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

Principal Financial Group Inc. lessened its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 2.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 167,249 shares of the online travel company's stock after selling 4,796 shares during the quarter. Principal Financial Group Inc. owned 0.13% of Expedia Group worth $24,756,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its holdings in shares of Expedia Group by 16.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 63,372 shares of the online travel company's stock valued at $7,984,000 after buying an additional 8,778 shares during the period. Panagora Asset Management Inc. increased its stake in Expedia Group by 92.1% during the second quarter. Panagora Asset Management Inc. now owns 121,620 shares of the online travel company's stock worth $15,323,000 after purchasing an additional 58,308 shares during the period. Innealta Capital LLC acquired a new stake in shares of Expedia Group during the second quarter worth about $27,000. Millington Financial Advisors LLC purchased a new position in shares of Expedia Group in the second quarter valued at approximately $1,587,000. Finally, Hantz Financial Services Inc. purchased a new position in shares of Expedia Group in the second quarter valued at approximately $368,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Stock Performance

Shares of EXPE traded up $0.44 during mid-day trading on Thursday, hitting $190.12. 878,562 shares of the company's stock were exchanged, compared to its average volume of 2,069,962. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $192.34. The business's 50 day moving average is $177.68 and its two-hundred day moving average is $149.07. The firm has a market capitalization of $24.40 billion, a P/E ratio of 24.47, a P/E/G ratio of 1.07 and a beta of 1.84.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EXPE shares. Baird R W raised shares of Expedia Group to a "strong-buy" rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. increased their price objective on Expedia Group from $135.00 to $170.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Truist Financial started coverage on Expedia Group in a research note on Friday, September 6th. They set a "hold" rating and a $148.00 target price for the company. Susquehanna increased their price target on Expedia Group from $145.00 to $190.00 and gave the company a "neutral" rating in a research report on Monday, November 11th. Finally, DA Davidson boosted their price objective on Expedia Group from $135.00 to $190.00 and gave the stock a "neutral" rating in a research report on Monday, November 18th. Twenty equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Expedia Group presently has a consensus rating of "Hold" and a consensus price target of $169.70.

Insider Buying and Selling at Expedia Group

In related news, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $180.00, for a total transaction of $351,180.00. Following the completion of the transaction, the insider now directly owns 85,250 shares of the company's stock, valued at $15,345,000. This represents a 2.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $150.18, for a total value of $1,501,800.00. Following the completion of the sale, the director now directly owns 198,505 shares in the company, valued at $29,811,480.90. This represents a 4.80 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,951 shares of company stock worth $6,197,710. 6.80% of the stock is currently owned by insiders.

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.