Daiwa Securities Group Inc. Acquires 1,262 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Daiwa Securities Group Inc. increased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 7.9% during the third quarter, HoldingsChannel.com reports. The fund owned 17,310 shares of the online travel company’s stock after buying an additional 1,262 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Expedia Group were worth $2,562,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Centaurus Financial Inc. bought a new stake in shares of Expedia Group during the 3rd quarter worth $383,000. Okabena Investment Services Inc. raised its holdings in shares of Expedia Group by 10.5% in the 3rd quarter. Okabena Investment Services Inc. now owns 5,912 shares of the online travel company’s stock worth $875,000 after purchasing an additional 561 shares during the period. Cerity Partners LLC lifted its stake in Expedia Group by 67.4% in the third quarter. Cerity Partners LLC now owns 57,409 shares of the online travel company’s stock valued at $8,498,000 after purchasing an additional 23,118 shares during the last quarter. Smithfield Trust Co grew its holdings in Expedia Group by 9.3% during the third quarter. Smithfield Trust Co now owns 2,831 shares of the online travel company’s stock valued at $420,000 after purchasing an additional 242 shares during the period. Finally, Blackhawk Capital Partners LLC. purchased a new stake in Expedia Group in the third quarter worth $1,336,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on EXPE shares. Truist Financial began coverage on Expedia Group in a research note on Friday, September 6th. They set a “hold” rating and a $148.00 price target for the company. TD Cowen downgraded shares of Expedia Group from a “buy” rating to a “hold” rating and lifted their target price for the stock from $130.00 to $150.00 in a research note on Wednesday, September 25th. Susquehanna upped their price target on shares of Expedia Group from $145.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Oppenheimer lifted their price objective on shares of Expedia Group from $155.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, UBS Group increased their target price on Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Twenty investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $167.67.

Insider Activity at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $150.21, for a total value of $1,502,100.00. Following the completion of the sale, the director now owns 208,505 shares of the company’s stock, valued at approximately $31,319,536.05. The trade was a 4.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Lance A. Soliday sold 7,000 shares of the firm’s 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 in the company, valued at approximately $2,035,922.13. The trade was a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,951 shares of company stock valued at $6,197,710. Insiders own 6.80% of the company’s stock.

Expedia Group Stock Down 0.7 %

Shares of NASDAQ EXPE opened at $184.92 on Thursday. The stock has a market capitalization of $23.73 billion, a P/E ratio of 23.80, a PEG ratio of 0.72 and a beta of 1.78. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $190.40. The firm’s 50 day simple moving average is $162.14 and its two-hundred day simple moving average is $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 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.