Cibc World Market Inc. grew its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) by 13.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 14,427 shares of the online travel company’s stock after purchasing an additional 1,683 shares during the period. Cibc World Market Inc.’s holdings in Expedia Group were worth $1,368,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXPE. Sierra Capital LLC grew its holdings in shares of Expedia Group by 817.2% in the second quarter. Sierra Capital LLC now owns 266 shares of the online travel company’s stock valued at $25,000 after acquiring an additional 237 shares in the last quarter. MCF Advisors LLC bought a new position in shares of Expedia Group in the first quarter valued at approximately $28,000. Clear Street Markets LLC grew its holdings in shares of Expedia Group by 412.9% in the second quarter. Clear Street Markets LLC now owns 318 shares of the online travel company’s stock valued at $30,000 after acquiring an additional 256 shares in the last quarter. J.W. Cole Advisors Inc. bought a new position in shares of Expedia Group in the first quarter valued at approximately $36,000. Finally, Private Ocean LLC bought a new position in shares of Expedia Group in the second quarter valued at approximately $36,000. 97.43% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on EXPE shares. Mizuho reduced their target price on Expedia Group from $132.00 to $102.00 and set a “neutral” rating for the company in a report on Friday, November 4th. StockNews.com initiated coverage on Expedia Group in a report on Wednesday, October 12th. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft increased their price objective on Expedia Group from $130.00 to $135.00 in a report on Friday, November 4th. Citigroup reduced their price objective on Expedia Group from $118.00 to $102.00 and set a “neutral” rating for the company in a report on Tuesday, November 8th. Finally, Atlantic Securities reduced their price objective on Expedia Group to $125.00 in a report on Tuesday, August 9th. Thirteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $151.64.
Expedia Group Trading Up 1.1 %
Insider Buying and Selling
In related news, CAO Lance A. Soliday sold 635 shares of the stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $100.18, for a total value of $63,614.30. Following the sale, the chief accounting officer now owns 8,949 shares in the company, valued at $896,510.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Jonathan L. Dolgen sold 1,000 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $101.55, for a total value of $101,550.00. Following the transaction, the director now owns 37,779 shares of the company’s stock, valued at $3,836,457.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Lance A. Soliday sold 635 shares of the stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $100.18, for a total value of $63,614.30. Following the completion of the transaction, the chief accounting officer now directly owns 8,949 shares in the company, valued at approximately $896,510.82. The disclosure for this sale can be found here. 7.52% of the stock is currently owned by company insiders.
Expedia Group Company Profile
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 include 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, and CheapTickets travel websites; ebookers, an online EMEA travel agent for travelers an array of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental booking service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.
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