Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P cut its position in Expedia Group, Inc. (NASDAQ:EXPE) by 23.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,197 shares of the online travel company’s stock after selling 23,728 shares during the quarter. Loomis Sayles & Co. L P owned 0.06% of Expedia Group worth $11,427,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in EXPE. Pacer Advisors Inc. increased its holdings in Expedia Group by 36.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock worth $334,403,000 after purchasing an additional 714,229 shares during the last quarter. Point72 Asset Management L.P. increased its stake in shares of Expedia Group by 1,649.4% in the second quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock worth $51,354,000 after buying an additional 384,305 shares during the last quarter. AustralianSuper Pty Ltd raised its holdings in Expedia Group by 88.8% in the second quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock valued at $94,903,000 after acquiring an additional 354,389 shares in the last quarter. Marshall Wace LLP acquired a new stake in Expedia Group in the second quarter valued at $39,183,000. Finally, Engine Capital Management LP acquired a new position in Expedia Group during the 2nd quarter worth $20,751,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EXPE. UBS Group upped their price objective on Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lowered Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Cantor Fitzgerald reiterated a “neutral” rating and set a $130.00 target price on shares of Expedia Group in a research note on Monday, October 7th. Benchmark raised their price target on shares of Expedia Group from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. 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 report on Friday, November 22nd. Twenty analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Expedia Group has an average rating of “Hold” and an average target price of $167.67.

Expedia Group Stock Performance

Shares of NASDAQ EXPE opened at $184.92 on Thursday. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $190.40. The firm 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 stock has a fifty day moving average price of $162.14 and a two-hundred day moving average price of $138.64. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73.

Insider Activity at Expedia Group

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 transaction of $1,273,930.00. Following the completion of the sale, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $2,035,922.13. This represents a 38.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm’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 sale, the director now owns 198,505 shares of the company’s stock, valued at $29,811,480.90. The trade was a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,951 shares of company stock valued at $6,197,710 over the last 90 days. 6.80% of the stock is currently owned by corporate insiders.

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.