Expedia Group, Inc. (NASDAQ:EXPE) Stake Reduced by Franklin Resources Inc.

Franklin Resources Inc. cut its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 223,094 shares of the online travel company’s stock after selling 4,183 shares during the period. Franklin Resources Inc.’s holdings in Expedia Group were worth $33,556,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of EXPE. Innealta Capital LLC bought a new stake in Expedia Group in the 2nd quarter valued at about $27,000. Blue Trust Inc. increased its stake in shares of 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. Venturi Wealth Management LLC raised its holdings in shares of Expedia Group by 709.8% during the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after buying an additional 291 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Expedia Group during the third quarter worth approximately $51,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in Expedia Group in the 3rd quarter valued at approximately $74,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insider Activity at Expedia Group

In related news, CAO Lance A. Soliday sold 7,000 shares of the business’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 transaction 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. The trade was a 38.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $180.00, for a total transaction of $351,180.00. Following the completion of the sale, the insider now owns 85,250 shares of the company’s stock, valued at approximately $15,345,000. The trade was a 2.24 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,951 shares of company stock valued at $6,197,710. Company insiders own 6.80% of the company’s stock.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $176.23 on Thursday. The company’s fifty day moving average is $173.47 and its two-hundred day moving average is $146.37. The company has a market cap of $22.62 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 1.07 and a beta of 1.84. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $192.34. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. TD Cowen cut Expedia Group from a “buy” rating to a “hold” rating and increased their price target for the stock from $130.00 to $150.00 in a research note on Wednesday, September 25th. BTIG Research increased their target price on shares of Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Morgan Stanley boosted their price target on shares of Expedia Group from $150.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. Wells Fargo & Company increased their price objective on shares of Expedia Group from $130.00 to $159.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Finally, Truist Financial started coverage on Expedia Group in a report on Friday, September 6th. They set a “hold” rating and a $148.00 target price on the stock. Twenty equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $169.70.

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.