Expedia Group, Inc. (NASDAQ:EXPE) Shares Acquired by DNB Asset Management AS

DNB Asset Management AS boosted its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 15.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,233 shares of the online travel company’s stock after purchasing an additional 3,017 shares during the quarter. DNB Asset Management AS’s holdings in Expedia Group were worth $2,801,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EXPE. ValueAct Holdings L.P. bought a new stake in shares of Expedia Group in the 4th quarter worth approximately $645,346,000. Norges Bank bought a new stake in Expedia Group in the fourth quarter valued at $334,632,000. Acadian Asset Management LLC boosted its holdings in shares of Expedia Group by 414.4% during the first quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock valued at $94,512,000 after acquiring an additional 552,831 shares during the period. Norden Group LLC bought a new position in shares of Expedia Group during the first quarter worth about $40,976,000. Finally, Jupiter Asset Management Ltd. increased its holdings in shares of Expedia Group by 90.4% in the 1st quarter. Jupiter Asset Management Ltd. now owns 557,243 shares of the online travel company’s stock worth $76,760,000 after acquiring an additional 264,572 shares during the period. Institutional investors own 90.76% of the company’s stock.

Expedia Group Trading Up 4.8 %

Shares of EXPE traded up $5.41 during midday trading on Tuesday, hitting $117.53. The stock had a trading volume of 2,950,394 shares, compared to its average volume of 2,412,103. The business has a 50-day simple moving average of $124.59 and a two-hundred day simple moving average of $130.16. The firm has a market cap of $16.02 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 0.46 and a beta of 1.78. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 2.93. Expedia Group, Inc. has a fifty-two week low of $92.48 and a fifty-two week high of $160.05.

Insider Buying and Selling

In other news, Director Craig A. Jacobson sold 6,722 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total value of $757,636.62. Following the completion of the sale, the director now owns 32,620 shares in the company, valued at $3,676,600.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Expedia Group news, Director Craig A. Jacobson sold 6,722 shares of Expedia Group stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total transaction of $757,636.62. Following the transaction, the director now owns 32,620 shares of the company’s stock, valued at approximately $3,676,600.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Lance A. Soliday sold 544 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $113.38, for a total transaction of $61,678.72. Following the completion of the sale, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $1,268,382.06. The disclosure for this sale can be found here. Company insiders own 8.07% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPE has been the subject of a number of analyst reports. Wedbush reduced their target price on shares of Expedia Group from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Piper Sandler lowered Expedia Group from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $175.00 to $145.00 in a report on Friday, May 3rd. Barclays cut their target price on Expedia Group from $158.00 to $138.00 and set an “equal weight” rating on the stock in a research note on Monday, May 6th. Susquehanna reiterated a “neutral” rating and set a $125.00 price target on shares of Expedia Group in a research report on Wednesday, May 15th. Finally, Evercore ISI lowered their price target on Expedia Group from $190.00 to $175.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Fifteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Expedia Group has a consensus rating of “Hold” and an average target price of $147.70.

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.