Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Robeco Institutional Asset Management B.V. (2024)

Posted by Sean Solarzano on May 18th, 2024

Robeco Institutional Asset Management B.V. decreased its stake in Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 58.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 214,431 shares of the online travel company’s stock after selling 300,860 shares during the period. Robeco Institutional Asset Management B.V. owned 0.15% of Expedia Group worth $32,548,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp grew its position in shares of Expedia Group by 18.0% during the third quarter. Fifth Third Bancorp now owns 5,472 shares of the online travel company’s stock worth $564,000 after acquiring an additional 834 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Expedia Group by 109.5% in the third quarter. Teacher Retirement System of Texas now owns 107,780 shares of the online travel company’s stock valued at $11,109,000 after purchasing an additional 56,330 shares during the period. Wealthfront Advisers LLC raised its holdings in shares of Expedia Group by 26.9% in the third quarter. Wealthfront Advisers LLC now owns 4,641 shares of the online travel company’s stock valued at $478,000 after buying an additional 985 shares during the last quarter. New Mexico Educational Retirement Board boosted its stake in shares of Expedia Group by 2.8% during the third quarter. New Mexico Educational Retirement Board now owns 7,378 shares of the online travel company’s stock worth $760,000 after buying an additional 200 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Expedia Group by 46.7% during the third quarter. Daiwa Securities Group Inc. now owns 29,361 shares of the online travel company’s stock worth $3,026,000 after buying an additional 9,348 shares during the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Stock Up 0.5 %

Expedia Group stock traded up $0.56 during midday trading on Friday, hitting $114.01. 3,054,747 shares of the stock were exchanged, compared to its average volume of 3,255,383. Expedia Group, Inc. has a 1 year low of $92.00 and a 1 year high of $160.05. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market cap of $15.54 billion, a P/E ratio of 21.35, a P/E/G ratio of 0.42 and a beta of 1.83. The company has a 50 day moving average price of $129.42 and a two-hundred day moving average price of $136.15.

Wall Street Analysts Forecast Growth

EXPE has been the subject of a number of analyst reports. Evercore ISI cut their price objective on shares of Expedia Group from $190.00 to $175.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $145.00 price objective on shares of Expedia Group in a report on Wednesday. Wells Fargo & Company dropped their target price on Expedia Group from $149.00 to $137.00 and set an “equal weight” rating on the stock in a research report on Friday, May 3rd. Benchmark reissued a “buy” rating and issued a $180.00 price target on shares of Expedia Group in a report on Friday, May 3rd. Finally, Susquehanna reaffirmed a “neutral” rating and set a $125.00 price objective on shares of Expedia Group in a report on Wednesday. Sixteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Expedia Group currently has a consensus rating of “Hold” and an average price target of $149.12.

View Our Latest Research Report on Expedia Group

Insider Transactions at Expedia Group

In other news, CAO Lance A. Soliday sold 5,119 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total transaction of $702,377.99. Following the completion of the transaction, the chief accounting officer now directly owns 10,880 shares in the company, valued at approximately $1,492,844.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Craig A. Jacobson sold 6,722 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total value of $757,636.62. Following the completion of the sale, the director now directly owns 32,620 shares of the company’s stock, valued at $3,676,600.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Lance A. Soliday sold 5,119 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total value of $702,377.99. Following the transaction, the chief accounting officer now directly owns 10,880 shares in the company, valued at approximately $1,492,844.80. The disclosure for this sale can be found here. Corporate insiders own 8.07% of the company’s stock.

Expedia Group Profile

(Free Report)

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