Expedia Group, Inc. (NASDAQ:EXPE) Director Dara Khosrowshahi Sells 10,000 Shares

Expedia Group, Inc. (NASDAQ:EXPE) Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 208,505 shares of the company’s stock, valued at $31,319,536.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Expedia Group Trading Up 0.9 %

Shares of NASDAQ:EXPE opened at $147.76 on Thursday. Expedia Group, Inc. has a 52-week low of $92.48 and a 52-week high of $160.05. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $20.14 billion, a P/E ratio of 27.67, a price-to-earnings-growth ratio of 0.56 and a beta of 1.79. The company has a 50-day simple moving average of $134.03 and a 200 day simple moving average of $128.73.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.17 by $0.34. The company had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $2.34 earnings per share. Sell-side analysts forecast that Expedia Group, Inc. will post 8.98 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on EXPE. Citigroup boosted their price objective on Expedia Group from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. StockNews.com upgraded shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 26th. TD Cowen cut shares of Expedia Group from a “buy” rating to a “hold” rating and boosted their price objective for the company from $130.00 to $150.00 in a research report on Wednesday, September 25th. BTIG Research lifted their price target on Expedia Group from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, UBS Group cut their price target on Expedia Group from $140.00 to $137.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Nineteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $149.73.

Hedge Funds Weigh In On Expedia Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ValueAct Holdings L.P. acquired a new stake in shares of Expedia Group during the 4th quarter worth about $645,346,000. Pacer Advisors Inc. raised its holdings in Expedia Group by 36.8% in the 2nd quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock valued at $334,403,000 after acquiring an additional 714,229 shares during the period. Acadian Asset Management LLC lifted its position in Expedia Group by 414.4% during the first quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock worth $94,512,000 after acquiring an additional 552,831 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Expedia Group by 1,649.4% during the second quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock worth $51,354,000 after acquiring an additional 384,305 shares during the period. Finally, AustralianSuper Pty Ltd grew its position in shares of Expedia Group by 88.8% in the second quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock valued at $94,903,000 after purchasing an additional 354,389 shares during the last quarter. 90.76% of the stock is owned by institutional investors.

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.