New York State Common Retirement Fund Sells 5,261,330 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

New York State Common Retirement Fund trimmed its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 96.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 212,655 shares of the online travel company’s stock after selling 5,261,330 shares during the quarter. New York State Common Retirement Fund’s holdings in Expedia Group were worth $31,477,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of EXPE. DoubleLine ETF Adviser LP acquired a new stake in Expedia Group during the 2nd quarter worth $465,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Expedia Group by 1.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 343,389 shares of the online travel company’s stock worth $47,302,000 after purchasing an additional 6,432 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Expedia Group by 18.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 154,867 shares of the online travel company’s stock valued at $21,333,000 after purchasing an additional 23,939 shares during the last quarter. Swedbank AB lifted its stake in Expedia Group by 5.0% in the second quarter. Swedbank AB now owns 169,076 shares of the online travel company’s stock valued at $21,302,000 after buying an additional 8,026 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in Expedia Group by 33.7% during the first quarter. Advisors Asset Management Inc. now owns 7,927 shares of the online travel company’s stock worth $1,092,000 after buying an additional 1,996 shares during the last quarter. 90.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Robert J. Dzielak sold 5,417 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were 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 in the company, valued at $11,379,487.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Robert J. Dzielak sold 12,602 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total value of $1,657,163.00. Following the completion of the sale, the insider now directly owns 89,960 shares of the company’s stock, valued at $11,829,740. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert J. Dzielak sold 5,417 shares of Expedia Group stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the transaction, the insider now owns 84,543 shares of the company’s stock, valued at $11,379,487.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,019 shares of company stock valued at $5,390,191. 6.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on EXPE shares. DA Davidson reaffirmed a “neutral” rating and issued a $135.00 price target on shares of Expedia Group in a research note on Friday, August 9th. TD Cowen downgraded shares of Expedia Group from a “buy” rating to a “hold” rating and upped their target price for the company from $130.00 to $150.00 in a research note on Wednesday, September 25th. StockNews.com raised shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research report on Friday. Benchmark restated a “buy” rating and issued a $180.00 price objective on shares of Expedia Group in a research report on Friday, August 9th. Finally, Jefferies Financial Group lifted their target price on Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Nineteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $152.54.

Expedia Group Price Performance

NASDAQ:EXPE opened at $159.40 on Friday. The stock’s 50-day simple moving average is $146.71 and its 200 day simple moving average is $132.06. Expedia Group, Inc. has a 52-week low of $93.19 and a 52-week high of $164.65. 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 cap of $20.75 billion, a P/E ratio of 28.46, a P/E/G ratio of 0.61 and a beta of 1.78.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data 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 47.55% and a net margin of 6.09%. The company had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same quarter in the prior year, the business posted $2.34 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Expedia Group, Inc. will post 8.99 EPS for the current fiscal year.

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.