Gulf International Bank UK Ltd trimmed its holdings in shares of Expedia Group Inc (NASDAQ:EXPE) by 29.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,750 shares of the online travel company’s stock after selling 13,432 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Expedia Group were worth $3,576,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in EXPE. Buckley Wealth Management LLC purchased a new stake in shares of Expedia Group during the third quarter worth about $203,000. Advisor Partners LLC purchased a new stake in shares of Expedia Group during the third quarter worth about $203,000. Hilltop Holdings Inc. purchased a new stake in shares of Expedia Group during the second quarter worth about $206,000. Acadian Asset Management LLC purchased a new stake in shares of Expedia Group during the third quarter worth about $206,000. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Expedia Group during the third quarter worth about $210,000. 79.83% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:EXPE opened at $114.22 on Friday. The stock has a market capitalization of $17.10 billion, a P/E ratio of 30.70, a PEG ratio of 1.26 and a beta of 1.10. Expedia Group Inc has a one year low of $98.52 and a one year high of $139.77. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70.
In other Expedia Group news, insider Lance A. Soliday sold 3,281 shares of Expedia Group stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $119.28, for a total value of $391,357.68. Following the completion of the transaction, the insider now directly owns 7,674 shares in the company, valued at $915,354.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 20.96% of the company’s stock.
A number of analysts have recently issued reports on EXPE shares. TheStreet raised Expedia Group from a “c” rating to a “b” rating in a research report on Thursday, October 25th. Deutsche Bank dropped their target price on Expedia Group from $147.00 to $146.00 and set a “buy” rating on the stock in a research report on Tuesday, October 23rd. Oppenheimer set a $155.00 target price on Expedia Group and gave the stock a “buy” rating in a research report on Tuesday, October 23rd. Cowen set a $135.00 target price on Expedia Group and gave the stock a “buy” rating in a research report on Monday, October 22nd. Finally, Zacks Investment Research raised Expedia Group from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a research report on Monday, October 22nd. Thirteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $143.92.
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Expedia Group Profile
Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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