New York State Common Retirement Fund Sells 5,261,330 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

New York State Common Retirement Fund cut its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 96.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 212,655 shares of the online travel company's stock after selling 5,261,330 shares during the quarter. New York State Common Retirement Fund owned about 0.16% of Expedia Group worth $31,477,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its stake in shares of Expedia Group by 36.8% during the second quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company's stock valued at $334,403,000 after purchasing an additional 714,229 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Expedia Group by 14.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,054,485 shares of the online travel company's stock worth $132,851,000 after buying an additional 135,973 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Expedia Group by 3.1% during the 1st quarter. Clearbridge Investments LLC now owns 971,327 shares of the online travel company's stock worth $133,800,000 after buying an additional 29,294 shares in the last quarter. AustralianSuper Pty Ltd lifted its stake in shares of Expedia Group by 8.5% in the 3rd quarter. AustralianSuper Pty Ltd now owns 817,592 shares of the online travel company's stock worth $121,020,000 after acquiring an additional 64,332 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in shares of Expedia Group by 414.4% in the first quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company's stock valued at $94,512,000 after acquiring an additional 552,831 shares in the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Stock Up 2.0 %

Shares of NASDAQ:EXPE traded up $3.09 during midday trading on Friday, hitting $159.40. 1,212,229 shares of the stock were exchanged, compared to its average volume of 1,511,625. The company has a market capitalization of $20.75 billion, a PE ratio of 28.46, a P/E/G ratio of 0.61 and a beta of 1.78. Expedia Group, Inc. has a 52-week low of $93.19 and a 52-week high of $164.65. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.76 and a current ratio of 0.76. The business's fifty day simple moving average is $146.71 and its two-hundred day simple moving average is $132.08.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share (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 business had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.53 billion. During the same period in the previous year, the company earned $2.34 EPS. The firm's revenue was up 6.0% on a year-over-year basis. As a group, research analysts predict that Expedia Group, Inc. will post 8.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. BTIG Research boosted their price objective on Expedia Group from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $130.00 price target on shares of Expedia Group in a research report on Monday, October 7th. DA Davidson restated a "neutral" rating and set a $135.00 price objective on shares of Expedia Group in a research report on Friday, August 9th. TD Cowen downgraded shares of Expedia Group from a "buy" rating to a "hold" rating and boosted their target price for the stock from $130.00 to $150.00 in a report on Wednesday, September 25th. Finally, Susquehanna raised their target price on shares of Expedia Group from $125.00 to $145.00 and gave the stock a "neutral" rating in a report on Monday, August 12th. Nineteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $152.54.

Insider Buying and Selling at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the transaction, the director now owns 198,505 shares in the company, valued at $29,811,480.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Dara Khosrowshahi sold 10,000 shares of the company's stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $150.18, for a total transaction of $1,501,800.00. Following the completion of the sale, the director now owns 198,505 shares in the company, valued at approximately $29,811,480.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 5,417 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now directly owns 84,543 shares in the company, valued at $11,379,487.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,019 shares of company stock worth $5,390,191 over the last ninety days. 6.80% of the stock is currently owned by insiders.

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.