Louisiana State Employees Retirement System Sells 200 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Louisiana State Employees Retirement System lessened its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 2.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,000 shares of the online travel company’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Expedia Group were worth $1,036,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its holdings in Expedia Group by 36.8% in the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock valued at $334,403,000 after acquiring an additional 714,229 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Expedia Group by 414.4% in the 1st quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock valued at $94,512,000 after purchasing an additional 552,831 shares during the last quarter. Point72 Asset Management L.P. increased its position in shares of Expedia Group by 1,649.4% during the second quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock worth $51,354,000 after buying an additional 384,305 shares during the period. AustralianSuper Pty Ltd raised its stake in Expedia Group by 88.8% during the second quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock worth $94,903,000 after buying an additional 354,389 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Expedia Group during the second quarter worth $39,183,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 12,602 shares of Expedia Group stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Robert J. Dzielak sold 12,602 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $131.50, for a total transaction of $1,657,163.00. Following the completion of the transaction, the insider now owns 89,960 shares in the company, valued at approximately $11,829,740. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the completion of the sale, the director now directly owns 208,505 shares in the company, valued at approximately $31,319,536.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,019 shares of company stock worth $5,390,191 in the last 90 days. Insiders own 6.80% of the company’s stock.

Expedia Group Trading Up 2.0 %

NASDAQ EXPE opened at $159.40 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.45. The business has a fifty day simple moving average of $146.71 and a 200 day simple moving average of $132.06. Expedia Group, Inc. has a 12 month low of $93.19 and a 12 month high of $164.65. The firm has a market capitalization of $20.75 billion, a P/E ratio of 28.46, a PEG ratio of 0.62 and a beta of 1.79.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, beating analysts’ consensus estimates of $3.17 by $0.34. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.53 billion. During the same period last year, the firm earned $2.34 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. On average, analysts predict that Expedia Group, Inc. will post 8.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on EXPE. Wells Fargo & Company upped their price target on shares of Expedia Group from $130.00 to $159.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Barclays decreased their target price on Expedia Group from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. UBS Group boosted their price target on Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Benchmark reaffirmed a “buy” rating and set a $180.00 price objective on shares of Expedia Group in a research report on Friday, August 9th. Finally, TD Cowen lowered shares of Expedia Group from a “buy” rating to a “hold” rating and lifted their price objective for the company from $130.00 to $150.00 in a research note on Wednesday, September 25th. Nineteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Expedia Group presently has a consensus rating of “Hold” and an average target price of $152.54.

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.