Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Tidal Investments LLC

Tidal Investments LLC reduced its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 20.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,309 shares of the online travel company’s stock after selling 7,264 shares during the period. Tidal Investments LLC’s holdings in Expedia Group were worth $4,190,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caprock Group LLC grew its holdings in Expedia Group by 33.7% during the 3rd quarter. Caprock Group LLC now owns 10,191 shares of the online travel company’s stock worth $1,508,000 after acquiring an additional 2,569 shares in the last quarter. Cozad Asset Management Inc. grew its stake in shares of Expedia Group by 16.9% during the third quarter. Cozad Asset Management Inc. now owns 30,823 shares of the online travel company’s stock worth $4,562,000 after purchasing an additional 4,449 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Expedia Group by 13.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 649,716 shares of the online travel company’s stock worth $96,171,000 after purchasing an additional 75,120 shares in the last quarter. Integrated Investment Consultants LLC purchased a new position in Expedia Group in the third quarter valued at $527,000. Finally, DoubleLine ETF Adviser LP acquired a new stake in Expedia Group in the second quarter valued at $465,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Robert J. Dzielak sold 1,951 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total transaction of $351,180.00. Following the transaction, the insider now directly owns 85,250 shares of the company’s stock, valued at $15,345,000. This represents a 2.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the completion of the sale, the director now owns 208,505 shares of the company’s stock, valued at $31,319,536.05. This trade represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,951 shares of company stock worth $6,197,710. 6.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. UBS Group increased their price objective on Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. DA Davidson increased their price target on shares of Expedia Group from $135.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Wells Fargo & Company boosted their price objective on shares of Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Baird R W raised shares of Expedia Group to a “strong-buy” rating in a research report on Wednesday, November 27th. Finally, Truist Financial started coverage on shares of Expedia Group in a research report on Friday, September 6th. They issued a “hold” rating and a $148.00 price target for the company. Twenty research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $167.67.

Expedia Group Stock Performance

Shares of EXPE stock opened at $183.00 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03. The stock has a 50 day simple moving average of $171.80 and a 200-day simple moving average of $144.68. The company has a market cap of $23.49 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 1.07 and a beta of 1.84. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $192.34.

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.