Edgestream Partners L.P. Sells 1,660 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Edgestream Partners L.P. reduced its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 29.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,062 shares of the online travel company’s stock after selling 1,660 shares during the quarter. Edgestream Partners L.P.’s holdings in Expedia Group were worth $601,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. increased its stake in shares of Expedia Group by 22.5% in the 3rd quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock valued at $481,170,000 after buying an additional 596,510 shares during the period. Fisher Asset Management LLC boosted its holdings in Expedia Group by 9.4% in the third quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock valued at $250,078,000 after acquiring an additional 144,579 shares during the last quarter. Alkeon Capital Management LLC increased its position in Expedia Group by 46.3% in the third quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock worth $233,349,000 after purchasing an additional 498,934 shares during the period. Dimensional Fund Advisors LP raised its holdings in Expedia Group by 14.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,054,485 shares of the online travel company’s stock worth $132,851,000 after purchasing an additional 135,973 shares during the last quarter. Finally, AustralianSuper Pty Ltd lifted its position in Expedia Group by 8.5% during the 3rd quarter. AustralianSuper Pty Ltd now owns 817,592 shares of the online travel company’s stock valued at $121,020,000 after purchasing an additional 64,332 shares during the period. Institutional investors own 90.76% of the company’s stock.

Insiders Place Their Bets

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the transaction, the director now owns 198,505 shares of the company’s stock, valued at $29,811,480.90. The trade was a 4.80 % decrease in their position. The transaction was disclosed in a document filed 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 shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the completion of the sale, the insider now directly 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. Insiders have sold 38,951 shares of company stock valued at $6,197,710 in the last three months. 6.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EXPE. JPMorgan Chase & Co. boosted their price target on shares of Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Wells Fargo & Company upped their target price on shares of Expedia Group from $130.00 to $159.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Royal Bank of Canada restated a “sector perform” rating and issued a $140.00 price target on shares of Expedia Group in a research report on Friday, August 9th. Baird R W upgraded Expedia Group to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, Jefferies Financial Group raised their target price on Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Twenty analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $167.67.

Expedia Group Stock Performance

Shares of EXPE stock opened at $191.01 on Friday. The firm has a market cap of $24.52 billion, a PE ratio of 24.58, a P/E/G ratio of 0.72 and a beta of 1.84. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $192.28. The company’s fifty day simple moving average is $167.04 and its 200-day simple moving average is $141.51. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03.

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.