Quantbot Technologies LP Buys 11,687 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Quantbot Technologies LP lifted its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 141.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,936 shares of the online travel company’s stock after purchasing an additional 11,687 shares during the quarter. Quantbot Technologies LP’s holdings in Expedia Group were worth $2,951,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in EXPE. Innealta Capital LLC bought a new stake in shares of Expedia Group during the 2nd quarter valued at approximately $27,000. Blue Trust Inc. grew its holdings in Expedia Group by 93.8% during the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after acquiring an additional 105 shares during the last quarter. LRI Investments LLC bought a new stake in Expedia Group during the 1st quarter worth approximately $48,000. Venturi Wealth Management LLC grew its holdings in Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after acquiring an additional 291 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in Expedia Group during the 2nd quarter worth approximately $65,000. 90.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Expedia Group

In other news, CAO Lance A. Soliday sold 7,000 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $181.99, for a total value of $1,273,930.00. Following the completion of the sale, the chief accounting officer now owns 11,187 shares in the company, valued at $2,035,922.13. This represents a 38.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 198,505 shares of the company’s stock, valued at approximately $29,811,480.90. The trade was a 4.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,951 shares of company stock worth $6,197,710. 6.80% of the stock is owned by corporate insiders.

Expedia Group Stock Performance

Shares of EXPE stock opened at $184.92 on Thursday. The firm has a market capitalization of $23.73 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 0.72 and a beta of 1.78. The firm has a fifty day simple moving average of $162.14 and a two-hundred day simple moving average of $138.64. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $190.40.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on EXPE shares. Cantor Fitzgerald reissued a “neutral” rating and set a $130.00 target price on shares of Expedia Group in a report on Monday, October 7th. Wedbush boosted their target price on shares of Expedia Group from $130.00 to $180.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. TD Cowen lowered shares of Expedia Group from a “buy” rating to a “hold” rating and boosted their target price for the stock from $130.00 to $150.00 in a report on Wednesday, September 25th. Robert W. Baird initiated coverage on shares of Expedia Group in a report on Wednesday. They set an “outperform” rating and a $225.00 target price on the stock. Finally, StockNews.com downgraded shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 9th. Twenty research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $167.67.

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.