Cornercap Investment Counsel Inc. Has $1.64 Million Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Cornercap Investment Counsel Inc. lowered its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 30.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 11,055 shares of the online travel company’s stock after selling 4,833 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Expedia Group were worth $1,636,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Innealta Capital LLC bought a new stake in Expedia Group during the 2nd quarter worth $27,000. Blue Trust Inc. grew its holdings in Expedia Group by 93.8% during the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after acquiring an additional 105 shares during the last quarter. Crewe Advisors LLC acquired a new position in Expedia Group in the 1st quarter valued at approximately $40,000. Venturi Wealth Management LLC raised its stake in shares of Expedia Group by 709.8% during the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after acquiring an additional 291 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in shares of Expedia Group during the first quarter worth $48,000. Institutional investors own 90.76% of the company’s stock.

Insider Activity

In related news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Friday, September 27th. The shares were sold at an average price of $150.21, for a total value of $1,502,100.00. Following the transaction, the director now directly owns 208,505 shares of the company’s stock, valued at $31,319,536.05. The trade was a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $134.60, for a total transaction of $729,128.20. Following the sale, the insider now owns 84,543 shares of the company’s stock, valued at $11,379,487.80. This represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,417 shares of company stock worth $5,301,728. 6.80% of the stock is currently owned by corporate insiders.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $182.26 on Friday. The firm has a market capitalization of $23.73 billion, a P/E ratio of 23.46, a P/E/G ratio of 0.71 and a beta of 1.78. The company has a quick ratio of 0.76, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. The stock’s 50-day simple moving average is $152.53 and its two-hundred day simple moving average is $134.43. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month high of $190.40.

Wall Street Analysts Forecast Growth

EXPE has been the subject of several analyst reports. Jefferies Financial Group raised their target price on Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Oppenheimer increased their target price on Expedia Group from $155.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Royal Bank of Canada reissued a “sector perform” rating and set a $140.00 price objective on shares of Expedia Group in a report on Friday, August 9th. Cantor Fitzgerald restated a “neutral” rating and issued a $130.00 target price on shares of Expedia Group in a report on Monday, October 7th. Finally, Piper Sandler reiterated a “neutral” rating and set a $140.00 price target (down previously from $145.00) on shares of Expedia Group in a report on Friday, August 9th. Nineteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $162.68.

Expedia Group Company Profile

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.