Bank of Marin Sells 68 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Bank of Marin cut its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 3.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,977 shares of the online travel company’s stock after selling 68 shares during the period. Bank of Marin’s holdings in Expedia Group were worth $293,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Empirical Finance LLC boosted its position in shares of Expedia Group by 1.3% during the third quarter. Empirical Finance LLC now owns 4,754 shares of the online travel company’s stock valued at $704,000 after buying an additional 63 shares during the period. First Business Financial Services Inc. lifted its stake in shares of Expedia Group by 2.0% during the 3rd quarter. First Business Financial Services Inc. now owns 9,940 shares of the online travel company’s stock worth $1,471,000 after acquiring an additional 193 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Expedia Group by 6.8% during the 3rd quarter. CIBC Asset Management Inc now owns 18,355 shares of the online travel company’s stock worth $2,717,000 after acquiring an additional 1,163 shares during the last quarter. OneDigital Investment Advisors LLC boosted its holdings in Expedia Group by 16.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,485 shares of the online travel company’s stock valued at $368,000 after acquiring an additional 356 shares during the period. Finally, Plato Investment Management Ltd bought a new position in Expedia Group in the 3rd quarter valued at $367,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Bank of America boosted their price objective on shares of Expedia Group from $144.00 to $166.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Oppenheimer upped their target price on shares of Expedia Group from $155.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. TD Cowen downgraded shares of Expedia Group from a “buy” rating to a “hold” rating and lifted their price target for the company from $130.00 to $150.00 in a research note on Wednesday, September 25th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $130.00 price objective on shares of Expedia Group in a research note on Monday, October 7th. Nineteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $162.68.

Insider Activity at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the completion of the sale, the director now owns 208,505 shares of the company’s stock, valued at $31,319,536.05. The trade was a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert J. Dzielak sold 5,417 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.60, for a total transaction of $729,128.20. Following the completion of the transaction, the insider now owns 84,543 shares in the company, valued at approximately $11,379,487.80. This trade represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,417 shares of company stock valued at $5,301,728 in the last three months. 6.80% of the stock is owned by insiders.

Expedia Group Stock Down 1.2 %

Expedia Group stock traded down $2.23 during midday trading on Friday, reaching $180.03. The company’s stock had a trading volume of 118,523 shares, compared to its average volume of 2,164,684. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $190.40. The stock has a market capitalization of $23.44 billion, a P/E ratio of 23.11, a PEG ratio of 0.71 and a beta of 1.78. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.76. The stock’s 50-day simple moving average is $153.47 and its 200-day simple moving average is $134.76.

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.