Citigroup Inc. Sells 8,958 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Citigroup Inc. decreased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 263,385 shares of the online travel company’s stock after selling 8,958 shares during the period. Citigroup Inc. owned approximately 0.20% of Expedia Group worth $38,986,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Empirical Finance LLC grew its holdings in shares of Expedia Group by 1.3% during the third quarter. Empirical Finance LLC now owns 4,754 shares of the online travel company’s stock worth $704,000 after purchasing an additional 63 shares in the last quarter. Venture Visionary Partners LLC grew its stake in Expedia Group by 0.6% in the 3rd quarter. Venture Visionary Partners LLC now owns 11,367 shares of the online travel company’s stock worth $1,683,000 after buying an additional 64 shares in the last quarter. GHE LLC increased its holdings in shares of Expedia Group by 1.0% in the 3rd quarter. GHE LLC now owns 6,689 shares of the online travel company’s stock worth $980,000 after buying an additional 69 shares during the last quarter. AdvisorShares Investments LLC raised its position in shares of Expedia Group by 7.1% during the 2nd quarter. AdvisorShares Investments LLC now owns 1,517 shares of the online travel company’s stock valued at $186,000 after buying an additional 100 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its holdings in shares of Expedia Group by 5.2% during the 3rd quarter. Bleakley Financial Group LLC now owns 2,076 shares of the online travel company’s stock worth $307,000 after acquiring an additional 102 shares during the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EXPE has been the topic of a number of research reports. Barclays raised their price target on Expedia Group from $134.00 to $153.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. BTIG Research boosted their target price on Expedia Group from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. StockNews.com cut shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 9th. Bank of America boosted their price objective on shares of Expedia Group from $144.00 to $166.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, Wedbush lifted their target price on shares of Expedia Group from $130.00 to $180.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Twenty research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Expedia Group currently has an average rating of “Hold” and a consensus target price of $165.46.

Expedia Group Price Performance

EXPE opened at $184.92 on Monday. 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 cap of $23.73 billion, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 0.72 and a beta of 1.78. The stock has a fifty day simple moving average of $159.31 and a two-hundred day simple moving average of $137.29. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $190.40.

Insider Buying and Selling

In other news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the completion of the transaction, the director now directly owns 208,505 shares in the company, valued at approximately $31,319,536.05. This trade represents a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lance A. Soliday sold 7,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at approximately $2,035,922.13. This trade represents a 38.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,951 shares of company stock worth $6,197,710 in the last three months. 6.80% of the stock is owned by corporate insiders.

Expedia Group Company 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.