KBC Group NV Trims Stake in Expedia Group, Inc. (NASDAQ:EXPE)

KBC Group NV trimmed its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 86.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,750 shares of the online travel company’s stock after selling 454,037 shares during the quarter. KBC Group NV owned 0.05% of Expedia Group worth $10,177,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wedbush increased their target price on Expedia Group from $130.00 to $180.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Barclays increased their price target on shares of Expedia Group from $134.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. BTIG Research lifted their price objective on shares of Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 8th. Benchmark increased their target price on shares of Expedia Group from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, StockNews.com downgraded shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 9th. Nineteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $162.68.

Insiders Place Their Bets

In other news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $156.87, for a total value of $1,568,700.00. Following the sale, the director now directly owns 188,505 shares in the company, valued at $29,570,779.35. This represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert J. Dzielak sold 5,417 shares of Expedia Group stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the sale, the insider now owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. This represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,417 shares of company stock worth $5,301,728. Insiders own 6.80% of the company’s stock.

Expedia Group Trading Down 0.5 %

NASDAQ:EXPE opened at $181.35 on Friday. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $190.40. The company has a quick ratio of 0.76, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. The stock has a fifty day simple moving average of $154.45 and a 200-day simple moving average of $135.07. The company has a market capitalization of $23.61 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 0.71 and a beta of 1.78.

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.