Pacer Advisors Inc. Has $481.17 Million Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Pacer Advisors Inc. lifted its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 22.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,250,710 shares of the online travel company’s stock after purchasing an additional 596,510 shares during the period. Expedia Group accounts for approximately 1.0% of Pacer Advisors Inc.’s holdings, making the stock its 19th largest holding. Pacer Advisors Inc. owned about 2.50% of Expedia Group worth $481,170,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EXPE. Innealta Capital LLC bought a new position in shares of Expedia Group in the 2nd quarter worth $27,000. Blue Trust Inc. lifted its holdings in 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 in the last quarter. Crewe Advisors LLC bought a new position in Expedia Group during the first quarter worth about $40,000. LRI Investments LLC bought a new position in Expedia Group during the first quarter worth about $48,000. Finally, Venturi Wealth Management LLC lifted its holdings in Expedia Group by 709.8% during the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after acquiring an additional 291 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Piper Sandler reiterated a “neutral” rating and set a $140.00 target price (down from $145.00) on shares of Expedia Group in a report on Friday, August 9th. Barclays lifted their target price on Expedia Group from $134.00 to $153.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Wells Fargo & Company lifted their target price on Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Cantor Fitzgerald reiterated a “neutral” rating and set a $130.00 target price on shares of Expedia Group in a report on Monday, October 7th. Finally, StockNews.com lowered Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 9th. Nineteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $164.88.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $179.10 on Thursday. The business’s 50 day moving average price is $157.30 and its two-hundred day moving average price is $136.14. The company has a market cap of $22.99 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 0.69 and a beta of 1.78. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month high of $190.40.

Insiders Place Their Bets

In other news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the completion of the sale, the director now owns 208,505 shares in the company, valued at $31,319,536.05. The trade was a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Lance A. Soliday sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was 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 of the company’s stock, valued at approximately $2,035,922.13. This represents a 38.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,000 shares of company stock valued at $5,846,530 over the last 90 days. 6.80% of the stock is currently owned by 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.