Prospector Partners LLC Increases Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Prospector Partners LLC raised its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 4.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 77,693 shares of the online travel company’s stock after buying an additional 3,288 shares during the period. Prospector Partners LLC’s holdings in Expedia Group were worth $11,500,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EXPE. Advisors Asset Management Inc. grew its stake in shares of Expedia Group by 33.7% in the 1st quarter. Advisors Asset Management Inc. now owns 7,927 shares of the online travel company’s stock valued at $1,092,000 after buying an additional 1,996 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Expedia Group by 55.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 275,430 shares of the online travel company’s stock worth $37,942,000 after purchasing an additional 97,825 shares during the last quarter. Ascent Group LLC raised its holdings in Expedia Group by 7.7% in the 1st quarter. Ascent Group LLC now owns 2,008 shares of the online travel company’s stock valued at $277,000 after buying an additional 144 shares during the period. Janus Henderson Group PLC lifted its position in Expedia Group by 4.9% in the first quarter. Janus Henderson Group PLC now owns 18,556 shares of the online travel company’s stock valued at $2,555,000 after buying an additional 859 shares during the last quarter. Finally, Dynasty Wealth Management LLC purchased a new position in Expedia Group during the first quarter worth about $362,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 7,000 shares of Expedia Group stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $181.99, for a total value of $1,273,930.00. Following the completion of the sale, the chief accounting officer now owns 11,187 shares in the company, valued at $2,035,922.13. The trade was a 38.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 transaction, the insider now directly owns 85,250 shares in the company, valued at approximately $15,345,000. This represents 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 worth $6,197,710. 6.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Piper Sandler reiterated a “neutral” rating and set a $140.00 price target (down from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Wedbush raised their price target on shares of Expedia Group from $130.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Oppenheimer boosted their price objective on Expedia Group from $155.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Benchmark increased their price target on shares of Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, UBS Group raised their price target on Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Twenty analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $165.46.

Expedia Group Trading Down 0.5 %

Shares of Expedia Group stock opened at $184.08 on Tuesday. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $190.40. The stock has a market cap of $23.63 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 0.73 and a beta of 1.78. The company has a 50-day moving average of $160.28 and a two-hundred day moving average of $137.80. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03.

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.