Ontario Teachers Pension Plan Board Sells 9,773 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Ontario Teachers Pension Plan Board cut its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 55.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,996 shares of the online travel company’s stock after selling 9,773 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Expedia Group were worth $1,184,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in EXPE. First Horizon Advisors Inc. raised its stake in shares of Expedia Group by 10.6% during the third quarter. First Horizon Advisors Inc. now owns 1,344 shares of the online travel company’s stock valued at $199,000 after acquiring an additional 129 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Expedia Group by 3.0% during the third quarter. PNC Financial Services Group Inc. now owns 13,855 shares of the online travel company’s stock valued at $2,051,000 after buying an additional 399 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Expedia Group during the third quarter valued at about $1,814,000. Caprock Group LLC increased its position in shares of Expedia Group by 33.7% during the third quarter. Caprock Group LLC now owns 10,191 shares of the online travel company’s stock valued at $1,508,000 after buying an additional 2,569 shares during the period. Finally, Pathstone Holdings LLC increased its position in shares of Expedia Group by 2.0% during the third quarter. Pathstone Holdings LLC now owns 9,802 shares of the online travel company’s stock valued at $1,451,000 after buying an additional 195 shares during the period. 90.76% of the stock is owned by institutional investors.

Insider Transactions at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 7,000 shares of the 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 completion of the transaction, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at $2,035,922.13. This represents a 38.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $150.21, for a total value of $1,502,100.00. Following the transaction, the director now directly owns 208,505 shares of the company’s stock, valued at $31,319,536.05. The trade was a 4.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,000 shares of company stock worth $5,846,530 over the last quarter. 6.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on EXPE. Wells Fargo & Company upped their price objective on shares of Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft cut shares of Expedia Group from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Jefferies Financial Group upped their price objective on shares of Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Wedbush upped their target price on shares of Expedia Group from $130.00 to $180.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Oppenheimer upped their target price on shares of Expedia Group from $155.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Nineteen analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Expedia Group has an average rating of “Hold” and a consensus price target of $164.88.

Expedia Group Stock Up 1.2 %

Shares of EXPE opened at $179.10 on Thursday. 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 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $22.99 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 0.71 and a beta of 1.78. The stock’s 50-day moving average price is $157.30 and its 200-day moving average price is $136.14.

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.