Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,249 shares of the online travel company’s stock after selling 4,796 shares during the period. Principal Financial Group Inc.’s holdings in Expedia Group were worth $24,756,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of EXPE. Hantz Financial Services Inc. grew its stake in Expedia Group by 2.1% in the third quarter. Hantz Financial Services Inc. now owns 2,980 shares of the online travel company’s stock worth $441,000 after purchasing an additional 62 shares in the last quarter. Empirical Finance LLC grew its position in shares of Expedia Group by 1.3% in the 3rd quarter. Empirical Finance LLC now owns 4,754 shares of the online travel company’s stock worth $704,000 after acquiring an additional 63 shares in the last quarter. Venture Visionary Partners LLC increased its holdings in shares of Expedia Group by 0.6% in the 3rd quarter. Venture Visionary Partners LLC now owns 11,367 shares of the online travel company’s stock valued at $1,683,000 after acquiring an additional 64 shares during the last quarter. GHE LLC raised its position in shares of Expedia Group by 1.0% during the 3rd quarter. GHE LLC now owns 6,689 shares of the online travel company’s stock valued at $980,000 after acquiring an additional 69 shares in the last quarter. Finally, AdvisorShares Investments LLC lifted its stake in Expedia Group by 7.1% during the second quarter. AdvisorShares Investments LLC now owns 1,517 shares of the online travel company’s stock worth $186,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 1,951 shares of Expedia Group stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $180.00, for a total value of $351,180.00. Following the transaction, the insider now owns 85,250 shares of the company’s stock, valued at approximately $15,345,000. This trade represents a 2.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the sale, the director now directly owns 208,505 shares of the company’s stock, valued at $31,319,536.05. This represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,951 shares of company stock worth $6,197,710. 6.80% of the stock is owned by insiders.

Expedia Group Stock Up 0.4 %

NASDAQ EXPE opened at $189.68 on Thursday. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $192.34. The company has a market capitalization of $24.34 billion, a P/E ratio of 24.41, a PEG ratio of 1.07 and a beta of 1.84. The company’s 50 day simple moving average is $176.26 and its 200 day simple moving average is $148.50. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73.

Analyst Ratings Changes

EXPE has been the topic of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. UBS Group raised their target price on shares of Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Morgan Stanley upped their target price on Expedia Group from $150.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, November 22nd. Benchmark raised their price target on Expedia Group from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Truist Financial started coverage on Expedia Group in a research note on Friday, September 6th. They set a “hold” rating and a $148.00 price objective for the company. Twenty equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $169.70.

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.