Quest Partners LLC Purchases Shares of 1,655 Expedia Group, Inc. (NASDAQ:EXPE)

Quest Partners LLC purchased a new position in Expedia Group, Inc. (NASDAQ:EXPE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,655 shares of the online travel company’s stock, valued at approximately $245,000.

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

Insider Transactions at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $150.18, for a total value of $1,501,800.00. Following the completion of the transaction, the director now directly owns 198,505 shares in the company, valued at $29,811,480.90. The trade was a 4.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Lance A. Soliday sold 7,000 shares of the 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 sale, the chief accounting officer now owns 11,187 shares in the company, valued at approximately $2,035,922.13. This represents a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,951 shares of company stock worth $6,197,710. Corporate insiders own 6.80% of the company’s stock.

Expedia Group Price Performance

EXPE opened at $186.28 on Wednesday. The firm has a market cap of $23.91 billion, a PE ratio of 23.97, a P/E/G ratio of 0.73 and a beta of 1.78. The stock has a 50-day moving average price of $161.24 and a 200-day moving average price of $138.31. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 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.

Wall Street Analyst Weigh In

EXPE has been the topic of a number of research reports. Benchmark raised their price target on Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Piper Sandler restated a “neutral” rating and issued a $140.00 target price (down previously from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. Cantor Fitzgerald reiterated a “neutral” rating and set a $130.00 price target on shares of Expedia Group in a research report on Monday, October 7th. Truist Financial started coverage on shares of Expedia Group in a report on Friday, September 6th. They issued a “hold” rating and a $148.00 price objective for the company. Finally, Morgan Stanley increased their target price on shares of Expedia Group from $150.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, November 22nd. Twenty analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $165.46.

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.