Ossiam Sells 57,654 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Ossiam reduced its stake in Expedia Group, Inc. (NASDAQ:EXPEFree Report) by 84.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,758 shares of the online travel company’s stock after selling 57,654 shares during the period. Ossiam’s holdings in Expedia Group were worth $1,633,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in Expedia Group during the fourth quarter worth $334,632,000. Kodai Capital Management LP bought a new stake in Expedia Group during the fourth quarter worth $38,072,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Expedia Group by 242.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 262,519 shares of the online travel company’s stock worth $27,058,000 after purchasing an additional 185,880 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its stake in Expedia Group by 119.8% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 302,596 shares of the online travel company’s stock worth $31,189,000 after purchasing an additional 164,919 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Expedia Group by 24.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 767,709 shares of the online travel company’s stock worth $116,541,000 after purchasing an additional 151,993 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on EXPE shares. Benchmark restated a “buy” rating and set a $180.00 target price on shares of Expedia Group in a research note on Friday, May 3rd. DA Davidson reiterated a “neutral” rating and set a $135.00 price target (down from $152.00) on shares of Expedia Group in a report on Friday, May 3rd. B. Riley lowered their price target on shares of Expedia Group from $200.00 to $190.00 and set a “buy” rating for the company in a report on Friday, May 3rd. TD Cowen lowered their price target on shares of Expedia Group from $165.00 to $130.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Finally, Wells Fargo & Company lowered their price target on shares of Expedia Group from $149.00 to $137.00 and set an “equal weight” rating for the company in a report on Friday, May 3rd. Sixteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Expedia Group has an average rating of “Hold” and an average price target of $148.12.

Read Our Latest Stock Report on Expedia Group

Expedia Group Stock Performance

Shares of EXPE opened at $123.38 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 2.93. The stock has a market capitalization of $16.82 billion, a P/E ratio of 23.10, a price-to-earnings-growth ratio of 0.46 and a beta of 1.79. The firm’s fifty day simple moving average is $122.27 and its two-hundred day simple moving average is $135.71. Expedia Group, Inc. has a 12 month low of $92.48 and a 12 month high of $160.05.

Expedia Group (NASDAQ:EXPEGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The online travel company reported ($0.39) EPS for the quarter, beating analysts’ consensus estimates of ($0.96) by $0.57. The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. As a group, analysts predict that Expedia Group, Inc. will post 9.33 EPS for the current year.

Insider Buying and Selling at Expedia Group

In other news, Director Craig A. Jacobson sold 6,722 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $112.71, for a total transaction of $757,636.62. Following the transaction, the director now owns 32,620 shares of the company’s stock, valued at approximately $3,676,600.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Lance A. Soliday sold 544 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $113.38, for a total transaction of $61,678.72. Following the transaction, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at approximately $1,268,382.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Craig A. Jacobson sold 6,722 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total transaction of $757,636.62. Following the transaction, the director now directly owns 32,620 shares in the company, valued at approximately $3,676,600.20. The disclosure for this sale can be found here. Insiders own 8.07% of the company’s stock.

Expedia Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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