New York State Teachers Retirement System Has $16.73 Million Stake in Expedia Group, Inc. (NASDAQ:EXPE)

New York State Teachers Retirement System reduced its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 12.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,040 shares of the online travel company's stock after selling 16,572 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Expedia Group worth $16,732,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. grew its position in Expedia Group by 36.8% in the 2nd quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company's stock valued at $334,403,000 after buying an additional 714,229 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Expedia Group by 14.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,054,485 shares of the online travel company's stock valued at $132,851,000 after acquiring an additional 135,973 shares during the period. Clearbridge Investments LLC raised its holdings in Expedia Group by 3.1% during the first quarter. Clearbridge Investments LLC now owns 971,327 shares of the online travel company's stock worth $133,800,000 after purchasing an additional 29,294 shares in the last quarter. AustralianSuper Pty Ltd lifted its position in Expedia Group by 88.8% in the second quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company's stock worth $94,903,000 after purchasing an additional 354,389 shares during the period. Finally, Acadian Asset Management LLC increased its position in shares of Expedia Group by 414.4% during the 1st quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company's stock valued at $94,512,000 after purchasing an additional 552,831 shares during the period. Institutional investors own 90.76% of the company's stock.

Insider Activity at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $150.21, for a total value of $1,502,100.00. Following the transaction, the director now directly owns 208,505 shares in the company, valued at approximately $31,319,536.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $134.60, for a total value of $729,128.20. Following the completion of the sale, the insider now directly owns 84,543 shares of the company's stock, valued at $11,379,487.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm's stock in a transaction on Friday, September 27th. The stock was sold at an average price of $150.21, for a total transaction of $1,502,100.00. Following the completion of the sale, the director now owns 208,505 shares in the company, valued at $31,319,536.05. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,019 shares of company stock worth $5,390,191. 6.80% of the stock is owned by insiders.

Expedia Group Stock Up 2.0 %

Shares of EXPE traded up $3.09 during trading hours on Friday, hitting $159.40. 1,212,229 shares of the company were exchanged, compared to its average volume of 2,174,946. The firm's 50 day moving average is $146.71 and its 200-day moving average is $132.06. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.76 and a current ratio of 0.76. Expedia Group, Inc. has a 52 week low of $93.19 and a 52 week high of $164.65. The company has a market cap of $20.75 billion, a PE ratio of 28.46, a PEG ratio of 0.62 and a beta of 1.79.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 EPS for the quarter, beating the consensus estimate of $3.17 by $0.34. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter last year, the company posted $2.34 earnings per share. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that Expedia Group, Inc. will post 8.99 EPS for the current fiscal year.

Analyst Ratings Changes

EXPE has been the topic of several research reports. TD Cowen downgraded shares of Expedia Group from a "buy" rating to a "hold" rating and upped their price target for the company from $130.00 to $150.00 in a report on Wednesday, September 25th. Benchmark restated a "buy" rating and issued a $180.00 price target on shares of Expedia Group in a research report on Friday, August 9th. Jefferies Financial Group increased their price objective on Expedia Group from $145.00 to $160.00 and gave the company a "hold" rating in a research report on Tuesday, October 22nd. StockNews.com upgraded Expedia Group from a "buy" rating to a "strong-buy" rating in a report on Friday. Finally, Susquehanna upped their target price on Expedia Group from $125.00 to $145.00 and gave the company a "neutral" rating in a report on Monday, August 12th. Nineteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $152.54.

Expedia Group Company 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.