Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 10.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,612 shares of the online travel company’s stock after selling 15,495 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of Expedia Group worth $16,330,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. ValueAct Holdings L.P. purchased a new position in Expedia Group in the fourth quarter valued at about $645,346,000. Norges Bank bought a new position in shares of Expedia Group during the fourth quarter worth about $334,632,000. Lyrical Asset Management LP grew its stake in Expedia Group by 0.8% in the fourth quarter. Lyrical Asset Management LP now owns 1,796,068 shares of the online travel company’s stock worth $272,625,000 after purchasing an additional 13,792 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Expedia Group by 4.3% in the fourth quarter. Fisher Asset Management LLC now owns 1,439,626 shares of the online travel company’s stock valued at $218,521,000 after buying an additional 59,530 shares during the last quarter. Finally, Clearbridge Investments LLC raised its stake in Expedia Group by 3.1% during the first quarter. Clearbridge Investments LLC now owns 971,327 shares of the online travel company’s stock valued at $133,800,000 after buying an additional 29,294 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. B. Riley dropped their price target on Expedia Group from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $140.00 price target on shares of Expedia Group in a report on Friday, August 9th. DA Davidson reiterated a “neutral” rating and set a $135.00 price objective on shares of Expedia Group in a research note on Friday, August 9th. Wedbush increased their price target on Expedia Group from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Finally, Susquehanna boosted their price objective on Expedia Group from $125.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Sixteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Expedia Group presently has a consensus rating of “Hold” and a consensus price target of $148.75.

Insider Activity at Expedia Group

In other news, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the sale, the insider now directly owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of Expedia Group stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the sale, the insider now owns 89,960 shares in the company, valued at $11,829,740. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $134.60, for a total transaction of $729,128.20. Following the transaction, the insider now directly owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,563 shares of company stock worth $2,447,970. 8.07% of the stock is owned by insiders.

Expedia Group Stock Up 4.3 %

Expedia Group stock traded up $5.67 during mid-day trading on Friday, hitting $138.79. 815,956 shares of the company’s stock were exchanged, compared to its average volume of 2,401,606. Expedia Group, Inc. has a 1-year low of $92.48 and a 1-year high of $160.05. The stock has a 50 day moving average of $127.39 and a two-hundred day moving average of $128.43. The stock has a market cap of $18.92 billion, a P/E ratio of 24.93, a P/E/G ratio of 0.46 and a beta of 1.78. 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 (NASDAQ:EXPE) last announced its earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.17 by $0.34. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. The firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same quarter in the prior year, the business earned $2.34 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. As a group, analysts anticipate that Expedia Group, Inc. will post 9.28 EPS for the current fiscal year.

Expedia Group 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.