Bridgewater Associates LP Boosts Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Bridgewater Associates LP raised its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 21.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 492,719 shares of the online travel company’s stock after acquiring an additional 86,256 shares during the period. Bridgewater Associates LP owned approximately 0.38% of Expedia Group worth $72,932,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPE. Townsquare Capital LLC raised its stake in shares of Expedia Group by 31.0% during the 3rd quarter. Townsquare Capital LLC now owns 6,040 shares of the online travel company’s stock worth $894,000 after buying an additional 1,428 shares in the last quarter. Avestar Capital LLC purchased a new position in shares of Expedia Group during the 3rd quarter worth approximately $232,000. Brooklyn Investment Group purchased a new position in shares of Expedia Group during the 3rd quarter worth approximately $51,000. Quantbot Technologies LP raised its stake in shares of Expedia Group by 141.7% during the 3rd quarter. Quantbot Technologies LP now owns 19,936 shares of the online travel company’s stock worth $2,951,000 after buying an additional 11,687 shares in the last quarter. Finally, Prospector Partners LLC grew its holdings in shares of Expedia Group by 4.4% in the 3rd quarter. Prospector Partners LLC now owns 77,693 shares of the online travel company’s stock worth $11,500,000 after acquiring an additional 3,288 shares during the period. 90.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EXPE has been the topic of a number of research reports. StockNews.com cut Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 9th. Piper Sandler restated a “neutral” rating and issued a $140.00 price target (down previously from $145.00) on shares of Expedia Group in a report on Friday, August 9th. Benchmark upped their price target on Expedia Group from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft cut Expedia Group from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, Robert W. Baird initiated coverage on Expedia Group in a report on Wednesday. They set an “outperform” rating and a $225.00 target price on the stock. Twenty analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $167.67.

Insider Buying and Selling

In other news, insider Robert J. Dzielak sold 1,951 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was 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 in the company, valued at $15,345,000. This trade represents a 2.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm’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 $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 have sold 38,951 shares of company stock valued at $6,197,710. 6.80% of the stock is currently owned by company insiders.

Expedia Group Trading Up 1.2 %

Shares of EXPE opened at $186.28 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03. The firm has a market capitalization of $23.91 billion, a P/E ratio of 23.97, a price-to-earnings-growth ratio of 0.72 and a beta of 1.78. The stock’s fifty day simple moving average is $161.24 and its 200 day simple moving average is $138.31. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month high of $190.40.

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.