Investment Management Corp of Ontario Has $1.09 Million Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Investment Management Corp of Ontario reduced its position in Expedia Group, Inc. (NASDAQ:EXPE) by 41.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 7,345 shares of the online travel company’s stock after selling 5,167 shares during the period. Investment Management Corp of Ontario’s holdings in Expedia Group were worth $1,087,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXPE. Pacer Advisors Inc. lifted 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 valued at $334,403,000 after buying an additional 714,229 shares during the last quarter. Alkeon Capital Management LLC lifted its holdings in Expedia Group by 46.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock valued at $233,349,000 after purchasing an additional 498,934 shares during the last quarter. Point72 Asset Management L.P. boosted its position in Expedia Group by 1,649.4% during the second quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock worth $51,354,000 after purchasing an additional 384,305 shares during the period. AustralianSuper Pty Ltd increased its holdings in shares of Expedia Group by 88.8% in the second quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock valued at $94,903,000 after purchasing an additional 354,389 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Expedia Group in the second quarter valued at about $39,183,000. Institutional investors own 90.76% of the company’s stock.

Insider Activity

In related news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on Friday, October 4th. The stock was 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 in the company, valued at $29,811,480.90. This represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of Expedia Group stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $180.00, for a total value of $351,180.00. Following the transaction, the insider now directly owns 85,250 shares in the company, valued at $15,345,000. The trade was a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,951 shares of company stock valued at $6,197,710 over the last quarter. 6.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

EXPE has been the subject of several research analyst reports. Oppenheimer lifted their target price on shares of Expedia Group from $155.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $140.00 target price on shares of Expedia Group in a research report on Friday, August 9th. Wells Fargo & Company lifted their price target on Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. BTIG Research boosted their price target on Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Barclays increased their price objective on Expedia Group from $134.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Twenty research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $167.67.

Expedia Group Price Performance

Shares of EXPE opened at $191.01 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. The stock has a market cap of $24.52 billion, a PE ratio of 24.58, a PEG ratio of 0.72 and a beta of 1.84. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $192.28. The business has a 50-day simple moving average of $167.04 and a two-hundred day simple moving average of $141.51.

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.