Prospector Partners LLC Raises Position in Expedia Group, Inc. (NASDAQ:EXPE)

Prospector Partners LLC raised its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 4.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 77,693 shares of the online travel company’s stock after buying an additional 3,288 shares during the quarter. Prospector Partners LLC owned about 0.06% of Expedia Group worth $11,500,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in shares of Expedia Group in the second quarter worth $27,000. Blue Trust Inc. raised its stake in Expedia Group by 93.8% in the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after acquiring an additional 105 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after acquiring an additional 291 shares during the period. LRI Investments LLC acquired a new stake in Expedia Group during the 1st quarter worth about $48,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in Expedia Group during the 3rd quarter valued at about $74,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Stock Down 0.5 %

EXPE opened at $184.08 on Tuesday. The company 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. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month high of $190.40. The company has a 50-day moving average price of $160.28 and a 200 day moving average price of $137.80. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03.

Insiders Place Their Bets

In other news, insider Robert J. Dzielak sold 1,951 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the transaction, the insider now directly owns 85,250 shares of the company’s stock, valued at approximately $15,345,000. This trade represents a 2.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 38,951 shares of company stock worth $6,197,710. Corporate insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on EXPE shares. Susquehanna raised their price objective on Expedia Group from $145.00 to $190.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Morgan Stanley lifted their price objective on shares of Expedia Group from $150.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday. Benchmark upped their price objective on shares of Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 8th. UBS Group raised their target price on shares of Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $130.00 price target on shares of Expedia Group in a report on Monday, October 7th. Twenty equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.