Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board trimmed its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 55.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 7,996 shares of the online travel company’s stock after selling 9,773 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Expedia Group were worth $1,184,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in EXPE. Pacer Advisors Inc. grew its position in Expedia Group by 36.8% in the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock worth $334,403,000 after acquiring an additional 714,229 shares during the period. Point72 Asset Management L.P. boosted its position in shares of Expedia Group by 1,649.4% during 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 buying an additional 384,305 shares during the period. AustralianSuper Pty Ltd boosted its position in shares of Expedia Group by 88.8% during the second quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock worth $94,903,000 after buying an additional 354,389 shares during the period. Marshall Wace LLP purchased a new position in shares of Expedia Group during the second quarter worth $39,183,000. Finally, Rokos Capital Management LLP purchased a new position in shares of Expedia Group during the first quarter worth $25,514,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $179.10 on Thursday. The business’s 50 day simple moving average is $157.30 and its 200-day simple moving average is $136.14. The firm has a market capitalization of $22.99 billion, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 0.71 and a beta of 1.78. 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 12 month low of $107.25 and a 12 month high of $190.40.

Analysts Set New Price Targets

Several research analysts have recently commented on EXPE shares. Oppenheimer raised their price target on Expedia Group from $155.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Benchmark increased their price objective on Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, November 8th. TD Cowen cut Expedia Group from a “buy” rating to a “hold” rating and increased their price objective for the company from $130.00 to $150.00 in a research note on Wednesday, September 25th. Citigroup increased their price objective on Expedia Group from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Finally, Truist Financial started coverage on Expedia Group in a research note on Friday, September 6th. They issued a “hold” rating and a $148.00 price target on the stock. Nineteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Expedia Group has an average rating of “Hold” and a consensus price target of $164.88.

Insider Transactions at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 198,505 shares in the company, valued at $29,811,480.90. The trade was a 4.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Lance A. Soliday sold 7,000 shares of Expedia Group stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $181.99, for a total value of $1,273,930.00. Following the transaction, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at $2,035,922.13. This represents a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,000 shares of company stock valued at $5,846,530 in the last quarter. 6.80% of the stock is currently owned by corporate insiders.

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.