Clearbridge Investments LLC Has $142.99 Million Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Clearbridge Investments LLC lowered its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 942,033 shares of the online travel company's stock after selling 7,390 shares during the period. Clearbridge Investments LLC owned approximately 0.68% of Expedia Group worth $142,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Expedia Group during the fourth quarter valued at about $334,632,000. FUKOKU MUTUAL LIFE INSURANCE Co purchased a new stake in Expedia Group in the fourth quarter valued at approximately $211,000. Brown Advisory Inc. lifted its stake in Expedia Group by 1.5% during the fourth quarter. Brown Advisory Inc. now owns 33,768 shares of the online travel company's stock worth $5,126,000 after purchasing an additional 511 shares in the last quarter. WT Wealth Management purchased a new position in shares of Expedia Group during the fourth quarter worth $1,152,000. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of Expedia Group in the fourth quarter valued at $212,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EXPE has been the topic of several research reports. DA Davidson reissued a "neutral" rating and set a $135.00 target price (down previously from $152.00) on shares of Expedia Group in a research note on Friday, May 3rd. Royal Bank of Canada lowered their price objective on shares of Expedia Group from $155.00 to $140.00 and set a "sector perform" rating for the company in a research note on Friday, May 3rd. HSBC cut their target price on shares of Expedia Group from $166.00 to $132.00 and set a "hold" rating on the stock in a research note on Tuesday, May 7th. Piper Sandler cut shares of Expedia Group from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $175.00 to $145.00 in a research report on Friday, May 3rd. Finally, Mizuho cut their price objective on Expedia Group from $140.00 to $135.00 and set a "neutral" rating on the stock in a research report on Friday, May 3rd. Sixteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $148.12.

Insiders Place Their Bets

In related news, Director Craig A. Jacobson sold 6,722 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $112.71, for a total transaction of $757,636.62. Following the completion of the sale, the director now owns 32,620 shares in the company, valued at approximately $3,676,600.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction, the director now owns 32,620 shares in the company, valued at approximately $3,676,600.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, the chief accounting officer now directly owns 10,880 shares of the company's stock, valued at $1,492,844.80. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by corporate insiders.

Expedia Group Stock Performance

Shares of Expedia Group stock traded down $2.61 on Tuesday, hitting $111.71. The stock had a trading volume of 2,552,117 shares, compared to its average volume of 2,652,209. The stock has a market cap of $15.22 billion, a price-to-earnings ratio of 20.92, a P/E/G ratio of 0.43 and a beta of 1.83. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 2.93. Expedia Group, Inc. has a 52-week low of $92.00 and a 52-week high of $160.05. The company's 50 day moving average price is $128.47 and its 200 day moving average price is $136.87.

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.