South Dakota Investment Council Decreases Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

South Dakota Investment Council trimmed its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 15.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,795 shares of the online travel company’s stock after selling 11,600 shares during the period. South Dakota Investment Council’s holdings in Expedia Group were worth $9,683,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EXPE. Everence Capital Management Inc. purchased a new position in shares of Expedia Group during the 3rd quarter valued at about $313,000. GHP Investment Advisors Inc. raised its holdings in shares of Expedia Group by 8.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 9,472 shares of the online travel company’s stock valued at $939,000 after buying an additional 745 shares in the last quarter. Coronation Fund Managers Ltd. raised its holdings in shares of Expedia Group by 10.3% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 450,182 shares of the online travel company’s stock valued at $46,400,000 after buying an additional 41,900 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Expedia Group by 79.7% during the 3rd quarter. UMB Bank n.a. now owns 354 shares of the online travel company’s stock valued at $36,000 after buying an additional 157 shares in the last quarter. Finally, Czech National Bank grew its position in Expedia Group by 42.7% during the 3rd quarter. Czech National Bank now owns 24,092 shares of the online travel company’s stock worth $2,483,000 after acquiring an additional 7,210 shares during the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Expedia Group

In other news, CAO Lance A. Soliday sold 5,119 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total value of $702,377.99. Following the completion of the transaction, the chief accounting officer now owns 10,880 shares in the company, valued at $1,492,844.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Lance A. Soliday sold 5,119 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total value of $702,377.99. Following the completion of the transaction, the chief accounting officer now owns 10,880 shares in the company, valued at $1,492,844.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $150.04, for a total value of $1,500,400.00. Following the completion of the transaction, the director now owns 216,521 shares of the company’s stock, valued at approximately $32,486,810.84. The disclosure for this sale can be found here. 8.07% of the stock is owned by company insiders.

Expedia Group Stock Up 0.2 %

NASDAQ:EXPE traded up $0.21 during trading hours on Wednesday, reaching $135.23. 1,042,037 shares of the company traded hands, compared to its average volume of 2,423,966. The business’s 50-day moving average price is $134.34 and its two-hundred day moving average price is $133.64. The stock has a market capitalization of $18.43 billion, a P/E ratio of 25.02, a P/E/G ratio of 0.40 and a beta of 1.86. Expedia Group, Inc. has a 1 year low of $87.94 and a 1 year high of $160.05. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.24.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.10. The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Expedia Group had a return on equity of 35.79% and a net margin of 6.21%. Analysts predict that Expedia Group, Inc. will post 9.74 earnings per share for the current year.

Wall Street Analyst Weigh In

EXPE has been the topic of several recent research reports. BTIG Research raised their price target on Expedia Group from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, December 27th. Ascendiant Capital Markets raised their price target on Expedia Group from $133.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, December 29th. Benchmark raised their price target on Expedia Group from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Royal Bank of Canada restated a “sector perform” rating and set a $155.00 price target on shares of Expedia Group in a research report on Friday, February 9th. Finally, Oppenheimer restated an “outperform” rating and set a $175.00 price target on shares of Expedia Group in a research report on Monday, February 5th. Thirteen research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Expedia Group presently has an average rating of “Moderate Buy” and an average price target of $149.12.

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.