rating in a report on Wednesday, November 27th. Wedbush lifted their target price on Expedia Group from $130.00 to $180.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Morgan Stanley upped their price target on Expedia Group from $150.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday, November 22nd. Truist Financial assumed coverage on Expedia Group in a research note on Friday, September 6th. They issued a “hold” rating and a $148.00 price objective on the stock. Finally, UBS Group increased their target price on shares of Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Twenty research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $167.67.

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.