Centaurus Financial Inc. Takes $383,000 Position in Expedia Group, Inc. (NASDAQ:EXPE)

Centaurus Financial Inc. bought a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 2,585 shares of the online travel company’s stock, valued at approximately $383,000.

Several other institutional investors have also made changes to their positions in the business. Innealta Capital LLC acquired a new stake in Expedia Group during the second quarter valued at approximately $27,000. Blue Trust Inc. lifted its position in shares of Expedia Group by 93.8% during the 2nd 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. LRI Investments LLC bought a new position in shares of Expedia Group during the 1st quarter worth approximately $48,000. Venturi Wealth Management LLC boosted its stake in Expedia Group by 709.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after buying an additional 291 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in Expedia Group in the second quarter valued at $65,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Expedia Group

In other news, CAO Lance A. Soliday sold 7,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at $2,035,922.13. The trade was a 38.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the completion of the sale, the director now owns 198,505 shares of the company’s stock, valued at approximately $29,811,480.90. This represents a 4.80 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,951 shares of company stock worth $6,197,710. 6.80% of the stock is currently owned by company insiders.

Expedia Group Trading Up 1.2 %

NASDAQ EXPE opened at $186.28 on Wednesday. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $190.40. The stock has a 50-day simple moving average of $161.24 and a 200 day simple moving average of $138.31. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $23.91 billion, a PE ratio of 23.97, a P/E/G ratio of 0.73 and a beta of 1.78.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on EXPE shares. TD Cowen cut Expedia Group from a “buy” rating to a “hold” rating and lifted their price objective for the company from $130.00 to $150.00 in a report on Wednesday, September 25th. Benchmark lifted their price target on shares of Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 8th. Susquehanna raised their price objective on shares of Expedia Group from $145.00 to $190.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Royal Bank of Canada reissued a “sector perform” rating and issued a $140.00 target price on shares of Expedia Group in a report on Friday, August 9th. Finally, BTIG Research raised their price target on Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 8th. Twenty 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 stock currently has an average rating of “Hold” and a consensus price target of $165.46.

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.