Teacher Retirement System of Texas lessened its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 34.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,491 shares of the online travel company's stock after selling 37,289 shares during the period. Teacher Retirement System of Texas owned 0.05% of Expedia Group worth $10,700,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPE. Warther Private Wealth LLC grew its position in Expedia Group by 30.1% in the fourth quarter. Warther Private Wealth LLC now owns 57,750 shares of the online travel company's stock worth $8,766,000 after acquiring an additional 13,370 shares in the last quarter. Donoghue Forlines LLC increased its position in shares of Expedia Group by 467.4% during the 4th quarter. Donoghue Forlines LLC now owns 11,427 shares of the online travel company's stock valued at $1,735,000 after purchasing an additional 9,413 shares during the last quarter. Versor Investments LP bought a new stake in Expedia Group in the fourth quarter worth $379,000. Foyston Gordon & Payne Inc boosted its stake in Expedia Group by 2.7% during the fourth quarter. Foyston Gordon & Payne Inc now owns 22,523 shares of the online travel company's stock worth $3,419,000 after buying an additional 601 shares during the period. Finally, Principal Securities Inc. bought a new position in Expedia Group during the fourth quarter valued at $258,000. 90.76% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the stock. Royal Bank of Canada dropped their price target on shares of Expedia Group from $155.00 to $140.00 and set a "sector perform" rating for the company in a research note on Friday, May 3rd. Susquehanna cut their target price on Expedia Group from $145.00 to $125.00 and set a "neutral" rating on the stock in a research note on Monday, May 6th. Bank of America downgraded Expedia Group from a "buy" rating to a "neutral" rating and set a $156.00 price objective on the stock. in a research report on Friday, February 9th. B. Riley decreased their target price on Expedia Group from $200.00 to $190.00 and set a "buy" rating for the company in a research report on Friday, May 3rd. Finally, Wells Fargo & Company reduced their price target on shares of Expedia Group from $149.00 to $137.00 and set an "equal weight" rating on the stock in a research note on Friday, May 3rd. Sixteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $149.12.
Check Out Our Latest Research Report on EXPE
Insider Buying and Selling at Expedia Group
In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of the stock in a transaction dated Thursday, February 22nd. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.07% of the company's stock.
Expedia Group Stock Performance
Shares of Expedia Group stock traded down $0.17 during midday trading on Monday, hitting $112.67. The company had a trading volume of 2,854,434 shares, compared to its average volume of 2,659,968. The stock has a market cap of $15.36 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 0.42 and a beta of 1.83. Expedia Group, Inc. has a 12-month low of $89.09 and a 12-month high of $160.05. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 2.93. The company has a fifty day simple moving average of $131.52 and a 200 day simple moving average of $136.07.
Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.08 by $0.10. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. As a group, analysts predict that Expedia Group, Inc. will post 9.35 earnings per share for the current fiscal year.
About Expedia Group
(
Free Report)
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.
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