Vanguard Personalized Indexing Management LLC Sells 1,535 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Vanguard Personalized Indexing Management LLC reduced its position in Expedia Group, Inc. (NASDAQ:EXPEFree Report) by 15.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 8,293 shares of the online travel company’s stock after selling 1,535 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Expedia Group were worth $855,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in EXPE. Raymond James Trust N.A. increased its stake in shares of Expedia Group by 17.6% in the 1st quarter. Raymond James Trust N.A. now owns 1,364 shares of the online travel company’s stock valued at $267,000 after buying an additional 204 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Expedia Group by 6.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 301,932 shares of the online travel company’s stock valued at $59,077,000 after buying an additional 17,680 shares during the period. Blair William & Co. IL increased its stake in shares of Expedia Group by 16.1% in the 1st quarter. Blair William & Co. IL now owns 6,052 shares of the online travel company’s stock valued at $1,184,000 after buying an additional 838 shares during the period. Prudential PLC acquired a new stake in shares of Expedia Group in the 1st quarter valued at $397,000. Finally, Cetera Investment Advisers increased its stake in shares of Expedia Group by 50.9% in the 1st quarter. Cetera Investment Advisers now owns 3,751 shares of the online travel company’s stock valued at $734,000 after buying an additional 1,265 shares during the period. 91.15% of the stock is owned by institutional investors and hedge funds.

Expedia Group Stock Performance

Shares of Expedia Group stock opened at $133.60 on Tuesday. The firm has a market cap of $18.55 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 0.39 and a beta of 1.90. The stock’s 50-day moving average is $148.86 and its 200-day moving average is $123.86. Expedia Group, Inc. has a one year low of $87.94 and a one year high of $160.05. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.78 and a quick ratio of 0.80.

Expedia Group announced that its board has initiated a stock repurchase plan on Thursday, November 2nd that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the online travel company to reacquire up to 30.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

EXPE has been the subject of a number of analyst reports. HSBC initiated coverage on Expedia Group in a research note on Monday, October 23rd. They set a “hold” rating and a $114.00 price objective for the company. Oppenheimer reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Expedia Group in a research note on Monday, February 5th. BTIG Research lifted their price objective on Expedia Group from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, December 27th. Wedbush reaffirmed a “neutral” rating and set a $130.00 price objective on shares of Expedia Group in a research note on Friday. Finally, The Goldman Sachs Group lifted their price objective on Expedia Group from $155.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. Fourteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $149.29.

Read Our Latest Stock Report on EXPE

Insider Activity

In related news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $150.06, for a total transaction of $1,500,600.00. Following the completion of the transaction, the director now directly owns 236,521 shares of the company’s stock, valued at $35,492,341.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Robert J. Dzielak sold 70,000 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $134.50, for a total transaction of $9,415,000.00. Following the completion of the transaction, the insider now directly owns 72,266 shares of the company’s stock, valued at $9,719,777. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $150.06, for a total value of $1,500,600.00. Following the transaction, the director now directly owns 236,521 shares of the company’s stock, valued at $35,492,341.26. The disclosure for this sale can be found here. Insiders have sold a total of 100,477 shares of company stock worth $13,989,925 over the last three months. Corporate insiders own 8.07% of the company’s stock.

Expedia Group Company Profile

(Free Report)

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio includes Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz; Travelocity; Wotif Group; CheapTickets; ebookers; Expedia; Hotwire; CarRentals.com; Classic Vacations; and Expedia Cruise.

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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