Glenmede Trust Co. NA Increases Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Glenmede Trust Co. NA raised its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 1,198.9% during the third quarter, HoldingsChannel reports. The firm owned 134,406 shares of the online travel company’s stock after purchasing an additional 124,058 shares during the quarter. Glenmede Trust Co. NA’s holdings in Expedia Group were worth $19,895,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in EXPE. Innealta Capital LLC acquired a new position in shares of Expedia Group in the second quarter valued at about $27,000. Blue Trust Inc. lifted its position in Expedia Group by 93.8% during the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock valued at $30,000 after purchasing an additional 105 shares during the period. LRI Investments LLC purchased a new stake in Expedia Group in the first quarter valued at $48,000. Venturi Wealth Management LLC grew 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 purchasing an additional 291 shares during the period. Finally, Brooklyn Investment Group purchased a new position in shares of Expedia Group during the 3rd quarter valued at about $51,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on EXPE shares. Wedbush upped their target price on Expedia Group from $130.00 to $180.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Wells Fargo & Company raised 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 note on Tuesday, October 8th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $140.00 target price on shares of Expedia Group in a research note on Friday, August 9th. Piper Sandler restated a “neutral” rating and set a $140.00 price target (down previously from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Finally, Citigroup raised 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. Twenty equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $167.67.

Insider Activity at Expedia Group

In other news, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the sale, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at approximately $2,035,922.13. This represents a 38.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 1,951 shares of Expedia Group stock in a transaction that occurred 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 owns 85,250 shares of the company’s stock, valued at $15,345,000. This trade represents 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 Price Performance

Shares of EXPE opened at $184.92 on Thursday. The firm has a 50-day simple moving average of $162.14 and a two-hundred day simple moving average of $138.64. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group, Inc. has a 1-year low of $107.25 and a 1-year high of $190.40. The stock has a market cap of $23.73 billion, a PE ratio of 23.80, a P/E/G ratio of 0.72 and a beta of 1.78.

Expedia Group 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.