California Public Employees Retirement System Has $39.86 Million Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

California Public Employees Retirement System boosted its position in Expedia Group, Inc. (NASDAQ:EXPE) by 0.1% in the 4th quarter, HoldingsChannel reports. The firm owned 262,592 shares of the online travel company’s stock after acquiring an additional 235 shares during the period. California Public Employees Retirement System’s holdings in Expedia Group were worth $39,859,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Sigma Planning Corp acquired a new stake in Expedia Group in the 4th quarter valued at about $1,782,000. Signaturefd LLC raised its holdings in Expedia Group by 13.3% in the 4th quarter. Signaturefd LLC now owns 1,152 shares of the online travel company’s stock valued at $175,000 after acquiring an additional 135 shares during the period. Verdence Capital Advisors LLC bought a new position in shares of Expedia Group during the fourth quarter worth approximately $213,000. abrdn plc increased its holdings in shares of Expedia Group by 38.0% during the fourth quarter. abrdn plc now owns 59,905 shares of the online travel company’s stock worth $9,093,000 after purchasing an additional 16,485 shares during the period. Finally, Hunter Associates Investment Management LLC increased its holdings in shares of Expedia Group by 23.5% during the fourth quarter. Hunter Associates Investment Management LLC now owns 16,673 shares of the online travel company’s stock worth $2,528,000 after purchasing an additional 3,178 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of Expedia Group stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total value of $702,377.99. Following the completion of the sale, the chief accounting officer now directly owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $150.04, for a total value of $1,500,400.00. Following the completion of the sale, the director now directly owns 216,521 shares of the company’s stock, valued at $32,486,810.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Lance A. Soliday sold 5,119 shares of Expedia Group stock in a transaction on Thursday, February 22nd. The shares were 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 directly owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The disclosure for this sale can be found here. 8.07% of the stock is owned by insiders.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $135.70 on Friday. Expedia Group, Inc. has a twelve month low of $87.94 and a twelve month high of $160.05. The firm has a fifty day simple moving average of $134.32 and a 200 day simple moving average of $133.93. The company has a market capitalization of $18.49 billion, a PE ratio of 25.22, a P/E/G ratio of 0.42 and a beta of 1.86. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.24.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.10. Expedia Group had a net margin of 6.21% and a return on equity of 35.79%. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.88 billion. On average, sell-side analysts forecast that Expedia Group, Inc. will post 9.71 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Wedbush reaffirmed a “neutral” rating and set a $130.00 target price on shares of Expedia Group in a report on Thursday, April 18th. Bank of America cut shares of Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 price objective on the stock. in a research note on Friday, February 9th. Mizuho lifted their price objective on shares of Expedia Group from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. JPMorgan Chase & Co. lifted their price objective on shares of Expedia Group from $115.00 to $136.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Finally, Wells Fargo & Company decreased their price objective on shares of Expedia Group from $159.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Friday, February 9th. Thirteen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $149.12.

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.