Empowered Funds LLC Lowers Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Empowered Funds LLC cut its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 1.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,382 shares of the online travel company’s stock after selling 885 shares during the quarter. Empowered Funds LLC’s holdings in Expedia Group were worth $8,198,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Innealta Capital LLC acquired a new position in Expedia Group in the 2nd quarter worth approximately $27,000. Blue Trust Inc. increased its position in shares of 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 buying an additional 105 shares in the last quarter. Crewe Advisors LLC acquired a new position in Expedia Group during the first quarter worth $40,000. LRI Investments LLC acquired a new stake in Expedia Group in the 1st quarter worth about $48,000. Finally, Cedar Wealth Management LLC purchased a new position in Expedia Group in the 1st quarter valued at $49,000. Institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Performance

EXPE stock opened at $181.35 on Friday. The company has a market capitalization of $23.61 billion, a price-to-earnings ratio of 23.34, a P/E/G ratio of 0.71 and a beta of 1.78. The firm has a 50 day moving average of $154.45 and a two-hundred day moving average of $135.07. The company has a quick ratio of 0.76, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $190.40.

Analyst Ratings Changes

EXPE has been the topic of several recent research reports. JPMorgan Chase & Co. upped their target price on shares of Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Jefferies Financial Group boosted their price target on Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Piper Sandler reissued a “neutral” rating and issued a $140.00 price target (down from $145.00) on shares of Expedia Group in a report on Friday, August 9th. DA Davidson reissued a “neutral” rating and issued a $135.00 price target on shares of Expedia Group in a research note on Friday, August 9th. Finally, UBS Group raised their target price on shares of Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Nineteen 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, Expedia Group currently has a consensus rating of “Hold” and a consensus price target of $162.68.

Insider Buying and Selling

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $156.87, for a total value of $1,568,700.00. Following the sale, the director now owns 188,505 shares of the company’s stock, valued at $29,570,779.35. This trade represents a 5.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the transaction, the insider now owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. This trade represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,417 shares of company stock worth $5,301,728. Corporate insiders own 6.80% of the company’s stock.

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.