1,655 Shares in Expedia Group, Inc. (NASDAQ:EXPE) Acquired by Quest Partners LLC

Quest Partners LLC bought a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,655 shares of the online travel company’s stock, valued at approximately $245,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of EXPE. Pacer Advisors Inc. increased its position in Expedia Group by 36.8% during the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock valued at $334,403,000 after acquiring an additional 714,229 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Expedia Group by 14.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,054,485 shares of the online travel company’s stock valued at $132,851,000 after purchasing an additional 135,973 shares during the period. AustralianSuper Pty Ltd grew its stake in shares of Expedia Group by 8.5% during the 3rd quarter. AustralianSuper Pty Ltd now owns 817,592 shares of the online travel company’s stock valued at $121,020,000 after purchasing an additional 64,332 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of Expedia Group by 13.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 649,716 shares of the online travel company’s stock valued at $96,171,000 after purchasing an additional 75,120 shares during the last quarter. Finally, Equity Investment Corp lifted its stake in shares of Expedia Group by 1.4% in the 3rd quarter. Equity Investment Corp now owns 576,036 shares of the online travel company’s stock worth $85,265,000 after purchasing an additional 8,066 shares during the period. 90.76% of the stock is owned by institutional investors.

Expedia Group Trading Up 1.2 %

NASDAQ EXPE opened at $186.28 on Wednesday. The stock has a market cap of $23.91 billion, a PE ratio of 23.97, a PEG ratio of 0.73 and a beta of 1.78. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $190.40. The company’s 50-day moving average price is $161.24 and its 200-day moving average price is $138.31. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 7,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the transaction, the chief accounting officer now owns 11,187 shares in the company, valued at approximately $2,035,922.13. This trade represents a 38.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction dated 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 directly owns 198,505 shares of the company’s stock, valued at approximately $29,811,480.90. This trade represents a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,951 shares of company stock worth $6,197,710 in the last three months. Corporate insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. UBS Group upped their target price on shares of Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. 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. Oppenheimer boosted their price objective on Expedia Group from $155.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Piper Sandler restated a “neutral” rating and set a $140.00 target price (down previously from $145.00) on shares of Expedia Group in a research note on Friday, August 9th. Finally, Morgan Stanley upped their price target on shares of Expedia Group from $150.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. Twenty analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Expedia Group currently has an average rating of “Hold” and a consensus price target of $165.46.

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.