Truvestments Capital LLC Invests $214,000 in Expedia Group, Inc. (NASDAQ:EXPE)

Truvestments Capital LLC purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,446 shares of the online travel company’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of EXPE. Pacer Advisors Inc. raised its position in Expedia Group by 36.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock valued at $334,403,000 after purchasing an additional 714,229 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in Expedia Group by 1,649.4% in the second quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock worth $51,354,000 after acquiring an additional 384,305 shares during the period. AustralianSuper Pty Ltd lifted its stake in Expedia Group by 88.8% in the second quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock worth $94,903,000 after acquiring an additional 354,389 shares during the period. Marshall Wace LLP bought a new position in Expedia Group during the 2nd quarter worth about $39,183,000. Finally, Rokos Capital Management LLP purchased a new position in Expedia Group during the 1st quarter valued at about $25,514,000. Institutional investors own 90.76% of the company’s stock.

Insider Buying and Selling at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on Friday, October 4th. The shares were 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 of the company’s stock, valued at approximately $29,811,480.90. This represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of Expedia Group 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 completion of the transaction, the insider now directly owns 85,250 shares of the company’s stock, valued at $15,345,000. The trade was a 2.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,951 shares of company stock worth $6,197,710. Insiders own 6.80% of the company’s stock.

Expedia Group Trading Down 0.5 %

Shares of Expedia Group stock opened at $184.08 on Tuesday. The stock has a market cap of $23.63 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 0.73 and a beta of 1.78. The firm has a fifty day moving average price of $160.28 and a 200 day moving average price of $137.80. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $190.40. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on EXPE shares. Jefferies Financial Group upped their price target on shares of Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Citigroup increased their target price on Expedia Group from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Susquehanna boosted their price target on Expedia Group from $145.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their price objective on Expedia Group from $135.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, StockNews.com downgraded shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 9th. Twenty equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $165.46.

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.