Wellington Management Group LLP Acquires 252 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Wellington Management Group LLP boosted its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 2.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 10,460 shares of the online travel company’s stock after purchasing an additional 252 shares during the quarter. Wellington Management Group LLP’s holdings in Expedia Group were worth $1,548,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. grew its holdings in Expedia Group by 8.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,327 shares of the online travel company’s stock worth $545,000 after buying an additional 339 shares in the last quarter. Blue Trust Inc. grew its stake in shares of 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 acquiring an additional 105 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of Expedia Group during the second quarter valued at about $109,000. Banque Pictet & Cie SA lifted its position in shares of Expedia Group by 23.3% during the second quarter. Banque Pictet & Cie SA now owns 74,402 shares of the online travel company’s stock valued at $9,374,000 after purchasing an additional 14,038 shares in the last quarter. Finally, Institute for Wealth Management LLC. bought a new stake in Expedia Group in the 2nd quarter worth about $274,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on EXPE shares. DA Davidson boosted their target price on Expedia Group from $135.00 to $190.00 and gave the stock a “neutral” rating in a research note on Monday, November 18th. Susquehanna boosted their price objective on Expedia Group from $145.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $130.00 target price on shares of Expedia Group in a research report on Monday, October 7th. TD Cowen downgraded shares of Expedia Group from a “buy” rating to a “hold” rating and boosted their price target for the stock from $130.00 to $150.00 in a report on Wednesday, September 25th. Finally, Wedbush raised their price objective on shares of Expedia Group from $130.00 to $180.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Twenty investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Expedia Group presently has an average rating of “Hold” and an average price target of $169.70.

Expedia Group Stock Down 2.4 %

EXPE opened at $176.23 on Thursday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $192.34. The firm has a market capitalization of $22.62 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 1.07 and a beta of 1.84. The company has a fifty day moving average price of $173.47 and a 200-day moving average price of $146.37.

Insider Buying and Selling

In other news, CAO Lance A. Soliday sold 7,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at approximately $2,035,922.13. The trade was a 38.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now owns 198,505 shares in the company, 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 sold a total of 38,951 shares of company stock worth $6,197,710 over the last ninety days. 6.80% of the stock is owned by corporate insiders.

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.