Retirement Systems of Alabama Sells 1,783 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Retirement Systems of Alabama lowered its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 5.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 29,384 shares of the online travel company’s stock after selling 1,783 shares during the quarter. Retirement Systems of Alabama’s holdings in Expedia Group were worth $4,460,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. City State Bank boosted its position in shares of Expedia Group by 157.3% in the fourth quarter. City State Bank now owns 193 shares of the online travel company’s stock worth $29,000 after purchasing an additional 118 shares during the period. CVA Family Office LLC bought a new position in Expedia Group in the 4th quarter worth $32,000. Parkside Financial Bank & Trust increased its stake in Expedia Group by 173.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock worth $35,000 after buying an additional 218 shares in the last quarter. MV Capital Management Inc. raised its holdings in Expedia Group by 335.6% during the fourth quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock valued at $48,000 after acquiring an additional 245 shares during the period. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of Expedia Group in the fourth quarter valued at about $65,000. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Price Performance

EXPE opened at $116.02 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 2.93. The stock has a market cap of $15.81 billion, a P/E ratio of 21.73, a PEG ratio of 0.35 and a beta of 1.83. Expedia Group, Inc. has a 52-week low of $88.81 and a 52-week high of $160.05. The business has a fifty day moving average of $133.43 and a 200 day moving average of $135.60.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.08 by $0.10. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.88 billion. As a group, sell-side analysts anticipate that Expedia Group, Inc. will post 9.7 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on EXPE shares. TD Cowen cut their target price on Expedia Group from $165.00 to $130.00 and set a “buy” rating for the company in a research report on Friday. Wedbush reduced their price objective on shares of Expedia Group from $130.00 to $125.00 and set a “neutral” rating on the stock in a research report on Friday. DA Davidson restated a “neutral” rating and set a $135.00 target price (down previously from $152.00) on shares of Expedia Group in a research report on Friday. JPMorgan Chase & Co. cut their target price on shares of Expedia Group from $136.00 to $128.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Wells Fargo & Company decreased their price target on shares of Expedia Group from $149.00 to $137.00 and set an “equal weight” rating on the stock in a research note on Friday. Sixteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $148.40.

Insider Buying and Selling at Expedia Group

In other news, CAO Lance A. Soliday sold 5,119 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total transaction of $702,377.99. Following the completion of the sale, the chief accounting officer now owns 10,880 shares in the company, valued at approximately $1,492,844.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.07% of the stock is owned by insiders.

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.