Zacks Investment Management Makes New $559,000 Investment in Expedia Group, Inc. (NASDAQ:EXPE)

Zacks Investment Management bought a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 3,776 shares of the online travel company’s stock, valued at approximately $559,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. National Bank of Canada FI raised its stake in Expedia Group by 32.7% during the 3rd quarter. National Bank of Canada FI now owns 57,465 shares of the online travel company’s stock worth $8,506,000 after buying an additional 14,157 shares during the period. iA Global Asset Management Inc. grew its holdings in shares of Expedia Group by 205.2% in the third quarter. iA Global Asset Management Inc. now owns 7,390 shares of the online travel company’s stock valued at $1,094,000 after acquiring an additional 4,969 shares in the last quarter. EP Wealth Advisors LLC bought a new position in shares of Expedia Group in the third quarter valued at approximately $759,000. Insigneo Advisory Services LLC bought a new position in shares of Expedia Group in the third quarter valued at approximately $280,000. Finally, Kovitz Investment Group Partners LLC grew its holdings in shares of Expedia Group by 165.6% in the third quarter. Kovitz Investment Group Partners LLC now owns 4,860 shares of the online travel company’s stock valued at $719,000 after acquiring an additional 3,030 shares in the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Stock Performance

Shares of EXPE opened at $188.41 on Wednesday. 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 one year low of $107.25 and a one year high of $192.34. The company has a 50-day simple moving average of $168.71 and a two-hundred day simple moving average of $143.02. The firm has a market capitalization of $24.18 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 0.75 and a beta of 1.84.

Insider Activity

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction on 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 sale, the director now owns 198,505 shares in the company, valued at $29,811,480.90. The trade was a 4.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 sale, the chief accounting officer now owns 11,187 shares in the company, valued at $2,035,922.13. This represents a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,951 shares of company stock worth $6,197,710. Insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Oppenheimer upped their target price on Expedia Group from $155.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, November 8th. StockNews.com raised Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 5th. Bank of America increased their price objective on Expedia Group from $144.00 to $166.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Truist Financial assumed coverage on Expedia Group in a report on Friday, September 6th. They set a “hold” rating and a $148.00 price objective for the company. Finally, DA Davidson increased their price objective on Expedia Group from $135.00 to $190.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Twenty investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $167.67.

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.