Nomura Asset Management Co. Ltd. Has $5.58 Million Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Nomura Asset Management Co. Ltd. lifted its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 0.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,725 shares of the online travel company’s stock after buying an additional 286 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Expedia Group were worth $5,584,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Caprock Group LLC grew its position in shares of Expedia Group by 33.7% during the 3rd quarter. Caprock Group LLC now owns 10,191 shares of the online travel company’s stock worth $1,508,000 after buying an additional 2,569 shares during the period. Cozad Asset Management Inc. grew its holdings in Expedia Group by 16.9% in the third quarter. Cozad Asset Management Inc. now owns 30,823 shares of the online travel company’s stock worth $4,562,000 after purchasing an additional 4,449 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in Expedia Group by 13.1% in the third 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 in the last quarter. Integrated Investment Consultants LLC bought a new stake in Expedia Group in the 3rd quarter valued at about $527,000. Finally, DoubleLine ETF Adviser LP bought a new stake in shares of Expedia Group during the second quarter valued at approximately $465,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EXPE shares. JPMorgan Chase & Co. increased their price target on Expedia Group from $135.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. UBS Group lifted their price target on Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft cut Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Oppenheimer raised their target price on Expedia Group from $155.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, BTIG Research boosted their target price on shares of Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Twenty investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Expedia Group presently has an average rating of “Hold” and an average price target of $167.67.

Expedia Group Price Performance

Expedia Group stock opened at $183.00 on Friday. The business has a 50-day simple moving average of $171.80 and a 200 day simple moving average of $144.68. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $192.34. The stock has a market cap of $23.49 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 1.07 and a beta of 1.84. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03.

Insider Transactions at Expedia Group

In related news, CAO Lance A. Soliday sold 7,000 shares of the company’s 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 transaction, the chief accounting officer now directly owns 11,187 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $150.21, for a total value of $1,502,100.00. Following 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,951 shares of company stock valued at $6,197,710. 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.