Tidal Investments LLC Decreases Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Tidal Investments LLC reduced its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 20.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 28,309 shares of the online travel company’s stock after selling 7,264 shares during the period. Tidal Investments LLC’s holdings in Expedia Group were worth $4,190,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $150.18, for a total value of $1,501,800.00. Following the completion of the sale, the director now owns 198,505 shares of the company’s stock, valued at approximately $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 at the SEC website. Also, CAO Lance A. Soliday sold 7,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief accounting officer now owns 11,187 shares in the company, valued at approximately $2,035,922.13. This trade represents a 38.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,951 shares of company stock worth $6,197,710 in the last three months. 6.80% of the stock is owned by insiders.

Expedia Group Trading Down 0.8 %

NASDAQ:EXPE opened at $183.00 on Friday. The stock has a market cap of $23.49 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 1.07 and a beta of 1.84. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $192.34. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73. The business’s 50-day simple moving average is $171.80 and its 200 day simple moving average is $144.68.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. UBS Group lifted their target price on shares of Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. DA Davidson upped their target price on Expedia Group from $135.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft lowered Expedia Group from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Oppenheimer increased their price objective on shares of Expedia Group from $155.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Wells Fargo & Company boosted their target price 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. Twenty investment 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $167.67.

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.