Principal Financial Group Inc. Decreases Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Principal Financial Group Inc. reduced its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,249 shares of the online travel company's stock after selling 4,796 shares during the quarter. Principal Financial Group Inc. owned about 0.13% of Expedia Group worth $24,756,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Innealta Capital LLC acquired a new position in shares of Expedia Group in the 2nd quarter valued at $27,000. Blue Trust Inc. raised 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 during the last quarter. Crewe Advisors LLC acquired a new stake in Expedia Group during the 1st quarter worth approximately $40,000. LRI Investments LLC acquired a new stake in Expedia Group in the first quarter valued at $48,000. Finally, Cedar Wealth Management LLC acquired a new position in shares of Expedia Group in the first quarter worth about $49,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Robert J. Dzielak sold 12,602 shares of the company'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 transaction, the insider now owns 89,960 shares of the company's stock, valued at $11,829,740. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the firm's stock in a transaction that occurred on 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert J. Dzielak sold 12,602 shares of the firm's stock in a transaction that occurred on 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 sale, the insider now directly owns 89,960 shares of the company's stock, valued at $11,829,740. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,019 shares of company stock worth $6,958,891. Insiders own 6.80% of the company's stock.

Wall Street Analysts Forecast Growth

EXPE has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price target on Expedia Group from $135.00 to $170.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Citigroup lifted their price target on shares of Expedia Group from $140.00 to $145.00 and gave the company a "neutral" rating in a report on Friday, August 9th. TD Cowen downgraded shares of Expedia Group from a "buy" rating to a "hold" rating and boosted their price target for the company from $130.00 to $150.00 in a report on Wednesday, September 25th. Cantor Fitzgerald reissued a "neutral" rating and set a $130.00 price target on shares of Expedia Group in a report on Monday, October 7th. Finally, Wells Fargo & Company raised their price objective 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. Twenty analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $161.62.

Expedia Group Price Performance

EXPE stock traded down $2.05 during midday trading on Wednesday, reaching $179.95. 585,398 shares of the stock were exchanged, compared to its average volume of 2,174,715. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.76. The stock has a market capitalization of $23.43 billion, a PE ratio of 23.27, a P/E/G ratio of 0.70 and a beta of 1.78. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $190.40. The company has a fifty day moving average price of $151.62 and a 200 day moving average price of $134.10.

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.