New York State Teachers Retirement System Sells 26,164 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

New York State Teachers Retirement System lowered its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 16.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 130,488 shares of the online travel company's stock after selling 26,164 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of Expedia Group worth $19,807,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Raymond James & Associates lifted its position in shares of Expedia Group by 6.4% in the fourth quarter. Raymond James & Associates now owns 263,351 shares of the online travel company's stock worth $39,974,000 after purchasing an additional 15,759 shares in the last quarter. AustralianSuper Pty Ltd raised its position in Expedia Group by 14.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 355,871 shares of the online travel company's stock worth $54,018,000 after acquiring an additional 43,820 shares in the last quarter. AQR Capital Management LLC raised its position in Expedia Group by 7.9% during the third quarter. AQR Capital Management LLC now owns 769,665 shares of the online travel company's stock worth $79,329,000 after acquiring an additional 56,186 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Expedia Group by 20.7% during the third quarter. Public Employees Retirement System of Ohio now owns 80,577 shares of the online travel company's stock worth $8,305,000 after acquiring an additional 13,797 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in Expedia Group by 13.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 91,232 shares of the online travel company's stock worth $13,848,000 after acquiring an additional 10,597 shares in the last quarter. Institutional investors own 90.76% of the company's stock.

Wall Street Analyst Weigh In

EXPE has been the topic of several research reports. Oppenheimer reiterated an "outperform" rating and issued a $175.00 price objective on shares of Expedia Group in a report on Monday, February 5th. StockNews.com upgraded shares of Expedia Group from a "hold" rating to a "buy" rating in a report on Wednesday, February 14th. Wells Fargo & Company decreased their price target on shares of Expedia Group from $159.00 to $155.00 and set an "equal weight" rating on the stock in a research note on Friday, February 9th. Wedbush restated a "neutral" rating and issued a $130.00 price target on shares of Expedia Group in a research note on Friday, February 9th. Finally, JPMorgan Chase & Co. upped their price target on shares of Expedia Group from $115.00 to $136.00 and gave the company a "neutral" rating in a research note on Friday, February 9th. Thirteen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $149.12.

Expedia Group Price Performance

Shares of EXPE stock traded up $1.11 on Tuesday, reaching $133.27. The company had a trading volume of 1,108,726 shares, compared to its average volume of 2,573,317. The stock has a market capitalization of $18.16 billion, a PE ratio of 24.77, a price-to-earnings-growth ratio of 0.40 and a beta of 1.86. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.24. Expedia Group, Inc. has a one year low of $87.94 and a one year high of $160.05. The business's 50-day moving average is $137.62 and its 200 day moving average is $131.55.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued 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 analyst estimates of $2.88 billion. Expedia Group had a net margin of 6.21% and a return on equity of 35.79%. Equities research analysts forecast that Expedia Group, Inc. will post 9.74 EPS for the current fiscal year.

Insider Activity at Expedia Group

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

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.