Allianz Asset Management GmbH significantly increased its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 97.2%, acquiring an additional 99,741 shares, bringing its total holdings to 202,360 shares valued at $43.25 million. This move is part of a larger trend of institutional buying, with major firms like Norges Bank and AQR Capital Management also increasing their positions, resulting in institutional investors owning approximately 90.76% of Expedia’s stock. Despite mixed analyst ratings, Expedia recently surpassed EPS and revenue estimates, though insiders have shown some selling activity.
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Allianz Asset Management GmbH Purchases 99,741 Shares of Expedia Group, Inc. $EXPE
Allianz Asset Management GmbH significantly increased its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 97.2%, acquiring an additional 99,741 shares, bringing its total holdings to 202,360 shares valued at $43.25 million. This move is part of a larger trend of institutional buying, with major firms like Norges Bank and AQR Capital Management also increasing their positions, resulting in institutional investors owning approximately 90.76% of Expedia’s stock. Despite mixed analyst ratings, Expedia recently surpassed EPS and revenue estimates, though insiders have shown some selling activity.