Expedia Group, Inc. (NASDAQ:EXPE) Shares Acquired by Bridgewater Associates LP

Bridgewater Associates LP increased its position in Expedia Group, Inc. (NASDAQ:EXPE) by 21.2% in the third quarter, Holdings Channel reports. The firm owned 492,719 shares of the online travel company’s stock after purchasing an additional 86,256 shares during the quarter. Bridgewater Associates LP’s holdings in Expedia Group were worth $72,932,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Innealta Capital LLC acquired a new position in Expedia Group in the second quarter valued at 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 valued at $30,000 after acquiring an additional 105 shares during the period. LRI Investments LLC acquired a new position in Expedia Group in the first quarter valued at approximately $48,000. 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 valued at $49,000 after acquiring an additional 291 shares during the period. Finally, Brooklyn Investment Group bought a new stake in shares of Expedia Group during the third quarter valued at approximately $51,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EXPE has been the topic of a number of recent analyst reports. Wedbush lifted their price target on Expedia Group from $130.00 to $180.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Benchmark lifted their price target on Expedia Group from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 8th. Barclays lifted their price target on Expedia Group from $134.00 to $153.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. 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. Finally, Oppenheimer lifted their price target on Expedia Group from $155.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Twenty analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Expedia Group currently has an average rating of “Hold” and an average price target of $167.67.

Expedia Group Trading Up 1.2 %

NASDAQ EXPE opened at $186.28 on Wednesday. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month high of $190.40. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market cap of $23.91 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 0.72 and a beta of 1.78. The firm’s 50 day moving average price is $161.24 and its two-hundred day moving average price is $138.31.

Insiders Place Their Bets

In related news, 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 value of $1,273,930.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert J. Dzielak sold 1,951 shares of Expedia Group stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total transaction of $351,180.00. Following the completion of the sale, the insider now directly owns 85,250 shares of the company’s stock, valued at approximately $15,345,000. The trade was a 2.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,951 shares of company stock worth $6,197,710. Corporate insiders own 6.80% of the company’s stock.

Expedia Group Company 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.