MetLife Investment Management LLC Cuts Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

MetLife Investment Management LLC lowered its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 3.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,198 shares of the online travel company’s stock after selling 1,514 shares during the quarter. MetLife Investment Management LLC’s holdings in Expedia Group were worth $5,654,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Pacer Advisors Inc. increased its holdings in shares of Expedia Group by 22.5% in the third quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock worth $481,170,000 after purchasing an additional 596,510 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Expedia Group by 9.4% during the 3rd quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock worth $250,078,000 after acquiring an additional 144,579 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Expedia Group by 14.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,054,485 shares of the online travel company’s stock valued at $132,851,000 after acquiring an additional 135,973 shares during the last quarter. AustralianSuper Pty Ltd increased its position in Expedia Group by 8.5% in the third quarter. AustralianSuper Pty Ltd now owns 817,592 shares of the online travel company’s stock worth $121,020,000 after purchasing an additional 64,332 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in Expedia Group by 13.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 649,716 shares of the online travel company’s stock valued at $96,171,000 after purchasing an additional 75,120 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Down 0.2 %

NASDAQ:EXPE opened at $184.62 on Friday. The company’s 50-day simple moving average is $163.80 and its 200-day simple moving average is $139.64. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market capitalization of $23.70 billion, a P/E ratio of 23.76, a P/E/G ratio of 0.73 and a beta of 1.78. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $190.40.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EXPE. Morgan Stanley increased their price target on shares of Expedia Group from $150.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, November 22nd. Wedbush raised their price objective on Expedia Group from $130.00 to $180.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Royal Bank of Canada restated a “sector perform” rating and set a $140.00 price target on shares of Expedia Group in a report on Friday, August 9th. Wells Fargo & Company lifted their price objective 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. Finally, Barclays increased their target price on shares of Expedia Group from $134.00 to $153.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Twenty investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $167.67.

Insiders Place Their Bets

In related news, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was 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 directly owns 11,187 shares in the company, valued at approximately $2,035,922.13. This represents a 38.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on 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 completion of the sale, the director now owns 198,505 shares in the company, valued at $29,811,480.90. This represents a 4.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,951 shares of company stock valued at $6,197,710 over the last ninety days. Company 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.