Clark Estates Inc. NY Sells 2,100 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Clark Estates Inc. NY lowered its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 7.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,650 shares of the online travel company’s stock after selling 2,100 shares during the quarter. Expedia Group makes up about 0.7% of Clark Estates Inc. NY’s investment portfolio, making the stock its 29th largest position. Clark Estates Inc. NY’s holdings in Expedia Group were worth $3,797,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Caprock Group LLC raised its holdings in Expedia Group by 33.7% during the 3rd quarter. Caprock Group LLC now owns 10,191 shares of the online travel company’s stock worth $1,508,000 after purchasing an additional 2,569 shares during the last quarter. Cozad Asset Management Inc. raised its stake in shares of Expedia Group by 16.9% during the third quarter. Cozad Asset Management Inc. now owns 30,823 shares of the online travel company’s stock worth $4,562,000 after buying an additional 4,449 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings 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 valued at $96,171,000 after buying an additional 75,120 shares during the period. DoubleLine ETF Adviser LP bought a new position in Expedia Group in the second quarter valued at approximately $465,000. Finally, Swedbank AB grew its holdings in Expedia Group by 5.0% during the 2nd quarter. Swedbank AB now owns 169,076 shares of the online travel company’s stock worth $21,302,000 after acquiring an additional 8,026 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Stock Performance

EXPE opened at $186.28 on Wednesday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73. The business’s 50-day simple moving average is $161.24 and its 200 day simple moving average is $138.31. The firm has a market capitalization of $23.91 billion, a PE ratio of 23.97, a PEG ratio of 0.72 and a beta of 1.78. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $190.40.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on EXPE shares. Truist Financial started coverage on Expedia Group in a research note on Friday, September 6th. They issued a “hold” rating and a $148.00 price target on the stock. JPMorgan Chase & Co. raised their target price on Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft cut Expedia Group from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Morgan Stanley lifted their price objective on shares of Expedia Group from $150.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday, November 22nd. Finally, Piper Sandler restated a “neutral” rating and set a $140.00 price objective (down previously from $145.00) on shares of Expedia Group in a report on Friday, August 9th. Twenty analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $167.67.

Insider Activity

In other Expedia Group news, CAO Lance A. Soliday sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was 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 of the company’s stock, valued at $2,035,922.13. The trade was a 38.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The shares were 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 owns 198,505 shares in the company, valued at $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 90 days, insiders sold 38,951 shares of company stock valued at $6,197,710. 6.80% of the stock is owned by insiders.

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.