New York State Teachers Retirement System Sells 16,572 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

New York State Teachers Retirement System decreased its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 12.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,040 shares of the online travel company’s stock after selling 16,572 shares during the period. New York State Teachers Retirement System owned 0.08% of Expedia Group worth $16,732,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC lifted its position in shares of Expedia Group by 4,525.0% during the first quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock worth $25,000 after purchasing an additional 181 shares in the last quarter. Innealta Capital LLC acquired a new position in Expedia Group during the 2nd quarter worth $27,000. Blue Trust Inc. boosted its position in Expedia Group by 93.8% in the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock valued at $30,000 after buying an additional 105 shares during the last quarter. Crewe Advisors LLC acquired a new stake in shares of Expedia Group in the 1st quarter valued at $40,000. Finally, LRI Investments LLC acquired a new stake in shares of Expedia Group in the 1st quarter valued at $48,000. Institutional investors own 90.76% of the company’s stock.

Insider Activity at Expedia Group

In other Expedia Group news, 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 transaction of $1,502,100.00. Following the sale, the director now directly owns 208,505 shares of the company’s stock, valued at $31,319,536.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the firm’s 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 completion of the transaction, the insider now directly owns 84,543 shares in the company, valued at $11,379,487.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $150.21, for a total value of $1,502,100.00. Following the transaction, the director now directly owns 208,505 shares in the company, valued at $31,319,536.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,019 shares of company stock valued at $5,390,191. Corporate insiders own 6.80% of the company’s stock.

Expedia Group Stock Up 2.0 %

EXPE stock opened at $159.40 on Friday. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market capitalization of $20.75 billion, a P/E ratio of 28.46, a P/E/G ratio of 0.62 and a beta of 1.79. Expedia Group, Inc. has a fifty-two week low of $93.19 and a fifty-two week high of $164.65. The business has a 50-day moving average of $146.71 and a 200-day moving average of $132.04.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.34. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The company had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same period last year, the business earned $2.34 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts anticipate that Expedia Group, Inc. will post 8.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

EXPE has been the topic of several recent research reports. StockNews.com upgraded Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Friday. DA Davidson reaffirmed a “neutral” rating and issued a $135.00 target price on shares of Expedia Group in a research note on Friday, August 9th. BTIG Research increased their price objective on shares of Expedia Group from $150.00 to $175.00 and gave the company a “buy” rating in a report on Friday, September 27th. Piper Sandler reaffirmed a “neutral” rating and issued a $140.00 price objective (down from $145.00) on shares of Expedia Group in a research note on Friday, August 9th. Finally, Jefferies Financial Group upped their target price on shares of Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Nineteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $152.54.

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.