Van ECK Associates Corp Makes New Investment in Expedia Group, Inc. (NASDAQ:EXPE)

Van ECK Associates Corp acquired a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,153 shares of the online travel company’s stock, valued at approximately $189,000.

Other large investors have also recently bought and sold shares of the company. California Public Employees Retirement System lifted its stake in shares of Expedia Group by 20.6% in the 3rd quarter. California Public Employees Retirement System now owns 336,910 shares of the online travel company’s stock valued at $31,565,000 after purchasing an additional 57,600 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Expedia Group by 95.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 12,528 shares of the online travel company’s stock valued at $1,174,000 after buying an additional 6,128 shares in the last quarter. Oarsman Capital Inc. bought a new position in Expedia Group during the 3rd quarter worth about $228,000. Greenleaf Trust bought a new position in Expedia Group during the 3rd quarter worth about $205,000. Finally, Allstate Corp bought a new position in Expedia Group during the 3rd quarter worth about $871,000. Institutional investors and hedge funds own 89.89% of the company’s stock.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $95.23 on Thursday. The firm has a market cap of $14.11 billion, a PE ratio of 48.34, a price-to-earnings-growth ratio of 1.24 and a beta of 1.60. The firm’s fifty day moving average is $93.19 and its 200-day moving average is $98.54. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.83 and a current ratio of 0.83. Expedia Group, Inc. has a 52 week low of $82.39 and a 52 week high of $135.42.

Analysts Set New Price Targets

A number of research firms have issued reports on EXPE. Morgan Stanley increased their target price on Expedia Group from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Monday, February 27th. Gordon Haskett upgraded Expedia Group from a “hold” rating to a “buy” rating in a report on Tuesday. Oppenheimer raised their price objective on Expedia Group from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, February 10th. DA Davidson decreased their price objective on Expedia Group from $121.00 to $109.00 in a report on Friday, May 5th. Finally, UBS Group raised their target price on shares of Expedia Group from $108.00 to $125.00 and gave the company a “neutral” rating in a research note on Tuesday, January 24th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $131.70.

Insider Activity at Expedia Group

In related news, CAO Lance A. Soliday sold 5,387 shares of the business’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $106.99, for a total value of $576,355.13. Following the transaction, the chief accounting officer now owns 9,270 shares in the company, valued at $991,797.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CAO Lance A. Soliday sold 462 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $91.66, for a total transaction of $42,346.92. Following the completion of the sale, the chief accounting officer now directly owns 9,517 shares of the company’s stock, valued at $872,328.22. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Lance A. Soliday sold 5,387 shares of the business’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $106.99, for a total transaction of $576,355.13. Following the sale, the chief accounting officer now directly owns 9,270 shares of the company’s stock, valued at $991,797.30. The disclosure for this sale can be found here. 8.07% of the stock is owned by company insiders.

Expedia Group Profile

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Expedia Group, Inc is an online travel company, which engages in the provision of travel products and services to leisure and corporate travelers. It operates through the following segments: Retail, B2B, and Trivago. The Retail segment provides a full range of travel and advertising services to worldwide customers through a variety of consumer brands including: Expedia.com and Hotels.com.