Expedia Group, Inc. (NASDAQ:EXPE) Stock Holdings Cut by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lessened its position in Expedia Group, Inc. (NASDAQ:EXPE) by 5.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,200 shares of the online travel company’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Expedia Group were worth $907,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EXPE. 1620 Investment Advisors Inc. acquired a new stake in Expedia Group in the 2nd quarter valued at about $109,000. Lecap Asset Management Ltd. lifted its stake in Expedia Group by 2.0% during the second quarter. Lecap Asset Management Ltd. now owns 5,838 shares of the online travel company’s stock valued at $736,000 after purchasing an additional 113 shares during the last quarter. GFG Capital LLC bought a new stake in Expedia Group during the second quarter worth approximately $268,000. Central Bank & Trust Co. boosted its holdings in Expedia Group by 17.9% during the second quarter. Central Bank & Trust Co. now owns 5,261 shares of the online travel company’s stock worth $663,000 after buying an additional 800 shares in the last quarter. Finally, Blue Trust Inc. increased 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 valued at $30,000 after buying an additional 105 shares in the last quarter. 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 the stock in a transaction that occurred 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 completion of the sale, the insider now owns 89,960 shares in the company, valued at approximately $11,829,740. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $134.60, for a total transaction of $729,128.20. Following the completion of the transaction, the insider now directly owns 84,543 shares in the company, valued at approximately $11,379,487.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert J. Dzielak sold 12,602 shares of the firm’s 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 completion of the sale, the insider now owns 89,960 shares in the company, valued at $11,829,740. The disclosure for this sale can be found here. Over the last ninety 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 Stock Down 0.8 %

Shares of Expedia Group stock opened at $139.72 on Thursday. Expedia Group, Inc. has a 12-month low of $92.48 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 stock has a 50 day moving average price of $128.55 and a two-hundred day moving average price of $127.97. The stock has a market capitalization of $19.04 billion, a P/E ratio of 26.16, a PEG ratio of 0.46 and a beta of 1.78.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.17 by $0.34. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. The business had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.53 billion. During the same period in the prior year, the firm earned $2.34 EPS. Expedia Group’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities analysts expect that Expedia Group, Inc. will post 9.28 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EXPE. Piper Sandler reaffirmed a “neutral” rating and set a $140.00 target price (down from $145.00) on shares of Expedia Group in a report on Friday, August 9th. Citigroup upped their price objective on shares of Expedia Group from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Wedbush lifted their target price on shares of Expedia Group from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Evercore ISI reduced their price target on shares of Expedia Group from $190.00 to $175.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. Finally, UBS Group lowered their price objective on shares of Expedia Group from $140.00 to $137.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Sixteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Expedia Group presently has an average rating of “Hold” and a consensus target price of $148.75.

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.