Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama cut its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 3.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,097 shares of the online travel company’s stock after selling 905 shares during the quarter. Retirement Systems of Alabama’s holdings in Expedia Group were worth $4,011,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caprock Group LLC boosted its holdings in shares of Expedia Group by 33.7% in the third quarter. Caprock Group LLC now owns 10,191 shares of the online travel company’s stock valued at $1,508,000 after acquiring an additional 2,569 shares in the last quarter. Cozad Asset Management Inc. boosted its holdings in Expedia Group by 16.9% in the 3rd quarter. Cozad Asset Management Inc. now owns 30,823 shares of the online travel company’s stock valued at $4,562,000 after purchasing an additional 4,449 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Expedia Group by 13.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 649,716 shares of the online travel company’s stock valued at $96,171,000 after purchasing an additional 75,120 shares in the last quarter. Integrated Investment Consultants LLC purchased a new position in shares of Expedia Group during the 3rd quarter worth approximately $527,000. Finally, DoubleLine ETF Adviser LP acquired a new stake in shares of Expedia Group in the 2nd quarter valued at approximately $465,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 1,951 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $180.00, for a total transaction of $351,180.00. Following the completion of the sale, the insider now owns 85,250 shares of the company’s stock, valued at approximately $15,345,000. The trade was a 2.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Lance A. Soliday sold 7,000 shares of Expedia Group stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $181.99, for a total value of $1,273,930.00. Following the completion of the transaction, the chief accounting officer now directly owns 11,187 shares in the company, valued at $2,035,922.13. This represents a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,951 shares of company stock worth $6,197,710. 6.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

EXPE has been the subject of several research analyst reports. Robert W. Baird started coverage on Expedia Group in a research report on Wednesday, November 27th. They issued an “outperform” rating and a $225.00 price objective for the company. Morgan Stanley raised their price objective on shares of Expedia Group from $150.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. Susquehanna upped their target price on shares of Expedia Group from $145.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. BTIG Research lifted their price target on shares of Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company upped their price target on Expedia Group from $130.00 to $159.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Twenty research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $169.70.

Expedia Group Stock Up 1.8 %

EXPE opened at $179.41 on Friday. The stock has a market capitalization of $23.03 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 1.07 and a beta of 1.84. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $192.34. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. The business has a 50-day moving average of $174.04 and a two-hundred day moving average of $146.60.

Expedia Group 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.