Alkeon Capital Management LLC Raises Position in Expedia Group, Inc. (NASDAQ:EXPE)

Alkeon Capital Management LLC lifted its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 46.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,576,472 shares of the online travel company’s stock after purchasing an additional 498,934 shares during the quarter. Alkeon Capital Management LLC owned about 1.21% of Expedia Group worth $233,349,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in Expedia Group by 55.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 275,430 shares of the online travel company’s stock worth $37,942,000 after buying an additional 97,825 shares during the period. Janus Henderson Group PLC grew its holdings in Expedia Group by 4.9% during the 1st quarter. Janus Henderson Group PLC now owns 18,556 shares of the online travel company’s stock valued at $2,555,000 after purchasing an additional 859 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in Expedia Group by 17.9% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,421 shares of the online travel company’s stock worth $471,000 after purchasing an additional 520 shares during the period. Hancock Whitney Corp lifted its stake in Expedia Group by 41.2% in the first quarter. Hancock Whitney Corp now owns 4,260 shares of the online travel company’s stock worth $587,000 after purchasing an additional 1,244 shares during the last quarter. Finally, Comerica Bank boosted its position in shares of Expedia Group by 34.1% during the first quarter. Comerica Bank now owns 54,343 shares of the online travel company’s stock valued at $7,486,000 after buying an additional 13,813 shares during the period. Institutional investors own 90.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on EXPE shares. Piper Sandler reissued a “neutral” rating and set a $140.00 price target (down from $145.00) on shares of Expedia Group in a research note on Friday, August 9th. Barclays boosted their target price on shares of Expedia Group from $134.00 to $153.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. StockNews.com lowered shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 9th. Truist Financial assumed coverage on shares of Expedia Group in a research report on Friday, September 6th. They issued a “hold” rating and a $148.00 price objective for the company. Finally, Morgan Stanley lifted their price target on shares of Expedia Group from $150.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. Twenty investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $167.67.

Insiders Place Their Bets

In related news, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were 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. This represents a 38.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $180.00, for a total transaction of $351,180.00. Following the transaction, the insider now directly owns 85,250 shares of the company’s stock, valued at $15,345,000. This represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders 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 %

EXPE stock opened at $184.92 on Friday. The stock has a market capitalization of $23.73 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 0.73 and a beta of 1.78. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $190.40. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. The firm has a 50 day moving average of $162.99 and a 200 day moving average of $138.96.

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.