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% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,566 shares of the online travel company’s stock after selling 365 shares during the period. Kentucky Retirement Systems’ holdings in Expedia Group were worth $1,205,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. ValueAct Holdings L.P. bought a new stake in Expedia Group during the fourth quarter worth about $645,346,000. Lyrical Asset Management LP raised its stake in Expedia Group by 0.8% in the fourth quarter. Lyrical Asset Management LP now owns 1,796,068 shares of the online travel company’s stock valued at $272,625,000 after buying an additional 13,792 shares during the period. Fisher Asset Management LLC raised its stake in Expedia Group by 4.3% in the fourth quarter. Fisher Asset Management LLC now owns 1,439,448 shares of the online travel company’s stock valued at $218,494,000 after buying an additional 59,352 shares during the period. Dimensional Fund Advisors LP raised its stake in Expedia Group by 14.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,054,485 shares of the online travel company’s stock valued at $132,851,000 after buying an additional 135,973 shares during the period. Finally, Clearbridge Investments LLC raised its stake in Expedia Group by 3.1% in the first quarter. Clearbridge Investments LLC now owns 971,327 shares of the online travel company’s stock valued at $133,800,000 after buying an additional 29,294 shares during the period. Institutional investors own 90.76% of the company’s stock.

Wall Street Analyst Weigh In

EXPE has been the topic of several research analyst reports. Benchmark restated a “buy” rating and issued a $180.00 price objective on shares of Expedia Group in a research note on Friday, August 9th. 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 on the stock. Piper Sandler restated a “neutral” rating and issued a $140.00 price objective (down previously from $145.00) on shares of Expedia Group in a research note on Friday, August 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $140.00 price objective on shares of Expedia Group in a research note on Friday, August 9th. Finally, Barclays decreased their target price 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. Eighteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $148.00.

Expedia Group Trading Up 1.1 %

Shares of EXPE stock opened at $144.04 on Friday. The stock’s fifty day moving average price is $131.94 and its two-hundred day moving average price is $128.05. The company has a market cap of $19.63 billion, a PE ratio of 26.97, a P/E/G ratio of 0.51 and a beta of 1.79. Expedia Group, Inc. has a fifty-two week low of $92.48 and a fifty-two week high of $160.05. 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 (NASDAQ:EXPE) last issued 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 firm had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.53 billion. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.34 EPS. Equities analysts predict that Expedia Group, Inc. will post 8.98 EPS for the current fiscal year.

Insider Buying and Selling at Expedia Group

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

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.