CIBC Asset Management Inc Acquires 1,163 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

CIBC Asset Management Inc increased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 6.8% in the third quarter, Holdings Channel.com reports. The fund owned 18,355 shares of the online travel company’s stock after buying an additional 1,163 shares during the quarter. CIBC Asset Management Inc’s holdings in Expedia Group were worth $2,717,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Innealta Capital LLC bought a new stake in shares of Expedia Group during the second quarter worth $27,000. Blue Trust Inc. increased its position in shares of Expedia Group by 93.8% during the second 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 period. Crewe Advisors LLC bought a new stake in shares of Expedia Group during the first quarter valued at approximately $40,000. LRI Investments LLC bought a new position in Expedia Group in the first quarter worth approximately $48,000. Finally, Venturi Wealth Management LLC raised its position 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 valued at $49,000 after purchasing an additional 291 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $140.00 price objective on shares of Expedia Group in a research note on Friday, August 9th. Cantor Fitzgerald reissued a “neutral” rating and issued a $130.00 price objective on shares of Expedia Group in a research note on Monday, October 7th. JPMorgan Chase & Co. lifted their price target on Expedia Group from $135.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, November 8th. DA Davidson upped their price objective on Expedia Group from $135.00 to $190.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Susquehanna lifted their target price on Expedia Group from $145.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Nineteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $164.88.

Insider Transactions at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the sale, the director now directly owns 208,505 shares of the company’s stock, valued at approximately $31,319,536.05. This represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Lance A. Soliday sold 7,000 shares of Expedia Group stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the completion of the transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $2,035,922.13. The trade was a 38.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,000 shares of company stock worth $5,846,530 over the last quarter. 6.80% of the stock is currently owned by insiders.

Expedia Group Trading Down 1.9 %

NASDAQ EXPE opened at $177.06 on Wednesday. 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. The company has a market capitalization of $22.73 billion, a PE ratio of 22.79, a P/E/G ratio of 0.71 and a beta of 1.78. The company has a fifty day moving average of $156.32 and a 200 day moving average of $135.83.

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.