State of Alaska Department of Revenue Sells 5,245 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

State of Alaska Department of Revenue lessened its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 15.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,279 shares of the online travel company’s stock after selling 5,245 shares during the quarter. State of Alaska Department of Revenue’s holdings in Expedia Group were worth $4,032,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. University of Texas Texas AM Investment Managment Co. bought a new stake in Expedia Group in the 4th quarter valued at $26,000. City State Bank increased its holdings in Expedia Group by 157.3% in the 4th quarter. City State Bank now owns 193 shares of the online travel company’s stock valued at $29,000 after buying an additional 118 shares during the period. CVA Family Office LLC bought a new stake in Expedia Group in the 4th quarter valued at $32,000. MV Capital Management Inc. increased its holdings in Expedia Group by 335.6% in the 4th quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock valued at $48,000 after buying an additional 245 shares during the period. Finally, Mather Group LLC. bought a new stake in Expedia Group in the 1st quarter valued at $52,000. Institutional investors own 90.76% of the company’s stock.

Insider Activity at Expedia Group

In related news, Director Craig A. Jacobson sold 6,722 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $112.71, for a total value of $757,636.62. Following the sale, the director now directly owns 32,620 shares in the company, valued at approximately $3,676,600.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Craig A. Jacobson sold 6,722 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $112.71, for a total value of $757,636.62. Following the sale, the director now directly owns 32,620 shares in the company, valued at approximately $3,676,600.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Lance A. Soliday sold 544 shares of the stock in a transaction that occurred on 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 owns 11,187 shares in the company, valued at $1,268,382.06. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by corporate insiders.

Expedia Group Stock Performance

Expedia Group stock opened at $124.25 on Friday. 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, Inc. has a 1 year low of $92.48 and a 1 year high of $160.05. The company has a market cap of $16.93 billion, a PE ratio of 23.27, a PEG ratio of 0.46 and a beta of 1.78. The company’s 50-day moving average is $120.19 and its two-hundred day moving average is $133.86.

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, beating analysts’ consensus estimates of ($0.96) by $0.57. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.80 billion. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. Equities analysts anticipate that Expedia Group, Inc. will post 9.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Expedia Group from $149.00 to $137.00 and set an “equal weight” rating on the stock in a report on Friday, May 3rd. Evercore ISI lowered their target price on shares of Expedia Group from $190.00 to $175.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Benchmark reaffirmed a “buy” rating and issued a $180.00 target price on shares of Expedia Group in a report on Tuesday. Royal Bank of Canada lowered their target price on shares of Expedia Group from $155.00 to $140.00 and set a “sector perform” rating on the stock in a report on Friday, May 3rd. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $135.00 target price (down previously from $152.00) on shares of Expedia Group in a report on Friday, May 3rd. Sixteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $148.12.

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.