Public Employees Retirement Association of Colorado Has $1.73 Million Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Public Employees Retirement Association of Colorado lowered its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 4.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,738 shares of the online travel company’s stock after selling 691 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Expedia Group were worth $1,731,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Parallel Advisors LLC increased its holdings in Expedia Group by 7.4% in the 4th quarter. Parallel Advisors LLC now owns 1,163 shares of the online travel company’s stock worth $176,000 after purchasing an additional 80 shares in the last quarter. Private Advisor Group LLC raised its holdings in Expedia Group by 0.4% in the 1st quarter. Private Advisor Group LLC now owns 24,351 shares of the online travel company’s stock valued at $3,354,000 after buying an additional 87 shares during the last quarter. First Trust Direct Indexing L.P. raised its holdings in Expedia Group by 5.8% in the 1st quarter. First Trust Direct Indexing L.P. now owns 1,601 shares of the online travel company’s stock valued at $221,000 after buying an additional 88 shares during the last quarter. Commerce Bank boosted its position in Expedia Group by 4.3% during the 4th quarter. Commerce Bank now owns 2,304 shares of the online travel company’s stock worth $350,000 after buying an additional 96 shares during the period. Finally, Bleakley Financial Group LLC grew its holdings in Expedia Group by 5.1% during the 1st quarter. Bleakley Financial Group LLC now owns 2,028 shares of the online travel company’s stock worth $279,000 after acquiring an additional 99 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on EXPE. Truist Financial initiated coverage on Expedia Group in a report on Friday, September 6th. They issued a “hold” rating and a $148.00 price objective for the company. Piper Sandler restated a “neutral” rating and set a $140.00 price objective (down from $145.00) 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 target price on shares of Expedia Group in a report on Friday, August 9th. Cantor Fitzgerald restated a “neutral” rating and set a $130.00 price target on shares of Expedia Group in a report on Monday. Finally, Wells Fargo & Company reduced their price objective on shares of Expedia Group from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Eighteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $148.00.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 12,602 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $11,829,740. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the company’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 sale, the insider now 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 available through the SEC website. Also, insider Robert J. Dzielak sold 12,602 shares of Expedia Group stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the transaction, the insider now owns 89,960 shares of the company’s stock, valued at $11,829,740. The disclosure for this sale can be found here. Corporate insiders own 8.07% of the company’s stock.

Expedia Group Stock Performance

NASDAQ EXPE opened at $144.04 on Tuesday. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.76 and a current ratio of 0.76. Expedia Group, Inc. has a fifty-two week low of $92.48 and a fifty-two week high of $160.05. The stock has a market cap of $19.63 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 0.51 and a beta of 1.79. The stock has a 50 day simple moving average of $132.17 and a two-hundred day simple moving average of $128.09.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, beating 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 business had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same quarter in the previous year, the business posted $2.34 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts forecast that Expedia Group, Inc. will post 8.98 earnings per share for the current 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.