Pitcairn Co. Reduces Position in Expedia Group, Inc. (NASDAQ:EXPE)

Pitcairn Co. cut its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 20.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,724 shares of the online travel company’s stock after selling 2,830 shares during the period. Pitcairn Co.’s holdings in Expedia Group were worth $1,587,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EXPE. Empirical Finance LLC boosted its position in Expedia Group by 1.3% in the 3rd quarter. Empirical Finance LLC now owns 4,754 shares of the online travel company’s stock valued at $704,000 after buying an additional 63 shares during the period. Venture Visionary Partners LLC boosted its position in Expedia Group by 0.6% in the 3rd quarter. Venture Visionary Partners LLC now owns 11,367 shares of the online travel company’s stock valued at $1,683,000 after buying an additional 64 shares during the period. GHE LLC boosted its position in Expedia Group by 1.0% in the 3rd quarter. GHE LLC now owns 6,689 shares of the online travel company’s stock valued at $980,000 after buying an additional 69 shares during the period. AdvisorShares Investments LLC boosted its position in Expedia Group by 7.1% in the 2nd quarter. AdvisorShares Investments LLC now owns 1,517 shares of the online travel company’s stock valued at $186,000 after buying an additional 100 shares during the period. Finally, Bleakley Financial Group LLC boosted its position in Expedia Group by 5.2% in the 3rd quarter. Bleakley Financial Group LLC now owns 2,076 shares of the online travel company’s stock valued at $307,000 after buying an additional 102 shares during the period. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction on 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 sale, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at approximately $2,035,922.13. This represents a 38.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction 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 sale, the director now directly owns 198,505 shares in the company, valued at $29,811,480.90. This trade represents a 4.80 % decrease in their ownership of the stock. 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 ninety days. Insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on EXPE. Benchmark boosted their price objective on shares of Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Morgan Stanley boosted their price target on shares of Expedia Group from $150.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday. Bank of America boosted their price target on shares of Expedia Group from $144.00 to $166.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Oppenheimer boosted their price target on shares of Expedia Group from $155.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Truist Financial initiated coverage on shares of Expedia Group in a report on Friday, September 6th. They issued a “hold” rating and a $148.00 price target for the company. Twenty investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $165.46.

Expedia Group Stock Up 0.8 %

EXPE stock opened at $184.92 on Friday. The firm’s fifty day simple moving average is $159.31 and its 200-day simple moving average is $137.11. The company has a market capitalization of $23.73 billion, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 0.72 and a beta of 1.78. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $190.40.

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.