Pallas Capital Advisors LLC Acquires 216 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Pallas Capital Advisors LLC boosted its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 5.5% during the fourth quarter, Holdings Channel reports. The fund owned 4,134 shares of the online travel company’s stock after acquiring an additional 216 shares during the period. Pallas Capital Advisors LLC’s holdings in Expedia Group were worth $770,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Caprock Group LLC grew its stake in shares of Expedia Group by 33.7% during the third quarter. Caprock Group LLC now owns 10,191 shares of the online travel company’s stock valued at $1,508,000 after purchasing an additional 2,569 shares during the last quarter. Cozad Asset Management Inc. lifted its holdings in Expedia Group by 16.9% during the 3rd quarter. Cozad Asset Management Inc. now owns 30,823 shares of the online travel company’s stock worth $4,562,000 after buying an additional 4,449 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in 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 valued at $96,171,000 after buying an additional 75,120 shares during the last quarter. Integrated Investment Consultants LLC acquired a new stake in shares of Expedia Group in the 3rd quarter valued at $527,000. Finally, DoubleLine ETF Adviser LP bought a new stake in shares of Expedia Group during the second quarter worth $465,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insider Activity at Expedia Group

In other news, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $180.00, for a total value of $351,180.00. Following the completion of the sale, the insider now owns 85,250 shares of the company’s stock, valued at approximately $15,345,000. This represents a 2.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the transaction, the director now owns 168,505 shares in the company, valued at approximately $31,198,700.75. The trade was a 5.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,951 shares of company stock valued at $5,045,310. Corporate insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on EXPE. Deutsche Bank Aktiengesellschaft cut Expedia Group from a “buy” rating to a “hold” rating in a report on Friday, November 8th. UBS Group lifted their price target on shares of Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Benchmark boosted their price target on shares of Expedia Group from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Susquehanna raised their price objective 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. Finally, BTIG Research upped their target price on shares of Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Twenty research analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $175.64.

Expedia Group Price Performance

Shares of EXPE opened at $183.19 on Wednesday. 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, Inc. has a twelve month low of $107.25 and a twelve month high of $192.34. The stock has a market capitalization of $23.51 billion, a P/E ratio of 23.58, a P/E/G ratio of 1.03 and a beta of 1.83. The company has a 50 day moving average of $183.94 and a 200-day moving average of $154.78.

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.