Kentucky Retirement Systems Sells 365 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Kentucky Retirement Systems lessened its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 3.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,566 shares of the online travel company’s stock after selling 365 shares during the quarter. Kentucky Retirement Systems’ holdings in Expedia Group were worth $1,205,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of EXPE. ORG Partners LLC raised its position in Expedia Group by 4,525.0% in the 1st quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock valued at $25,000 after purchasing an additional 181 shares during the last quarter. University of Texas Texas AM Investment Managment Co. bought a new position in Expedia Group in the 4th quarter valued at $26,000. Innealta Capital LLC bought a new position in Expedia Group in the 2nd quarter valued at $27,000. Blue Trust Inc. raised 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 purchasing an additional 105 shares during the last quarter. Finally, Crewe Advisors LLC bought a new position in Expedia Group in the 1st quarter valued at $40,000. Institutional investors own 90.76% of the company’s stock.

Insider Activity

In other news, insider Robert J. Dzielak sold 5,417 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $134.60, for a total value of $729,128.20. Following the sale, the insider now directly owns 84,543 shares in the company, valued at $11,379,487.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Robert J. Dzielak sold 12,602 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 89,960 shares in the company, valued at $11,829,740. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $729,128.20. Following the completion of the sale, the insider now owns 84,543 shares in the company, valued at $11,379,487.80. The disclosure for this sale can be found here. Corporate insiders own 8.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on EXPE. Benchmark reiterated a “buy” rating and issued a $180.00 price objective on shares of Expedia Group in a research report on Friday, August 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $140.00 price objective on shares of Expedia Group in a research report on Friday, August 9th. DA Davidson restated a “neutral” rating and set a $135.00 target price on shares of Expedia Group in a research report on Friday, August 9th. Citigroup boosted their target price on Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Finally, Truist Financial began coverage on Expedia Group in a research report on Friday, September 6th. They set a “hold” rating and a $148.00 target price for the company. Eighteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $148.00.

Expedia Group Stock Up 1.1 %

NASDAQ:EXPE opened at $144.04 on Friday. Expedia Group, Inc. has a 1 year low of $92.48 and a 1 year high of $160.05. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.45. The stock has a market cap of $19.63 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 0.51 and a beta of 1.79. The stock has a 50-day moving average price of $131.94 and a two-hundred day moving average price of $128.05.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same period in the previous year, the firm earned $2.34 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. As a group, equities analysts expect that Expedia Group, Inc. will post 8.98 earnings per share for the current year.

Expedia Group Company 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.