Truist Financial Corp Sells 2,556 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Truist Financial Corp reduced its position in Expedia Group, Inc. (NASDAQ:EXPEGet Rating) by 15.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,625 shares of the online travel company’s stock after selling 2,556 shares during the period. Truist Financial Corp’s holdings in Expedia Group were worth $1,277,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Texas Permanent School Fund lifted its holdings in shares of Expedia Group by 1.3% in the 2nd quarter. Texas Permanent School Fund now owns 19,736 shares of the online travel company’s stock worth $1,872,000 after purchasing an additional 250 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Expedia Group by 3.9% in the 2nd quarter. Jennison Associates LLC now owns 178,053 shares of the online travel company’s stock worth $16,885,000 after purchasing an additional 6,632 shares in the last quarter. IFM Investors Pty Ltd raised its position in Expedia Group by 4.6% in the 2nd quarter. IFM Investors Pty Ltd now owns 25,632 shares of the online travel company’s stock valued at $2,431,000 after buying an additional 1,138 shares during the last quarter. Principal Financial Group Inc. raised its position in Expedia Group by 6.1% in the 2nd quarter. Principal Financial Group Inc. now owns 197,986 shares of the online travel company’s stock valued at $18,775,000 after buying an additional 11,389 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its position in Expedia Group by 48.9% in the 2nd quarter. Treasurer of the State of North Carolina now owns 79,583 shares of the online travel company’s stock valued at $7,547,000 after buying an additional 26,151 shares during the last quarter. 89.89% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EXPE. Truist Financial lowered their price target on Expedia Group from $185.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Credit Suisse Group lowered their price target on Expedia Group from $216.00 to $176.00 and set an “outperform” rating for the company in a research report on Friday, November 4th. Jefferies Financial Group lowered their price target on Expedia Group from $120.00 to $100.00 and set a “hold” rating for the company in a research report on Thursday, October 6th. Cowen lowered their price target on Expedia Group from $134.00 to $120.00 in a research report on Friday, November 4th. Finally, Piper Sandler decreased their target price on Expedia Group from $155.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, November 4th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $145.79.

Insider Transactions at Expedia Group

In related news, CAO Lance A. Soliday sold 635 shares of the stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $100.18, for a total value of $63,614.30. Following the transaction, the chief accounting officer now owns 8,949 shares of the company’s stock, valued at $896,510.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 7.52% of the stock is currently owned by insiders.

Expedia Group Stock Performance

NASDAQ:EXPE opened at $103.87 on Thursday. The stock has a market cap of $16.21 billion, a P/E ratio of 38.05, a PEG ratio of 1.10 and a beta of 1.56. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.68. The business’s 50-day moving average price is $95.52 and its two-hundred day moving average price is $98.24. Expedia Group, Inc. has a twelve month low of $82.39 and a twelve month high of $217.72.

Expedia Group (NASDAQ:EXPEGet Rating) last announced its earnings results on Thursday, November 3rd. The online travel company reported $3.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.05. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.55 billion. Expedia Group had a net margin of 4.95% and a return on equity of 24.05%. As a group, equities analysts predict that Expedia Group, Inc. will post 5.66 EPS for the current fiscal year.

Expedia Group Company Profile

(Get Rating)

Expedia Group, Inc is an online travel company, which engages in the provision of travel products and services to leisure and corporate travelers. It operates through the following business segments: Retail, B2B and trivago. The Retail segment provides a full range of travel and advertising services to worldwide customers through a variety of consumer brands including: Expedia.com and Hotels.com.

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

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