State of New Jersey Common Pension Fund D Decreases Position in Expedia Group, Inc. (NASDAQ:EXPE)

State of New Jersey Common Pension Fund D decreased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,718 shares of the online travel company’s stock after selling 2,097 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.06% of Expedia Group worth $12,100,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. City State Bank lifted its stake in Expedia Group by 157.3% during 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 last quarter. CVA Family Office LLC purchased a new stake in Expedia Group during the fourth quarter worth approximately $32,000. MV Capital Management Inc. lifted its stake 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 worth $48,000 after purchasing an additional 245 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Expedia Group by 173.0% during the third quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock worth $35,000 after purchasing an additional 218 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in Expedia Group by 79.7% during the third quarter. UMB Bank n.a. now owns 354 shares of the online travel company’s stock worth $36,000 after purchasing an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Price Performance

EXPE traded up $0.45 during trading on Thursday, reaching $136.25. 1,501,543 shares of the stock were exchanged, compared to its average volume of 2,422,239. The business’s 50 day moving average price is $134.36 and its two-hundred day moving average price is $133.66. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market capitalization of $18.57 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 0.41 and a beta of 1.86. Expedia Group, Inc. has a 1 year low of $87.94 and a 1 year high of $160.05.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.10. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. Expedia Group had a return on equity of 35.79% and a net margin of 6.21%. As a group, equities research analysts anticipate that Expedia Group, Inc. will post 9.72 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 5,119 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total value of $702,377.99. Following the sale, the chief accounting officer now directly owns 10,880 shares in the company, valued at $1,492,844.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Lance A. Soliday sold 5,119 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total value of $702,377.99. Following the sale, the chief accounting officer now directly owns 10,880 shares in the company, valued at $1,492,844.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s 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 owns 216,521 shares in the company, valued at $32,486,810.84. The disclosure for this sale can be found here. 8.07% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on EXPE shares. Wedbush reaffirmed a “neutral” rating and set a $130.00 price target on shares of Expedia Group in a research report on Thursday, April 18th. Ascendiant Capital Markets lifted their price target on Expedia Group from $133.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, December 29th. Oppenheimer reaffirmed an “outperform” rating and set a $175.00 price target on shares of Expedia Group in a research report on Monday, February 5th. Benchmark lifted their price target on Expedia Group from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Finally, Wells Fargo & Company cut their price target on Expedia Group from $159.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Friday, February 9th. Thirteen analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Expedia Group has an average rating of “Moderate Buy” and an average price target 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.