California Public Employees Retirement System cut its position in Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 331,732 shares of the online travel company’s stock after selling 5,178 shares during the period. California Public Employees Retirement System owned 0.21% of Expedia Group worth $29,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Expedia Group by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 16,898,096 shares of the online travel company’s stock worth $1,583,182,000 after acquiring an additional 265,087 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Expedia Group by 187.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,921,028 shares of the online travel company’s stock valued at $375,888,000 after buying an additional 1,251,933 shares during the last quarter. Boston Partners boosted its holdings in shares of Expedia Group by 24.1% during the fourth quarter. Boston Partners now owns 1,819,568 shares of the online travel company’s stock worth $159,550,000 after purchasing an additional 353,629 shares during the last quarter. Capital Wealth Alliance LLC acquired a new stake in shares of Expedia Group during the second quarter worth $12,058,000. Finally, Pacer Advisors Inc. boosted its holdings in Expedia Group by 61.2% in the fourth quarter. Pacer Advisors Inc. now owns 1,512,319 shares of the online travel company’s stock valued at $132,479,000 after acquiring an additional 574,440 shares during the last quarter. Hedge funds and other institutional investors own 89.89% of the company’s stock.
Insiders Place Their Bets
In other news, CAO Lance A. Soliday sold 5,387 shares of Expedia Group stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $106.99, for a total transaction of $576,355.13. Following the sale, the chief accounting officer now owns 9,270 shares of the company’s stock, valued at approximately $991,797.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Expedia Group news, CAO Lance A. Soliday sold 605 shares of Expedia Group stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $116.71, for a total transaction of $70,609.55. Following the completion of the sale, the chief accounting officer now directly owns 9,270 shares in the company, valued at approximately $1,081,901.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Lance A. Soliday sold 5,387 shares of the company’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $106.99, for a total transaction of $576,355.13. Following the sale, the chief accounting officer now directly owns 9,270 shares of the company’s stock, valued at approximately $991,797.30. The disclosure for this sale can be found here. Corporate insiders own 7.52% of the company’s stock.
Expedia Group Price Performance
Expedia Group (NASDAQ:EXPE – Get Rating) last issued its quarterly earnings data on Thursday, February 9th. The online travel company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.85 by ($0.59). Expedia Group had a return on equity of 22.98% and a net margin of 2.72%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the firm earned $0.58 EPS. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, sell-side analysts predict that Expedia Group, Inc. will post 7.24 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of analysts have recently issued reports on EXPE shares. Barclays dropped their target price on Expedia Group from $117.00 to $113.00 in a research report on Friday, May 5th. StockNews.com initiated coverage on Expedia Group in a report on Thursday, March 16th. They set a “buy” rating for the company. Piper Sandler lowered their price target on Expedia Group from $135.00 to $125.00 in a research report on Friday, May 5th. Credit Suisse Group cut their target price on shares of Expedia Group from $174.00 to $172.00 in a research note on Friday, May 5th. Finally, DA Davidson decreased their price target on shares of Expedia Group from $121.00 to $109.00 in a report on Friday, May 5th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $132.44.
About Expedia Group
Expedia Group, Inc is an online travel company, which engages in the provision of travel products and services to leisure and corporate travelers. It operates through the following segments: Retail, B2B, and Trivago. The Retail segment provides a full range of travel and advertising services to worldwide customers through a variety of consumer brands including: Expedia.com and Hotels.com.
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