D.A. Davidson & CO. Has $1.19 Million Position in Expedia Group, Inc. (NASDAQ:EXPE)

D.A. Davidson & CO. trimmed its holdings in Expedia Group, Inc. (NASDAQ:EXPEFree Report) by 4.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,516 shares of the online travel company’s stock after selling 491 shares during the quarter. D.A. Davidson & CO.’s holdings in Expedia Group were worth $1,187,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. bought a new position in Expedia Group in the second quarter worth $594,000. Salem Investment Counselors Inc. bought a new position in Expedia Group in the first quarter worth $44,000. Lindbrook Capital LLC lifted its position in Expedia Group by 114.4% in the second quarter. Lindbrook Capital LLC now owns 268 shares of the online travel company’s stock worth $29,000 after purchasing an additional 143 shares during the period. Covestor Ltd lifted its position in Expedia Group by 144.1% in the first quarter. Covestor Ltd now owns 271 shares of the online travel company’s stock worth $53,000 after purchasing an additional 160 shares during the period. Finally, Almanack Investment Partners LLC. bought a new position in Expedia Group in the third quarter worth $26,000. 91.15% of the stock is owned by institutional investors.

Expedia Group Price Performance

Expedia Group stock opened at $131.11 on Monday. Expedia Group, Inc. has a 1 year low of $87.94 and a 1 year high of $160.05. The business has a 50-day moving average of $148.98 and a 200-day moving average of $123.76. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.14. The firm has a market capitalization of $18.20 billion, a P/E ratio of 24.37, a PEG ratio of 0.39 and a beta of 1.90.

Expedia Group declared that its Board of Directors has approved a share repurchase plan on Thursday, November 2nd that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the online travel company to purchase up to 30.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at Expedia Group

In related news, insider Robert J. Dzielak sold 70,000 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $134.50, for a total value of $9,415,000.00. Following the sale, the insider now owns 72,266 shares in the company, valued at approximately $9,719,777. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $150.06, for a total value of $1,500,600.00. Following the transaction, the director now directly owns 236,521 shares of the company’s stock, valued at approximately $35,492,341.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert J. Dzielak sold 70,000 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $134.50, for a total value of $9,415,000.00. Following the completion of the transaction, the insider now directly owns 72,266 shares in the company, valued at $9,719,777. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,477 shares of company stock worth $13,989,925. Company insiders own 8.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EXPE. HSBC began coverage on Expedia Group in a research report on Monday, October 23rd. They issued a “hold” rating and a $114.00 target price for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $155.00 price objective on shares of Expedia Group in a report on Friday. The Goldman Sachs Group lifted their price objective on Expedia Group from $155.00 to $190.00 and gave the company a “buy” rating in a report on Friday, January 19th. Barclays cut Expedia Group from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $136.00 to $150.00 in a report on Tuesday, December 12th. Finally, Morgan Stanley lifted their price objective on Expedia Group from $130.00 to $135.00 and gave the company an “equal weight” rating in a report on Tuesday, November 14th. Fourteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $149.29.

Check Out Our Latest Stock Report on EXPE

Expedia Group Profile

(Free Report)

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio includes Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz; Travelocity; Wotif Group; CheapTickets; ebookers; Expedia; Hotwire; CarRentals.com; Classic Vacations; and Expedia Cruise.

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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