Crewe Advisors LLC Trims Position in Expedia Group, Inc. (NASDAQ:EXPE)

Crewe Advisors LLC decreased its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 34.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 191 shares of the online travel company’s stock after selling 100 shares during the quarter. Crewe Advisors LLC’s holdings in Expedia Group were worth $28,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Empirical Finance LLC lifted its position in shares of Expedia Group by 1.3% in the 3rd quarter. Empirical Finance LLC now owns 4,754 shares of the online travel company’s stock worth $704,000 after purchasing an additional 63 shares during the period. Venture Visionary Partners LLC boosted its position in Expedia Group by 0.6% during the 3rd quarter. Venture Visionary Partners LLC now owns 11,367 shares of the online travel company’s stock valued at $1,683,000 after acquiring an additional 64 shares in the last quarter. GHE LLC grew its holdings in shares of Expedia Group by 1.0% during the 3rd quarter. GHE LLC now owns 6,689 shares of the online travel company’s stock worth $980,000 after acquiring an additional 69 shares during the period. AdvisorShares Investments LLC raised its position in shares of Expedia Group by 7.1% in the 2nd quarter. AdvisorShares Investments LLC now owns 1,517 shares of the online travel company’s stock worth $186,000 after acquiring an additional 100 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its stake in shares of Expedia Group by 5.2% in the 3rd quarter. Bleakley Financial Group LLC now owns 2,076 shares of the online travel company’s stock valued at $307,000 after purchasing an additional 102 shares during the period. Institutional investors own 90.76% of the company’s stock.

Insider Activity

In other news, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value 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 $15,345,000. This represents a 2.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Lance A. Soliday sold 7,000 shares of the business’s stock in a transaction dated 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 owns 11,187 shares in the company, valued at $2,035,922.13. The trade was a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,951 shares of company stock valued at $6,197,710 in the last 90 days. Company insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EXPE. Truist Financial began coverage on Expedia Group in a report on Friday, September 6th. They issued a “hold” rating and a $148.00 price objective for the company. Wells Fargo & Company increased their price target on shares of Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. boosted their price objective 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. Bank of America raised their target price on shares of Expedia Group from $144.00 to $166.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, TD Cowen downgraded Expedia Group from a “buy” rating to a “hold” rating and upped their price target for the stock from $130.00 to $150.00 in a research note on Wednesday, September 25th. Twenty investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $165.46.

Expedia Group Stock Performance

EXPE opened at $184.92 on Monday. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $190.40. The company has a market cap of $23.73 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 0.72 and a beta of 1.78. 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 company’s 50 day moving average is $159.31 and its 200 day moving average is $137.29.

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.