Hartford Investment Management Co. Reduces Position in Expedia Group, Inc. (NASDAQ:EXPE)

Hartford Investment Management Co. reduced its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,852 shares of the online travel company’s stock after selling 270 shares during the period. Hartford Investment Management Co.’s holdings in Expedia Group were worth $1,162,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXPE. Pacer Advisors Inc. lifted its holdings in Expedia Group by 36.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock worth $334,403,000 after buying an additional 714,229 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Expedia Group by 14.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,054,485 shares of the online travel company’s stock worth $132,851,000 after purchasing an additional 135,973 shares during the last quarter. Clearbridge Investments LLC boosted its holdings 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 purchasing an additional 29,294 shares in the last quarter. AustralianSuper Pty Ltd increased its stake in Expedia Group by 88.8% in the second quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock valued at $94,903,000 after purchasing an additional 354,389 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in Expedia Group by 414.4% during the first quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock worth $94,512,000 after purchasing an additional 552,831 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Stock Down 1.3 %

Shares of NASDAQ EXPE opened at $158.39 on Friday. 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 firm has a 50-day moving average price of $143.75 and a 200 day moving average price of $130.90. Expedia Group, Inc. has a 52 week low of $92.48 and a 52 week high of $164.65. The stock has a market capitalization of $21.59 billion, a price-to-earnings ratio of 29.66, a price-to-earnings-growth ratio of 0.60 and a beta of 1.79.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 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 for the quarter, compared to analyst estimates of $3.53 billion. During the same quarter in the previous year, the company earned $2.34 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Equities research analysts anticipate that Expedia Group, Inc. will post 8.98 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on EXPE. TD Cowen downgraded shares of Expedia Group from a “buy” rating to a “hold” rating and increased their target price for the company from $130.00 to $150.00 in a research report on Wednesday, September 25th. Piper Sandler reissued a “neutral” rating and issued a $140.00 target price (down from $145.00) on shares of Expedia Group in a report on Friday, August 9th. Wedbush raised their price target on Expedia Group from $125.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Susquehanna boosted their price objective on Expedia Group from $125.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Finally, Jefferies Financial Group raised their target price on shares of Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a research report on Tuesday. Nineteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $152.54.

Insider Buying and Selling at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $150.18, for a total value of $1,501,800.00. Following the sale, the director now directly owns 198,505 shares in the company, valued at $29,811,480.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the completion of the transaction, the director now owns 198,505 shares in the company, valued at approximately $29,811,480.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $729,128.20. Following the completion of the sale, the insider now directly owns 84,543 shares in the company, valued at $11,379,487.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,019 shares of company stock valued at $5,390,191. Insiders own 8.07% of the company’s stock.

Expedia Group Company 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.