Independent Advisor Alliance Sells 494 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Independent Advisor Alliance lessened its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 20.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,873 shares of the online travel company’s stock after selling 494 shares during the quarter. Independent Advisor Alliance’s holdings in Expedia Group were worth $277,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in EXPE. Harvest Fund Management Co. Ltd boosted its stake in shares of Expedia Group by 87.2% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 3,168 shares of the online travel company’s stock worth $469,000 after buying an additional 1,476 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Expedia Group by 9.4% in the third quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock valued at $250,078,000 after buying an additional 144,579 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Expedia Group by 7.9% during the third quarter. Daiwa Securities Group Inc. now owns 17,310 shares of the online travel company’s stock worth $2,562,000 after buying an additional 1,262 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in Expedia Group in the third quarter valued at $383,000. Finally, Okabena Investment Services Inc. lifted its stake in Expedia Group by 10.5% in the third quarter. Okabena Investment Services Inc. now owns 5,912 shares of the online travel company’s stock valued at $875,000 after acquiring an additional 561 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Stock Performance

Shares of Expedia Group stock opened at $184.92 on Friday. The company’s 50 day moving average price is $162.99 and its two-hundred day moving average price is $138.96. The firm has a market capitalization of $23.73 billion, a P/E ratio of 23.80, a P/E/G ratio of 0.72 and a beta of 1.78. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week 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.

Insider Activity

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $150.21, for a total value of $1,502,100.00. Following the completion of the transaction, the director now directly owns 208,505 shares in the company, valued at approximately $31,319,536.05. This trade represents a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert J. Dzielak sold 1,951 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $180.00, for a total value of $351,180.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,951 shares of company stock worth $6,197,710. Insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on EXPE shares. DA Davidson raised their target price on shares of Expedia Group from $135.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Jefferies Financial Group lifted their price objective on shares of Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company increased their price objective on shares of Expedia Group from $130.00 to $159.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Oppenheimer lifted their target price on shares of Expedia Group from $155.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Benchmark boosted their price objective on Expedia Group from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Twenty equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Expedia Group 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.