Expedia Group, Inc. (NASDAQ:EXPE) Position Reduced by Mendota Financial Group LLC

Mendota Financial Group LLC lowered its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 64.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 175 shares of the online travel company’s stock after selling 323 shares during the period. Mendota Financial Group LLC’s holdings in Expedia Group were worth $33,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Windacre Partnership LLC lifted its stake in Expedia Group by 49.5% during the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock worth $639,994,000 after purchasing an additional 1,431,500 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Expedia Group by 36.8% during the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock worth $334,403,000 after purchasing an additional 714,229 shares during the period. Alkeon Capital Management LLC lifted its position in shares of Expedia Group by 46.3% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock worth $233,349,000 after buying an additional 498,934 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Expedia Group by 1,649.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock valued at $51,354,000 after buying an additional 384,305 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Expedia Group in the 2nd quarter valued at about $39,183,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Jefferies Financial Group raised their target price on shares of Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Morgan Stanley raised their price target on Expedia Group from $180.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday. BTIG Research upped their price objective on Expedia Group from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. raised their target price on Expedia Group from $135.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, UBS Group upped their price target on shares of Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Twenty analysts have rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $175.64.

Expedia Group Stock Performance

Shares of EXPE opened at $183.19 on Wednesday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. The firm’s 50 day moving average is $183.94 and its 200-day moving average is $154.78. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $192.34. The stock has a market capitalization of $23.51 billion, a P/E ratio of 23.58, a P/E/G ratio of 1.03 and a beta of 1.83.

Insider Buying and Selling

In other news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $156.87, for a total transaction of $1,568,700.00. Following the completion of the sale, the director now owns 188,505 shares in the company, valued at approximately $29,570,779.35. This represents a 5.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of Expedia Group stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $180.00, for a total value of $351,180.00. Following the completion of the transaction, the insider now owns 85,250 shares in the company, valued at $15,345,000. The trade was a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,951 shares of company stock worth $5,045,310. 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.