Avanza Fonder AB Takes $1.75 Million Position in Expedia Group, Inc. (NASDAQ:EXPE)

Avanza Fonder AB acquired a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,366 shares of the online travel company’s stock, valued at approximately $1,745,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXPE. Caprock Group LLC boosted its stake in shares of Expedia Group by 33.7% in the 3rd quarter. Caprock Group LLC now owns 10,191 shares of the online travel company’s stock worth $1,508,000 after buying an additional 2,569 shares during the last quarter. Cozad Asset Management Inc. lifted its holdings in Expedia Group by 16.9% in the third quarter. Cozad Asset Management Inc. now owns 30,823 shares of the online travel company’s stock valued at $4,562,000 after acquiring an additional 4,449 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in Expedia Group by 13.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 649,716 shares of the online travel company’s stock worth $96,171,000 after purchasing an additional 75,120 shares during the last quarter. Integrated Investment Consultants LLC bought a new stake in shares of Expedia Group during the 3rd quarter valued at about $527,000. Finally, DoubleLine ETF Adviser LP purchased a new stake in shares of Expedia Group during the 2nd quarter valued at about $465,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on EXPE. Cantor Fitzgerald restated a “neutral” rating and set a $130.00 target price on shares of Expedia Group in a research report on Monday, October 7th. Melius raised shares of Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 price objective for the company in a research report on Monday, January 6th. StockNews.com raised Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 14th. Melius Research raised Expedia Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. raised their price objective on Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Twenty research analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $175.96.

Insider Activity

In other Expedia Group 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 transaction of $1,273,930.00. Following the transaction, the chief accounting officer now owns 11,187 shares in the company, valued at $2,035,922.13. The trade was a 38.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $156.87, for a total transaction of $1,568,700.00. Following the completion of the sale, the director now directly owns 188,505 shares in the company, valued at approximately $29,570,779.35. This represents a 5.04 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,951 shares of company stock worth $5,045,310. 6.80% of the stock is currently owned by corporate insiders.

Expedia Group Price Performance

EXPE stock opened at $187.28 on Friday. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $192.34. The firm has a market capitalization of $24.04 billion, a P/E ratio of 24.10, a price-to-earnings-growth ratio of 0.81 and a beta of 1.83. The company has a fifty day simple moving average of $184.66 and a two-hundred day simple moving average of $155.92. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03.

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.