Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System lowered its position in Expedia Group, Inc. (NASDAQ:EXPE) by 64.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,364 shares of the online travel company’s stock after selling 75,600 shares during the quarter. State of Michigan Retirement System’s holdings in Expedia Group were worth $5,836,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC raised its holdings in Expedia Group by 4.1% in the third quarter. LPL Financial LLC now owns 63,607 shares of the online travel company’s stock valued at $6,556,000 after acquiring an additional 2,505 shares in the last quarter. Stifel Financial Corp grew its stake in Expedia Group by 71.3% in the third quarter. Stifel Financial Corp now owns 25,290 shares of the online travel company’s stock worth $2,607,000 after purchasing an additional 10,523 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Expedia Group by 249.8% in the third quarter. Tower Research Capital LLC TRC now owns 6,817 shares of the online travel company’s stock worth $703,000 after purchasing an additional 4,868 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Expedia Group by 16.4% in the third quarter. Advisors Asset Management Inc. now owns 6,268 shares of the online travel company’s stock valued at $646,000 after buying an additional 882 shares during the last quarter. Finally, Scotia Capital Inc. raised its stake in Expedia Group by 13.9% during the third quarter. Scotia Capital Inc. now owns 4,024 shares of the online travel company’s stock valued at $415,000 after buying an additional 492 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EXPE. Piper Sandler lowered Expedia Group from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $175.00 to $145.00 in a research report on Friday, May 3rd. Barclays lowered their target price on shares of Expedia Group from $158.00 to $138.00 and set an “equal weight” rating for the company in a research note on Monday, May 6th. DA Davidson restated a “neutral” rating and issued a $135.00 price target (down from $152.00) on shares of Expedia Group in a research report on Friday, May 3rd. Evercore ISI decreased their price target on shares of Expedia Group from $190.00 to $175.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Finally, Royal Bank of Canada lowered their price objective on shares of Expedia Group from $155.00 to $140.00 and set a “sector perform” rating for the company in a research report on Friday, May 3rd. Sixteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Expedia Group presently has an average rating of “Hold” and a consensus target price of $148.12.

Insider Transactions at Expedia Group

In other news, CAO Lance A. Soliday sold 544 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $113.38, for a total transaction of $61,678.72. Following the completion of the sale, the chief accounting officer now owns 11,187 shares in the company, valued at approximately $1,268,382.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Expedia Group news, CAO Lance A. Soliday sold 544 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $113.38, for a total transaction of $61,678.72. Following the completion of the sale, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $1,268,382.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Craig A. Jacobson sold 6,722 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total transaction of $757,636.62. Following the completion of the transaction, the director now owns 32,620 shares of the company’s stock, valued at $3,676,600.20. The disclosure for this sale can be found here. Corporate insiders own 8.07% of the company’s stock.

Expedia Group Stock Up 0.3 %

Shares of EXPE stock opened at $122.86 on Wednesday. Expedia Group, Inc. has a 1 year low of $92.48 and a 1 year high of $160.05. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.79 and a current ratio of 0.79. The business’s fifty day moving average is $120.67 and its 200-day moving average is $134.09. The stock has a market cap of $16.74 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 0.47 and a beta of 1.78.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, May 2nd. The online travel company reported ($0.39) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.96) by $0.57. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.80 billion. Equities analysts expect that Expedia Group, Inc. will post 9.25 earnings per share 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.