Expedia Group, Inc. (NASDAQ:EXPE) Shares Bought by TD Asset Management Inc

TD Asset Management Inc grew its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 0.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,544 shares of the online travel company’s stock after acquiring an additional 671 shares during the period. TD Asset Management Inc’s holdings in Expedia Group were worth $8,373,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Financial Gravity Asset Management Inc. acquired a new position in Expedia Group in the second quarter worth about $594,000. Salem Investment Counselors Inc. acquired a new position in Expedia Group in the first quarter worth about $44,000. Lindbrook Capital LLC grew its stake in Expedia Group by 114.4% in the second quarter. Lindbrook Capital LLC now owns 268 shares of the online travel company’s stock worth $29,000 after purchasing an additional 143 shares in the last quarter. Covestor Ltd grew its stake in Expedia Group by 144.1% in the first quarter. Covestor Ltd now owns 271 shares of the online travel company’s stock worth $53,000 after purchasing an additional 160 shares in the last quarter. Finally, Almanack Investment Partners LLC. acquired a new position in Expedia Group in the third quarter worth about $26,000. 91.15% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $134.90 on Tuesday. Expedia Group, Inc. has a 12 month low of $82.39 and a 12 month high of $137.50. The stock has a market cap of $18.73 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 0.70 and a beta of 1.66. The stock’s 50 day moving average price is $105.40 and its 200 day moving average price is $106.64. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.80 and a quick ratio of 0.80.

Expedia Group declared that its board has initiated a stock buyback program 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 programs are typically an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EXPE shares. Wells Fargo & Company decreased their price target on Expedia Group from $93.00 to $91.00 in a research note on Friday, August 4th. Citigroup lifted their target price on Expedia Group from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. Credit Suisse Group lifted their target price on Expedia Group from $172.00 to $174.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Bank of America decreased their target price on Expedia Group from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, August 4th. Finally, TD Cowen decreased their target price on Expedia Group from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, August 4th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Expedia Group currently has an average rating of “Hold” and a consensus target price of $129.33.

Insider Buying and Selling

In related news, insider Robert J. Dzielak sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $110.00, for a total transaction of $660,000.00. Following the sale, the insider now owns 75,750 shares of the company’s stock, valued at $8,332,500. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Expedia Group news, insider Robert J. Dzielak sold 6,000 shares of Expedia Group stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $110.00, for a total value of $660,000.00. Following the transaction, the insider now owns 75,750 shares in the company, valued at $8,332,500. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robert J. Dzielak sold 70,000 shares of Expedia Group 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 owns 72,266 shares in the company, valued at approximately $9,719,777. The disclosure for this sale can be found here. Insiders have sold a total of 76,477 shares of company stock valued at $10,140,125 over the last quarter. Corporate insiders own 8.07% of the company’s stock.

Expedia Group Profile

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.