Avestar Capital LLC Takes Position in Expedia Group, Inc. (NASDAQ:EXPE)

Avestar Capital LLC bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the 3rd quarter, HoldingsChannel reports. The firm bought 1,566 shares of the online travel company’s stock, valued at approximately $232,000.

Other institutional investors have also modified their holdings of the company. Caprock Group LLC grew its position in shares of Expedia Group by 33.7% in 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 period. Cozad Asset Management Inc. grew its position in shares of Expedia Group by 16.9% in the third quarter. Cozad Asset Management Inc. now owns 30,823 shares of the online travel company’s stock valued at $4,562,000 after purchasing an additional 4,449 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Expedia Group by 13.1% in the third 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 purchasing an additional 75,120 shares during the period. DoubleLine ETF Adviser LP acquired a new stake in shares of Expedia Group in the second quarter valued at about $465,000. Finally, Integrated Investment Consultants LLC acquired a new stake in shares of Expedia Group in the third quarter valued at about $527,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Price Performance

Shares of EXPE opened at $184.92 on Friday. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $190.40. The firm’s 50 day moving average price is $162.99 and its 200 day moving average price is $138.96. The company has a market cap of $23.73 billion, a P/E ratio of 23.80, a PEG ratio of 0.72 and a beta of 1.78. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 1,951 shares of the business’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 completion of the transaction, the insider now owns 85,250 shares in the company, valued at $15,345,000. The trade was a 2.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the transaction, the director now owns 198,505 shares of the company’s stock, valued at $29,811,480.90. This trade represents a 4.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,951 shares of company stock worth $6,197,710 in the last 90 days. Corporate insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Jefferies Financial Group lifted their target price on shares of Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Barclays boosted their price target on shares of Expedia Group from $134.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Susquehanna boosted their price target on shares of Expedia Group from $145.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Wedbush boosted their price target on shares of Expedia Group from $130.00 to $180.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Baird R W upgraded shares of Expedia Group to a “strong-buy” rating in a research report on Wednesday. Twenty equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Expedia Group currently has an average rating of “Hold” and a consensus target price of $167.67.

About Expedia Group

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.