Robeco Institutional Asset Management B.V. Sells 300,860 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Robeco Institutional Asset Management B.V. decreased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 58.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 214,431 shares of the online travel company’s stock after selling 300,860 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Expedia Group were worth $32,548,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EXPE. Amalgamated Bank raised its holdings in Expedia Group by 22.3% during the 4th quarter. Amalgamated Bank now owns 47,184 shares of the online travel company’s stock worth $7,162,000 after buying an additional 8,595 shares during the period. International Assets Investment Management LLC lifted its position in Expedia Group by 115.8% in the 4th quarter. International Assets Investment Management LLC now owns 39,314 shares of the online travel company’s stock valued at $5,967,000 after acquiring an additional 21,095 shares in the last quarter. Raymond James & Associates boosted its stake in Expedia Group by 6.4% in the 4th quarter. Raymond James & Associates now owns 263,351 shares of the online travel company’s stock worth $39,974,000 after purchasing an additional 15,759 shares during the period. AustralianSuper Pty Ltd increased its holdings in Expedia Group by 14.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 355,871 shares of the online travel company’s stock worth $54,018,000 after purchasing an additional 43,820 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Expedia Group by 7.9% during the 3rd quarter. AQR Capital Management LLC now owns 769,665 shares of the online travel company’s stock worth $79,329,000 after purchasing an additional 56,186 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Stock Performance

Shares of EXPE traded up $0.56 during midday trading on Friday, reaching $114.01. 3,054,747 shares of the stock were exchanged, compared to its average volume of 3,255,383. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 2.93. The stock’s 50 day simple moving average is $129.42 and its 200 day simple moving average is $136.15. Expedia Group, Inc. has a twelve month low of $92.00 and a twelve month high of $160.05. The company has a market cap of $15.54 billion, a P/E ratio of 21.35, a PEG ratio of 0.42 and a beta of 1.83.

Insiders Place Their Bets

In related news, CAO Lance A. Soliday sold 5,119 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total value of $702,377.99. Following the completion of the sale, the chief accounting officer now directly owns 10,880 shares in the company, valued at $1,492,844.80. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Craig A. Jacobson sold 6,722 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $112.71, for a total value of $757,636.62. Following the completion of the transaction, the director now directly owns 32,620 shares in the company, valued at approximately $3,676,600.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Lance A. Soliday sold 5,119 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total transaction of $702,377.99. Following the sale, the chief accounting officer now directly owns 10,880 shares of the company’s stock, valued at approximately $1,492,844.80. The disclosure for this sale can be found here. Corporate insiders own 8.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Piper Sandler downgraded shares of Expedia Group from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $175.00 to $145.00 in a report on Friday, May 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Expedia Group from $136.00 to $128.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Mizuho decreased their price objective on Expedia Group from $140.00 to $135.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Oppenheimer reiterated an “outperform” rating and set a $175.00 target price on shares of Expedia Group in a report on Monday, April 29th. Finally, Benchmark restated a “buy” rating and issued a $180.00 price target on shares of Expedia Group in a research note on Friday, May 3rd. Sixteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $149.12.

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.