South Dakota Investment Council Has $9.68 Million Stake in Expedia Group, Inc. (NASDAQ:EXPE)

South Dakota Investment Council reduced its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 15.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC purchased a new position in shares of Expedia Group during the fourth quarter worth $76,000. Illinois Municipal Retirement Fund raised its stake in shares of Expedia Group by 0.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 72,532 shares of the online travel company's stock valued at $11,010,000 after acquiring an additional 418 shares in the last quarter. Sigma Planning Corp acquired a new stake in shares of Expedia Group in the fourth quarter valued at $1,782,000. Signaturefd LLC raised its stake in shares of Expedia Group by 13.3% in the fourth quarter. Signaturefd LLC now owns 1,152 shares of the online travel company's stock valued at $175,000 after acquiring an additional 135 shares in the last quarter. Finally, Verdence Capital Advisors LLC acquired a new stake in shares of Expedia Group in the fourth quarter valued at $213,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Lance A. Soliday sold 5,119 shares of the company's stock in a transaction that occurred 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 sale, the chief accounting officer now owns 10,880 shares of the company's stock, valued at approximately $1,492,844.80. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CAO Lance A. Soliday sold 5,119 shares of the company's stock in a transaction that occurred 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 sale, the chief accounting officer now owns 10,880 shares of the company's stock, valued at approximately $1,492,844.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $150.04, for a total value of $1,500,400.00. Following the completion of the sale, the director now directly owns 216,521 shares in the company, valued at approximately $32,486,810.84. The disclosure for this sale can be found here. Insiders own 8.07% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Royal Bank of Canada reiterated a "sector perform" rating and issued a $155.00 price objective on shares of Expedia Group in a research note on Friday, February 9th. Wells Fargo & Company decreased their price target on Expedia Group from $159.00 to $155.00 and set an "equal weight" rating for the company in a report on Friday, February 9th. Ascendiant Capital Markets lifted their price target on Expedia Group from $133.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, December 29th. JPMorgan Chase & Co. lifted their price target on Expedia Group from $115.00 to $136.00 and gave the stock a "neutral" rating in a report on Friday, February 9th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $175.00 price target on shares of Expedia Group in a report on Monday, February 5th. Thirteen research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $149.12.

Expedia Group Stock Performance

NASDAQ EXPE traded up $0.78 on Wednesday, hitting $135.80. 1,776,287 shares of the company's stock were exchanged, compared to its average volume of 2,433,890. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.78 and a quick ratio of 0.78. The firm's 50-day moving average price is $134.36 and its two-hundred day moving average price is $133.66. Expedia Group, Inc. has a fifty-two week low of $87.94 and a fifty-two week high of $160.05. The firm has a market cap of $18.51 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 0.40 and a beta of 1.86.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.08 by $0.10. The business had revenue of $2.89 billion for 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%. On average, research analysts expect that Expedia Group, Inc. will post 9.74 EPS for the current year.

Expedia Group 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.