Expedia Group, Inc. (NASDAQ:EXPE) Director Dara Khosrowshahi Sells 10,000 Shares

Expedia Group, Inc. (NASDAQ:EXPE) Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $156.87, for a total transaction of $1,568,700.00. Following the transaction, the director now owns 188,505 shares of the company’s stock, valued at approximately $29,570,779.35. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Dara Khosrowshahi also recently made the following trade(s):

• On Friday, October 4th, Dara Khosrowshahi sold 10,000 shares of Expedia Group stock. The stock was sold at an average price of $150.18, for a total transaction of $1,501,800.00.
• On Friday, September 27th, Dara Khosrowshahi sold 10,000 shares of Expedia Group stock. The stock was sold at an average price of $150.21, for a total transaction of $1,502,100.00.

Expedia Group Trading Up 1.1 %

NASDAQ:EXPE opened at $161.11 on Tuesday. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $164.65. The firm has a market cap of $20.97 billion, a price-to-earnings ratio of 28.77, a P/E/G ratio of 0.61 and a beta of 1.78. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45. The company’s 50 day moving average is $147.19 and its 200-day moving average is $132.31.

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

Institutional Investors Weigh In On Expedia Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. DoubleLine ETF Adviser LP acquired a new stake in shares of Expedia Group in the second quarter worth $465,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Expedia Group by 1.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 343,389 shares of the online travel company’s stock worth $47,302,000 after acquiring an additional 6,432 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Expedia Group by 18.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 154,867 shares of the online travel company’s stock worth $21,333,000 after buying an additional 23,939 shares in the last quarter. Swedbank AB boosted its stake in Expedia Group by 5.0% during the second quarter. Swedbank AB now owns 169,076 shares of the online travel company’s stock worth $21,302,000 after buying an additional 8,026 shares in the last quarter. Finally, Forsta AP Fonden boosted its stake in Expedia Group by 26.6% during the third quarter. Forsta AP Fonden now owns 42,300 shares of the online travel company’s stock worth $6,261,000 after buying an additional 8,900 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. TD Cowen cut shares of Expedia Group from a “buy” rating to a “hold” rating and raised their target price for the stock from $130.00 to $150.00 in a report on Wednesday, September 25th. Bank of America increased their price target on shares of Expedia Group from $144.00 to $166.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. UBS Group increased their price target on shares of Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Truist Financial initiated coverage on shares of Expedia Group in a research report on Friday, September 6th. They issued a “hold” rating and a $148.00 price target for the company. Finally, Jefferies Financial Group increased their price target on shares of Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Nineteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $152.54.

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.