Zurcher Kantonalbank Zurich Cantonalbank Has $4.22 Million Position in Expedia Group, Inc. (NASDAQ:EXPE)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 62.8% in the third quarter, Holdings Channel.com reports. The fund owned 28,483 shares of the online travel company’s stock after selling 48,122 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Expedia Group were worth $4,216,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in shares of Expedia Group during the second quarter worth $27,000. Blue Trust Inc. boosted its holdings in Expedia Group by 93.8% during the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after buying an additional 105 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after buying an additional 291 shares during the period. Brooklyn Investment Group bought a new stake in shares of Expedia Group in the 3rd quarter valued at about $51,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Expedia Group in the 2nd quarter valued at approximately $65,000. Institutional investors own 90.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on EXPE. Benchmark boosted their price target on shares of Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 8th. Bank of America lifted their price target on Expedia Group from $144.00 to $166.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft cut Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Piper Sandler reissued a “neutral” rating and issued a $140.00 target price (down previously from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Finally, Susquehanna upped their price target on Expedia Group from $145.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Twenty research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $167.67.

Expedia Group Trading Up 0.2 %

Shares of EXPE stock opened at $185.01 on Tuesday. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $190.40. The company has a market capitalization of $23.75 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 0.73 and a beta of 1.78. The firm has a 50 day moving average price of $164.62 and a two-hundred day moving average price of $140.34. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03.

Insider Buying and Selling

In related news, insider Robert J. Dzielak sold 1,951 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $1,273,930.00. Following the completion of the sale, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at $2,035,922.13. This trade represents a 38.49 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,951 shares of company stock valued at $6,197,710. Insiders own 6.80% of the company’s stock.

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.