Principal Financial Group Inc. Reduces Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Principal Financial Group Inc. reduced its position in Expedia Group, Inc. (NASDAQ:EXPE) by 2.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,438 shares of the online travel company’s stock after selling 4,615 shares during the period. Principal Financial Group Inc.’s holdings in Expedia Group were worth $31,377,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXPE. Meeder Asset Management Inc. increased its position in Expedia Group by 8.3% during the third quarter. Meeder Asset Management Inc. now owns 732 shares of the online travel company’s stock worth $120,000 after buying an additional 56 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in Expedia Group by 3.1% during the third quarter. Stratos Wealth Partners LTD. now owns 2,043 shares of the online travel company’s stock worth $335,000 after buying an additional 61 shares in the last quarter. Summit X LLC increased its position in Expedia Group by 2.3% during the third quarter. Summit X LLC now owns 2,933 shares of the online travel company’s stock worth $478,000 after buying an additional 65 shares in the last quarter. Cerity Partners LLC increased its position in Expedia Group by 4.3% during the third quarter. Cerity Partners LLC now owns 1,667 shares of the online travel company’s stock worth $273,000 after buying an additional 69 shares in the last quarter. Finally, Trust Asset Management LLC increased its position in Expedia Group by 7.4% during the third quarter. Trust Asset Management LLC now owns 1,344 shares of the online travel company’s stock worth $220,000 after buying an additional 93 shares in the last quarter. 92.04% of the stock is owned by hedge funds and other institutional investors.

EXPE has been the topic of several analyst reports. Barclays raised their price objective on Expedia Group from $180.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, November 5th. Royal Bank of Canada raised their price objective on Expedia Group from $165.00 to $180.00 and gave the stock a “sector perform” rating in a report on Friday, November 5th. UBS Group assumed coverage on Expedia Group in a report on Thursday, December 2nd. They set a “neutral” rating and a $173.00 price objective on the stock. Stifel Nicolaus lifted their target price on Expedia Group from $180.00 to $190.00 and gave the company a “hold” rating in a report on Friday. Finally, TheStreet cut Expedia Group from a “b-” rating to a “c” rating in a research note on Tuesday, November 30th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Expedia Group presently has a consensus rating of “Hold” and an average target price of $188.93.

In related news, insider Robert J. Dzielak sold 70,000 shares of the company’s stock in a transaction on Tuesday, November 9th. The shares were sold at an average price of $187.50, for a total value of $13,125,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Dzielak sold 7,741 shares of the company’s stock in a transaction on Tuesday, January 4th. The stock was sold at an average price of $190.15, for a total transaction of $1,471,951.15. The disclosure for this sale can be found here. Insiders sold 166,569 shares of company stock worth $29,968,561 over the last ninety days. 5.00% of the stock is currently owned by company insiders.

Shares of NASDAQ:EXPE opened at $184.40 on Friday. The company’s fifty day moving average is $174.43 and its two-hundred day moving average is $163.80. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.93 and a quick ratio of 0.93. Expedia Group, Inc. has a 12-month low of $118.30 and a 12-month high of $191.85.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, November 4th. The online travel company reported $3.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $2.31. Expedia Group had a negative net margin of 10.46% and a negative return on equity of 14.40%. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the prior year, the business posted ($0.49) earnings per share. Expedia Group’s revenue for the quarter was up 96.9% compared to the same quarter last year. On average, equities research analysts forecast that Expedia Group, Inc. will post -0.74 EPS for the current fiscal year.

Expedia Group Profile

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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