Avanza Fonder AB Purchases Shares of 9,366 Expedia Group, Inc. (NASDAQ:EXPE)

Avanza Fonder AB purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,366 shares of the online travel company’s stock, valued at approximately $1,745,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in Expedia Group by 8.4% in the second quarter. Envestnet Asset Management Inc. now owns 217,286 shares of the online travel company’s stock worth $27,376,000 after buying an additional 16,856 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Expedia Group by 10.0% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,060 shares of the online travel company’s stock valued at $260,000 after purchasing an additional 187 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Expedia Group by 6.0% during the 2nd quarter. Amalgamated Bank now owns 42,949 shares of the online travel company’s stock valued at $5,411,000 after purchasing an additional 2,438 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in Expedia Group by 9.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,631 shares of the online travel company’s stock worth $1,335,000 after purchasing an additional 883 shares during the period. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on EXPE. Deutsche Bank Aktiengesellschaft lowered Expedia Group from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. boosted their price objective on Expedia Group from $135.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. StockNews.com upgraded shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 14th. Wells Fargo & Company lowered their price target on shares of Expedia Group from $172.00 to $168.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, Baird R W raised shares of Expedia Group to a “strong-buy” rating in a report on Wednesday, November 27th. Twenty equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Expedia Group currently has an average rating of “Hold” and an average price target of $175.96.

Expedia Group Stock Down 0.7 %

EXPE stock opened at $187.28 on Friday. The business has a 50 day moving average of $184.66 and a 200 day moving average of $155.92. The firm has a market cap of $24.04 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 0.81 and a beta of 1.83. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month high of $192.34. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03.

Insider Activity

In other news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $156.87, for a total value of $1,568,700.00. Following the transaction, the director now owns 188,505 shares in the company, valued at approximately $29,570,779.35. This represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert J. Dzielak sold 1,951 shares of the firm’s 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 sale, the insider now directly 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. Insiders sold 28,951 shares of company stock worth $5,045,310 over the last three months. 6.80% of the stock is currently owned by corporate insiders.

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.