State of New Jersey Common Pension Fund D Sells 4,979 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

State of New Jersey Common Pension Fund D lowered its stake in shares of Expedia Group, Inc. (NASDAQ:EXPEFree Report) by 5.7% during the third quarter, Holdings Channel.com reports. The firm owned 81,815 shares of the online travel company’s stock after selling 4,979 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Expedia Group were worth $8,433,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in EXPE. Almanack Investment Partners LLC. acquired a new stake in Expedia Group in the third quarter worth about $26,000. Clear Street Markets LLC boosted its holdings in Expedia Group by 88.3% in the first quarter. Clear Street Markets LLC now owns 290 shares of the online travel company’s stock worth $28,000 after acquiring an additional 136 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in Expedia Group by 114.4% in the second quarter. Lindbrook Capital LLC now owns 268 shares of the online travel company’s stock worth $29,000 after acquiring an additional 143 shares in the last quarter. UMB Bank n.a. boosted its holdings in Expedia Group by 79.7% in the third quarter. UMB Bank n.a. now owns 354 shares of the online travel company’s stock worth $36,000 after acquiring an additional 157 shares in the last quarter. Finally, Money Concepts Capital Corp boosted its holdings in Expedia Group by 626.8% in the fourth quarter. Money Concepts Capital Corp now owns 407 shares of the online travel company’s stock worth $36,000 after acquiring an additional 351 shares in the last quarter. Institutional investors own 91.15% of the company’s stock.

Insider Transactions at Expedia Group

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $150.06, for a total transaction of $1,500,600.00. Following the transaction, the director now owns 236,521 shares of the company’s stock, valued at $35,492,341.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Robert J. Dzielak sold 70,000 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $134.50, for a total value of $9,415,000.00. Following the transaction, the insider now owns 72,266 shares of the company’s stock, valued at approximately $9,719,777. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $150.06, for a total value of $1,500,600.00. Following the completion of the transaction, the director now directly owns 236,521 shares in the company, valued at approximately $35,492,341.26. The disclosure for this sale can be found here. Insiders have sold 100,477 shares of company stock valued at $13,989,925 over the last ninety days. Insiders own 8.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on EXPE shares. Oppenheimer reaffirmed an “outperform” rating and set a $175.00 target price on shares of Expedia Group in a report on Monday, February 5th. The Goldman Sachs Group lifted their target price on Expedia Group from $155.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Wells Fargo & Company decreased their target price on Expedia Group from $159.00 to $155.00 and set an “equal weight” rating for the company in a report on Friday. Bank of America downgraded Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 target price for the company. in a report on Friday. Finally, Piper Sandler lifted their target price on Expedia Group from $119.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, November 3rd. Fourteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $149.29.

Read Our Latest Stock Report on EXPE

Expedia Group Stock Performance

Shares of NASDAQ:EXPE opened at $131.11 on Monday. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.78 and a quick ratio of 0.80. The business’s 50 day moving average price is $148.98 and its 200-day moving average price is $123.76. The firm has a market capitalization of $18.20 billion, a PE ratio of 24.37, a P/E/G ratio of 0.39 and a beta of 1.90. Expedia Group, Inc. has a 1 year low of $87.94 and a 1 year high of $160.05.

Expedia Group declared that its Board of Directors has approved a stock buyback plan on Thursday, November 2nd that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the online travel company to buy up to 30.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.

Expedia Group Profile

(Free Report)

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio includes Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz; Travelocity; Wotif Group; CheapTickets; ebookers; Expedia; Hotwire; CarRentals.com; Classic Vacations; and Expedia Cruise.

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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