Expedia Group, Inc. (NASDAQ:EXPE) Stake Lowered by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC decreased its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 9.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,255 shares of the online travel company’s stock after selling 3,921 shares during the period. Chartwell Investment Partners LLC’s holdings in Expedia Group were worth $5,810,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Ashton Thomas Securities LLC bought a new stake in Expedia Group in the third quarter valued at $118,000. Oxbow Advisors LLC increased its holdings in shares of Expedia Group by 1.9% in the 3rd quarter. Oxbow Advisors LLC now owns 34,567 shares of the online travel company’s stock worth $5,117,000 after acquiring an additional 630 shares during the period. Assetmark Inc. lifted its position in Expedia Group by 51.2% in the 3rd quarter. Assetmark Inc. now owns 18,608 shares of the online travel company’s stock valued at $2,754,000 after purchasing an additional 6,298 shares during the last quarter. Verdence Capital Advisors LLC boosted its stake in Expedia Group by 33.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 4,550 shares of the online travel company’s stock valued at $673,000 after purchasing an additional 1,145 shares during the period. Finally, Fiera Capital Corp grew its position in Expedia Group by 31.1% in the 3rd quarter. Fiera Capital Corp now owns 474,753 shares of the online travel company’s stock worth $70,273,000 after purchasing an additional 112,610 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. BTIG Research boosted their price objective on Expedia Group from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday. UBS Group raised their price target on Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price objective on shares of Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday. Jefferies Financial Group raised their target price on shares of Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com lowered shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Twenty investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $161.62.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 12,602 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total value of $1,657,163.00. Following the transaction, the insider now directly owns 89,960 shares of the company’s stock, valued at approximately $11,829,740. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Robert J. Dzielak sold 5,417 shares of Expedia Group stock in a transaction on Monday, August 19th. The shares were sold at an average price of $134.60, for a total value of $729,128.20. Following the completion of the sale, the insider now owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert J. Dzielak sold 12,602 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the completion of the sale, the insider now owns 89,960 shares of the company’s stock, valued at $11,829,740. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,019 shares of company stock valued at $6,958,891 in the last quarter. Company insiders own 6.80% of the company’s stock.

Expedia Group Stock Performance

EXPE stock opened at $184.32 on Tuesday. The firm has a 50 day simple moving average of $149.81 and a 200 day simple moving average of $133.44. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $190.40. The stock has a market cap of $23.99 billion, a P/E ratio of 23.72, a P/E/G ratio of 0.70 and a beta of 1.78. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.76 and a current ratio of 0.76.

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.