State of Michigan Retirement System Sells 1,700 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

State of Michigan Retirement System reduced its position in Expedia Group, Inc. (NASDAQ:EXPE) by 4.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,664 shares of the online travel company’s stock after selling 1,700 shares during the quarter. State of Michigan Retirement System’s holdings in Expedia Group were worth $5,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ORG Partners LLC raised its stake in Expedia Group by 4,525.0% during the 1st quarter. ORG Partners LLC now owns 185 shares of the online travel company’s stock valued at $25,000 after purchasing an additional 181 shares during the period. University of Texas Texas AM Investment Managment Co. bought a new stake in shares of Expedia Group during the fourth quarter valued at approximately $26,000. Blue Trust Inc. lifted its holdings in shares of Expedia Group by 93.8% in the second quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after buying an additional 105 shares in the last quarter. Crewe Advisors LLC bought a new position in shares of Expedia Group during the first quarter worth $40,000. Finally, LRI Investments LLC bought a new position in shares of Expedia Group during the first quarter worth $48,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Susquehanna boosted their price target on shares of Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. UBS Group dropped their price target on Expedia Group from $140.00 to $137.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Wells Fargo & Company reduced their price objective on Expedia Group from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. TD Cowen lowered their target price on Expedia Group from $165.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Finally, Barclays cut their target price 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. Sixteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $148.75.

Expedia Group Trading Up 0.2 %

Expedia Group stock traded up $0.29 during trading hours on Tuesday, hitting $137.41. The company had a trading volume of 47,095 shares, compared to its average volume of 2,383,594. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $18.73 billion, a P/E ratio of 25.68, a P/E/G ratio of 0.46 and a beta of 1.78. The company has a 50-day moving average price of $127.92 and a two-hundred day moving average price of $127.82. Expedia Group, Inc. has a 1 year low of $92.48 and a 1 year high of $160.05.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data 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. The company 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 41.63% and a net margin of 6.18%. During the same period last year, the business posted $2.34 EPS. Expedia Group’s quarterly revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts anticipate that Expedia Group, Inc. will post 9.28 earnings per share for the current year.

Insider Activity

In related news, CAO Lance A. Soliday sold 544 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $113.38, for a total value of $61,678.72. Following the completion of the sale, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $1,268,382.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Expedia Group news, CAO Lance A. Soliday sold 544 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $113.38, for a total transaction of $61,678.72. Following the completion of the sale, the chief accounting officer now owns 11,187 shares in the company, valued at $1,268,382.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Robert J. Dzielak sold 12,602 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 89,960 shares in the company, valued at approximately $11,829,740. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,563 shares of company stock worth $2,447,970. Company 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.