Retirement Systems of Alabama lifted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE – Get Rating) by 2.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,777 shares of the online travel company’s stock after buying an additional 1,399 shares during the quarter. Retirement Systems of Alabama’s holdings in Expedia Group were worth $9,740,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in EXPE. Selective Wealth Management Inc. acquired a new position in shares of Expedia Group during the 4th quarter worth approximately $27,000. Lindbrook Capital LLC raised its stake in shares of Expedia Group by 116.7% during the 4th quarter. Lindbrook Capital LLC now owns 156 shares of the online travel company’s stock worth $28,000 after buying an additional 84 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Expedia Group by 41.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the online travel company’s stock worth $36,000 after buying an additional 58 shares during the period. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in Expedia Group in the 4th quarter valued at $45,000. Finally, Hoey Investments Inc. acquired a new position in Expedia Group in the 4th quarter valued at $54,000. 96.08% of the stock is owned by institutional investors and hedge funds.
EXPE stock opened at $96.40 on Tuesday. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $15.14 billion, a P/E ratio of 83.10, a P/E/G ratio of 1.41 and a beta of 1.61. The business’s 50-day moving average is $124.57 and its two-hundred day moving average is $164.63. Expedia Group, Inc. has a 1 year low of $90.37 and a 1 year high of $217.72.
Expedia Group (NASDAQ:EXPE – Get Rating) last issued its earnings results on Monday, May 2nd. The online travel company reported ($0.93) earnings per share for the quarter, missing the consensus estimate of ($0.69) by ($0.24). Expedia Group had a return on equity of 11.93% and a net margin of 4.87%. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period last year, the business posted ($2.59) EPS. On average, analysts expect that Expedia Group, Inc. will post 4.57 EPS for the current year.
In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $172.94, for a total transaction of $1,729,400.00. Following the transaction, the director now owns 252,112 shares of the company’s stock, valued at $43,600,249.28. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Lance A. Soliday sold 376 shares of Expedia Group stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $124.12, for a total value of $46,669.12. Following the transaction, the chief accounting officer now directly owns 8,949 shares in the company, valued at approximately $1,110,749.88. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by company insiders.
Several research analysts recently commented on EXPE shares. StockNews.com raised Expedia Group from a “hold” rating to a “buy” rating in a research note on Thursday, May 5th. Truist Financial reduced their price objective on Expedia Group from $260.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, June 3rd. Benchmark increased their price objective on Expedia Group from $265.00 to $275.00 in a research note on Tuesday, May 3rd. JPMorgan Chase & Co. reduced their price objective on Expedia Group from $206.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, June 29th. Finally, The Goldman Sachs Group dropped their target price on Expedia Group from $206.00 to $173.00 and set a “buy” rating for the company in a report on Thursday, June 9th. Thirteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Expedia Group currently has an average rating of “Hold” and an average price target of $194.85.
Expedia Group Company Profile (Get Rating)
Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio include Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, and CheapTickets travel websites; ebookers, an online EMEA travel agent for travelers an array of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental booking service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.
Want More Great Investing Ideas?
Receive News & Ratings for Expedia Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Expedia Group and related companies with MarketBeat.com’s FREE daily email newsletter.