Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp cut its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 22.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,828 shares of the online travel company’s stock after selling 6,164 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Expedia Group were worth $2,624,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. ORG Partners LLC boosted its stake in Expedia Group by 4,525.0% in the first quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock valued at $25,000 after acquiring an additional 181 shares during the period. University of Texas Texas AM Investment Managment Co. acquired a new position in shares of Expedia Group during the fourth quarter worth approximately $26,000. Innealta Capital LLC bought a new stake in Expedia Group during the 2nd quarter valued at $27,000. Blue Trust Inc. boosted its position in Expedia Group by 93.8% during the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after acquiring an additional 105 shares during the period. Finally, Crewe Advisors LLC acquired a new position in shares of Expedia Group during the first quarter valued at $40,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Analyst Upgrades and Downgrades

EXPE has been the topic of several research analyst reports. Barclays lowered their price target on Expedia Group from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Susquehanna upped their price target on Expedia Group from $125.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Truist Financial initiated coverage on Expedia Group in a research report on Friday, September 6th. They issued a “hold” rating and a $148.00 target price for the company. Cantor Fitzgerald initiated coverage on Expedia Group in a research note on Thursday, September 5th. They issued a “neutral” rating and a $130.00 price objective for the company. Finally, BTIG Research reduced their price objective on Expedia Group from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, May 21st. Eighteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $148.00.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 12,602 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total value of $1,657,163.00. Following the completion of the transaction, the insider now owns 89,960 shares in the company, valued at approximately $11,829,740. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Robert J. Dzielak sold 12,602 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total value of $1,657,163.00. Following the transaction, the insider now directly owns 89,960 shares in the company, valued at $11,829,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $134.60, for a total transaction of $729,128.20. Following the sale, the insider now owns 84,543 shares of the company’s stock, valued at approximately $11,379,487.80. The disclosure for this sale can be found here. 8.07% of the stock is owned by company insiders.

Expedia Group Price Performance

NASDAQ:EXPE opened at $135.79 on Tuesday. The firm has a market cap of $18.51 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 0.51 and a beta of 1.79. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45. Expedia Group, Inc. has a 12 month low of $92.48 and a 12 month high of $160.05. The company’s 50-day moving average price is $131.02 and its two-hundred day moving average price is $127.84.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share 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 analyst estimates of $3.53 billion. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company posted $2.34 earnings per share. On average, equities analysts anticipate that Expedia Group, Inc. will post 8.98 EPS for the current fiscal year.

Expedia Group 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.