Cypress Capital Group Cuts Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Cypress Capital Group decreased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,375 shares of the online travel company’s stock after selling 130 shares during the quarter. Cypress Capital Group’s holdings in Expedia Group were worth $944,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Innealta Capital LLC purchased a new stake in Expedia Group in the second quarter worth approximately $27,000. Blue Trust Inc. boosted its stake in Expedia Group by 93.8% in the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after buying an additional 105 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Expedia Group by 709.8% in the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after buying an additional 291 shares in the last quarter. LRI Investments LLC purchased a new stake in Expedia Group in the first quarter worth approximately $48,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in Expedia Group in the third quarter worth approximately $74,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Analysts Set New Price Targets

EXPE has been the subject of several research reports. DA Davidson upped 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. Piper Sandler reiterated a “neutral” rating and issued a $140.00 price objective (down previously from $145.00) on shares of Expedia Group in a research report on Friday, August 9th. BTIG Research boosted their price objective on Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, November 8th. StockNews.com downgraded Expedia Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 9th. Finally, UBS Group boosted their price objective on Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Nineteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $164.88.

Insider Buying and Selling

In related news, CAO Lance A. Soliday sold 7,000 shares of Expedia Group stock in a transaction dated 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 completion of the sale, the chief accounting officer now directly owns 11,187 shares in the company, valued at approximately $2,035,922.13. This trade represents a 38.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $150.18, for a total value of $1,501,800.00. Following the sale, the director now owns 198,505 shares of the company’s stock, valued at approximately $29,811,480.90. This represents a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,000 shares of company stock worth $5,846,530. 6.80% of the stock is owned by corporate insiders.

Expedia Group Price Performance

NASDAQ EXPE opened at $183.51 on Friday. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $190.40. The stock has a 50-day moving average of $158.33 and a 200 day moving average of $136.47. The company has a market capitalization of $23.55 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 0.69 and a beta of 1.78. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73.

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.