Cypress Capital Group Sells 130 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Cypress Capital Group lessened its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 2.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,375 shares of the online travel company’s stock after selling 130 shares during the period. Cypress Capital Group’s holdings in Expedia Group were worth $944,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EXPE. Pacer Advisors Inc. lifted its holdings in shares of Expedia Group by 36.8% in the 2nd quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock worth $334,403,000 after buying an additional 714,229 shares during the period. Dimensional Fund Advisors LP lifted its holdings 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 worth $132,851,000 after buying an additional 135,973 shares during the period. AustralianSuper Pty Ltd lifted its holdings 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 worth $121,020,000 after buying an additional 64,332 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Expedia Group by 13.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 649,716 shares of the online travel company’s stock worth $96,171,000 after buying an additional 75,120 shares during the period. Finally, Equity Investment Corp lifted its holdings in shares of Expedia Group by 1.4% in the 3rd quarter. Equity Investment Corp now owns 576,036 shares of the online travel company’s stock worth $85,265,000 after buying an additional 8,066 shares during the period. Institutional investors own 90.76% of the company’s stock.

Insider Buying and Selling

In other Expedia Group news, CAO Lance A. Soliday sold 7,000 shares of Expedia Group stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the completion of the sale, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $2,035,922.13. The trade was a 38.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $150.18, for a total value of $1,501,800.00. Following the completion of the sale, the director now directly owns 198,505 shares of the company’s stock, 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. Insiders sold 37,000 shares of company stock valued at $5,846,530 in the last three months. 6.80% of the stock is owned by corporate insiders.

Expedia Group Trading Up 2.5 %

Shares of NASDAQ EXPE opened at $183.51 on Friday. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month high of $190.40. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03. The stock has a fifty day simple moving average of $158.33 and a 200-day simple moving average of $136.47. The stock has a market capitalization of $23.55 billion, a PE ratio of 23.62, a PEG ratio of 0.69 and a beta of 1.78.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Truist Financial assumed coverage on Expedia Group in a report on Friday, September 6th. They issued a “hold” rating and a $148.00 target price for the company. Wedbush upped their target price on Expedia Group from $130.00 to $180.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. StockNews.com cut Expedia Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 9th. Oppenheimer upped their price objective on Expedia Group from $155.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Wells Fargo & Company upped their price objective on Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Nineteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $164.88.

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.