Illinois Municipal Retirement Fund Boosts Position in Expedia Group, Inc. (NASDAQ:EXPE)

Illinois Municipal Retirement Fund lifted its position in Expedia Group, Inc. (NASDAQ:EXPE) by 176.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,162 shares of the online travel company’s stock after purchasing an additional 62,058 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.07% of Expedia Group worth $12,241,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXPE. National Bank of Canada FI increased its holdings in shares of Expedia Group by 37.9% during the 4th quarter. National Bank of Canada FI now owns 41,901 shares of the online travel company’s stock worth $6,233,000 after buying an additional 11,508 shares during the last quarter. Apollon Wealth Management LLC acquired a new stake in Expedia Group during the fourth quarter worth $225,000. Principal Securities Inc. purchased a new stake in Expedia Group in the fourth quarter valued at $258,000. Versor Investments LP acquired a new position in shares of Expedia Group in the 4th quarter valued at $379,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Expedia Group by 24.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 767,709 shares of the online travel company’s stock worth $116,541,000 after purchasing an additional 151,993 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Stock Performance

Shares of EXPE stock opened at $132.26 on Friday. The company has a market cap of $18.03 billion, a P/E ratio of 24.77, a PEG ratio of 0.55 and a beta of 1.79. The firm has a fifty day moving average price of $129.93 and a 200 day moving average price of $128.04. The company has a current ratio of 0.76, a quick 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.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.17 by $0.34. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The business had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same period in the prior year, the firm posted $2.34 EPS. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Sell-side analysts predict that Expedia Group, Inc. will post 8.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on EXPE shares. BTIG Research reduced their price objective on shares of Expedia Group from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, May 21st. Wedbush boosted their price target on shares of Expedia Group from $125.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Cantor Fitzgerald began coverage on shares of Expedia Group in a report on Thursday. They issued a “neutral” rating and a $130.00 price objective on the stock. Wells Fargo & Company dropped their target price on shares of Expedia Group from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $140.00 price target on shares of Expedia Group in a research note on Friday, August 9th. Eighteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Expedia Group presently has an average rating of “Hold” and a consensus price target of $148.00.

Insider Activity at Expedia Group

In other 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 transaction of $1,657,163.00. Following the completion of the sale, the insider now owns 89,960 shares in the company, valued at approximately $11,829,740. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Expedia Group news, insider Robert J. Dzielak sold 12,602 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was 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 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 Expedia Group 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 owns 84,543 shares in the company, valued at approximately $11,379,487.80. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by corporate insiders.

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.