Charles Schwab Investment Management Inc. Sells 83,947 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Charles Schwab Investment Management Inc. reduced its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 10.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 722,313 shares of the online travel company’s stock after selling 83,947 shares during the period. Charles Schwab Investment Management Inc. owned 0.55% of Expedia Group worth $106,917,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Empirical Finance LLC lifted its stake in Expedia Group by 1.3% in the third quarter. Empirical Finance LLC now owns 4,754 shares of the online travel company’s stock valued at $704,000 after buying an additional 63 shares during the period. Venture Visionary Partners LLC raised its position in shares of Expedia Group by 0.6% in the 3rd quarter. Venture Visionary Partners LLC now owns 11,367 shares of the online travel company’s stock valued at $1,683,000 after acquiring an additional 64 shares during the period. GHE LLC boosted its stake in Expedia Group by 1.0% during the 3rd quarter. GHE LLC now owns 6,689 shares of the online travel company’s stock worth $980,000 after acquiring an additional 69 shares during the last quarter. AdvisorShares Investments LLC grew its holdings in Expedia Group by 7.1% during the second quarter. AdvisorShares Investments LLC now owns 1,517 shares of the online travel company’s stock valued at $186,000 after purchasing an additional 100 shares during the period. Finally, Bleakley Financial Group LLC increased its stake in Expedia Group by 5.2% in the third quarter. Bleakley Financial Group LLC now owns 2,076 shares of the online travel company’s stock valued at $307,000 after purchasing an additional 102 shares in the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EXPE. Deutsche Bank Aktiengesellschaft cut shares of Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Jefferies Financial Group increased their price target on Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Susquehanna raised their price target on Expedia Group from $145.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Morgan Stanley boosted their price objective on Expedia Group from $150.00 to $180.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Piper Sandler restated a “neutral” rating and set a $140.00 target price (down from $145.00) on shares of Expedia Group in a report on Friday, August 9th. Twenty equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $165.46.

Expedia Group Stock Performance

Shares of EXPE stock opened at $184.08 on Tuesday. The stock has a market cap of $23.63 billion, a P/E ratio of 23.69, a P/E/G ratio of 0.73 and a beta of 1.78. The company has a fifty day moving average price of $160.28 and a two-hundred day moving average price of $137.80. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $190.40. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73.

Insiders Place Their Bets

In related news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the transaction, the director now directly owns 208,505 shares of the company’s stock, valued at approximately $31,319,536.05. The trade was a 4.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the completion of the sale, the insider now owns 85,250 shares in the company, valued at approximately $15,345,000. This trade represents a 2.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,951 shares of company stock valued at $6,197,710 over the last 90 days. 6.80% of the stock is currently owned by insiders.

Expedia Group Profile

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.