Expedia Group, Inc. (NASDAQ:EXPE) Shares Acquired by Ingalls & Snyder LLC

Ingalls & Snyder LLC lifted its position in Expedia Group, Inc. (NASDAQ:EXPE) by 25.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 140,925 shares of the online travel company’s stock after purchasing an additional 28,250 shares during the quarter. Expedia Group makes up 0.8% of Ingalls & Snyder LLC’s investment portfolio, making the stock its 29th biggest holding. Ingalls & Snyder LLC owned about 0.11% of Expedia Group worth $20,860,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its position in shares of Expedia Group by 22.5% in the 3rd quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock valued at $481,170,000 after purchasing an additional 596,510 shares during the period. Fisher Asset Management LLC boosted its position in shares of Expedia Group by 9.4% in the 3rd quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock valued at $250,078,000 after purchasing an additional 144,579 shares during the period. Alkeon Capital Management LLC boosted its position in shares of Expedia Group by 46.3% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock valued at $233,349,000 after purchasing an additional 498,934 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Expedia Group by 14.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,054,485 shares of the online travel company’s stock valued at $132,851,000 after purchasing an additional 135,973 shares during the period. Finally, AustralianSuper Pty Ltd boosted its position in shares of Expedia Group by 8.5% in the 3rd quarter. AustralianSuper Pty Ltd now owns 817,592 shares of the online travel company’s stock valued at $121,020,000 after purchasing an additional 64,332 shares during the period. 90.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on Friday, September 27th. The stock was 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 in the company, valued at approximately $31,319,536.05. This represents a 4.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $181.99, for a total value of $1,273,930.00. Following the sale, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at $2,035,922.13. This trade represents a 38.49 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,951 shares of company stock valued at $6,197,710. 6.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EXPE. DA Davidson upped their target price on Expedia Group from $135.00 to $190.00 and gave the company a “neutral” rating in a research report on Monday, November 18th. Piper Sandler reaffirmed a “neutral” rating and issued a $140.00 price objective (down from $145.00) on shares of Expedia Group in a research note on Friday, August 9th. 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 note on Friday, November 8th. Jefferies Financial Group raised their price objective on Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, Truist Financial began coverage on Expedia Group in a research report on Friday, September 6th. They set a “hold” rating and a $148.00 price target for the company. Twenty equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $167.67.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE traded down $1.01 during trading on Tuesday, hitting $184.00. 20,094 shares of the company traded hands, compared to its average volume of 2,119,725. The stock has a market capitalization of $23.62 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 0.73 and a beta of 1.84. The business’s fifty day moving average is $164.62 and its 200-day moving average is $140.34. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $190.40. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03.

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.