Hyperion Capital Advisors LP Takes Position in Expedia Group, Inc. (NASDAQ:EXPE)

Hyperion Capital Advisors LP bought a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,780 shares of the online travel company’s stock, valued at approximately $263,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Public Sector Pension Investment Board boosted its stake in shares of Expedia Group by 18.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 5,141 shares of the online travel company’s stock valued at $761,000 after buying an additional 800 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in Expedia Group by 1,198.9% during the third quarter. Glenmede Trust Co. NA now owns 134,406 shares of the online travel company’s stock worth $19,895,000 after purchasing an additional 124,058 shares during the last quarter. Bridgewater Associates LP lifted its stake in Expedia Group by 21.2% during the third quarter. Bridgewater Associates LP now owns 492,719 shares of the online travel company’s stock worth $72,932,000 after purchasing an additional 86,256 shares during the last quarter. Townsquare Capital LLC lifted its stake in Expedia Group by 31.0% during the third quarter. Townsquare Capital LLC now owns 6,040 shares of the online travel company’s stock worth $894,000 after purchasing an additional 1,428 shares during the last quarter. Finally, Avestar Capital LLC bought a new position in Expedia Group during the third quarter worth $232,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Royal Bank of Canada restated a “sector perform” rating and set a $140.00 price objective on shares of Expedia Group in a research note on Friday, August 9th. Bank of America raised their price objective on Expedia Group from $144.00 to $166.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft cut Expedia Group from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. DA Davidson increased their target price on Expedia Group from $135.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $140.00 target price (down from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Twenty equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $167.67.

Insider Buying and Selling at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $29,811,480.90. The trade was a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Lance A. Soliday sold 7,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the completion of the transaction, the chief accounting officer now owns 11,187 shares in the company, valued at $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. Insiders have sold a total of 38,951 shares of company stock valued at $6,197,710 in the last 90 days. 6.80% of the stock is currently owned by corporate insiders.

Expedia Group Trading Down 0.7 %

NASDAQ:EXPE opened at $184.92 on Thursday. 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 fifty-two week low of $107.25 and a fifty-two week high of $190.40. The stock’s 50-day moving average is $162.14 and its two-hundred day moving average is $138.64. The stock has a market cap of $23.73 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 0.72 and a beta of 1.78.

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.