New York State Teachers Retirement System Reduces Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

New York State Teachers Retirement System reduced its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 10.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 129,612 shares of the online travel company's stock after selling 15,495 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of Expedia Group worth $16,330,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Hohimer Wealth Management LLC grew its stake in shares of Expedia Group by 1.2% in the 4th quarter. Hohimer Wealth Management LLC now owns 6,711 shares of the online travel company's stock valued at $1,019,000 after purchasing an additional 78 shares during the period. Parallel Advisors LLC grew its position in Expedia Group by 7.4% during the 4th quarter. Parallel Advisors LLC now owns 1,163 shares of the online travel company's stock worth $176,000 after acquiring an additional 80 shares during the last quarter. Private Advisor Group LLC grew its position in Expedia Group by 0.4% during the 1st quarter. Private Advisor Group LLC now owns 24,351 shares of the online travel company's stock worth $3,354,000 after acquiring an additional 87 shares during the last quarter. First Trust Direct Indexing L.P. grew its position in Expedia Group by 5.8% during the 1st quarter. First Trust Direct Indexing L.P. now owns 1,601 shares of the online travel company's stock worth $221,000 after acquiring an additional 88 shares during the last quarter. Finally, Commerce Bank grew its position in Expedia Group by 4.3% during the 4th quarter. Commerce Bank now owns 2,304 shares of the online travel company's stock worth $350,000 after acquiring an additional 96 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Stock Up 3.8 %

Shares of NASDAQ EXPE traded up $5.01 during mid-day trading on Friday, hitting $138.13. The company had a trading volume of 1,303,085 shares, compared to its average volume of 2,404,753. The company has a market capitalization of $18.83 billion, a PE ratio of 25.87, a price-to-earnings-growth ratio of 0.46 and a beta of 1.78. The firm has a 50-day simple moving average of $127.66 and a two-hundred day simple moving average of $128.33. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 2.93. Expedia Group, Inc. has a one year low of $92.48 and a one year high of $160.05.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, beating the consensus estimate of $3.17 by $0.34. The company had revenue of $3.56 billion during the quarter, compared to analysts' expectations of $3.53 billion. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. Expedia Group's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.34 EPS. On average, equities analysts expect that Expedia Group, Inc. will post 9.28 EPS for the current year.

Insider Activity at Expedia Group

In related news, CAO Lance A. Soliday sold 544 shares of the firm's stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $113.38, for a total value of $61,678.72. Following the completion of the sale, the chief accounting officer now directly owns 11,187 shares in the company, valued at approximately $1,268,382.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Expedia Group news, CAO Lance A. Soliday sold 544 shares of the firm's stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $113.38, for a total transaction of $61,678.72. Following the completion of the sale, the chief accounting officer now directly owns 11,187 shares in the company, valued at $1,268,382.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 12,602 shares of the firm's 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 sale, the insider now owns 89,960 shares of the company's stock, valued at $11,829,740. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,563 shares of company stock worth $2,447,970. Insiders own 8.07% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. DA Davidson restated a "neutral" rating and set a $135.00 price target on shares of Expedia Group in a research report on Friday, August 9th. Wedbush increased their price target on Expedia Group from $125.00 to $130.00 and gave the stock a "neutral" rating in a research report on Friday, August 9th. TD Cowen decreased their price target on Expedia Group from $165.00 to $130.00 and set a "buy" rating on the stock in a research report on Friday, May 3rd. Piper Sandler reaffirmed a "neutral" rating and set a $140.00 price objective (down previously from $145.00) on shares of Expedia Group in a report on Friday, August 9th. Finally, Citigroup upped their price objective on Expedia Group from $140.00 to $145.00 and gave the stock a "neutral" rating in a report on Friday, August 9th. Sixteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Expedia Group currently has an average rating of "Hold" and a consensus price target of $148.75.

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.