Expedia Group, Inc. (NASDAQ:EXPE) Stock Holdings Lessened by ING Groep NV

ING Groep NV cut its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,672 shares of the online travel company’s stock after selling 410 shares during the quarter. ING Groep NV’s holdings in Expedia Group were worth $2,468,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Innealta Capital LLC acquired a new position in shares of Expedia Group in the 2nd quarter valued at $27,000. Blue Trust Inc. boosted its holdings in shares of Expedia Group by 93.8% in the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after buying an additional 105 shares during the period. Crewe Advisors LLC purchased a new position in shares of Expedia Group in the first quarter worth approximately $40,000. LRI Investments LLC purchased a new position in shares of Expedia Group in the first quarter worth approximately $48,000. Finally, Cedar Wealth Management LLC acquired a new stake in shares of Expedia Group during the first quarter valued at approximately $49,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Robert J. Dzielak sold 5,417 shares of the company’s 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 directly owns 84,543 shares in the company, valued at $11,379,487.80. The trade was a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $150.18, for a total value of $1,501,800.00. Following the completion of the sale, the director now directly owns 198,505 shares of the company’s stock, valued at $29,811,480.90. This represents a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,417 shares of company stock valued at $5,301,728. Insiders own 6.80% of the company’s stock.

Expedia Group Stock Down 0.5 %

Expedia Group stock opened at $181.35 on Friday. The firm has a market cap of $23.61 billion, a price-to-earnings ratio of 23.34, a P/E/G ratio of 0.71 and a beta of 1.78. The firm has a fifty day moving average price of $154.45 and a two-hundred day moving average price of $135.07. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $190.40. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.76.

Analyst Ratings Changes

Several research firms have weighed in on EXPE. Deutsche Bank Aktiengesellschaft cut shares of Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Wedbush upped their price target on Expedia Group from $130.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. StockNews.com lowered Expedia Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 9th. Citigroup upped their target price on Expedia Group from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Nineteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $162.68.

About Expedia Group

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.