Dara Khosrowshahi Sells 10,000 Shares of Expedia Group, Inc. (NASDAQ:EXPE) Stock

Expedia Group, Inc. (NASDAQ:EXPE) Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $156.87, for a total transaction of $1,568,700.00. Following the sale, the director now directly owns 188,505 shares in the company, valued at $29,570,779.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Dara Khosrowshahi also recently made the following trade(s):

• On Friday, October 4th, Dara Khosrowshahi sold 10,000 shares of Expedia Group stock. The shares were sold at an average price of $150.18, for a total value of $1,501,800.00.
• On Friday, September 27th, Dara Khosrowshahi sold 10,000 shares of Expedia Group stock. The shares were sold at an average price of $150.21, for a total value of $1,502,100.00.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $164.87 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45. The business’s 50 day moving average price is $147.67 and its two-hundred day moving average price is $132.56. The company has a market cap of $21.46 billion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month high of $166.61.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, topping 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 business had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.53 billion. During the same period in the previous year, the firm earned $2.34 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. On average, analysts predict that Expedia Group, Inc. will post 8.99 EPS for the current year.

Hedge Funds Weigh In On Expedia Group

Several large investors have recently modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Expedia Group by 1.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 343,389 shares of the online travel company’s stock valued at $47,302,000 after acquiring an additional 6,432 shares during the period. First Trust Direct Indexing L.P. increased its stake in shares of Expedia Group by 5.8% during the first quarter. First Trust Direct Indexing L.P. now owns 1,601 shares of the online travel company’s stock worth $221,000 after purchasing an additional 88 shares during the period. Private Advisor Group LLC boosted its stake 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 purchasing an additional 87 shares during the period. Fidelis Capital Partners LLC acquired a new position in Expedia Group in the 1st quarter valued at $66,000. Finally, Daiwa Securities Group Inc. increased its position in Expedia Group by 2.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 15,454 shares of the online travel company’s stock worth $2,129,000 after buying an additional 298 shares during the period. 90.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on EXPE shares. Susquehanna increased their price objective on shares of Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Barclays lowered their price target on shares of Expedia Group from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. StockNews.com raised Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Friday, November 1st. BTIG Research lifted their target price on Expedia Group from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $140.00 price target (down previously from $145.00) on shares of Expedia Group in a research note on Friday, August 9th. Nineteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $152.54.

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.