Virginia Retirement Systems ET AL Acquires 49,700 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Virginia Retirement Systems ET AL increased its holdings in Expedia Group, Inc. (NASDAQ:EXPEGet Rating) by 198.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,800 shares of the online travel company’s stock after buying an additional 49,700 shares during the period. Virginia Retirement Systems ET AL’s holdings in Expedia Group were worth $14,636,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of EXPE. Allspring Global Investments Holdings LLC bought a new position in Expedia Group in the fourth quarter worth approximately $340,250,000. Third Point LLC bought a new position in Expedia Group in the fourth quarter worth approximately $236,266,000. D1 Capital Partners L.P. raised its stake in Expedia Group by 10.5% in the fourth quarter. D1 Capital Partners L.P. now owns 12,683,542 shares of the online travel company’s stock worth $2,292,170,000 after buying an additional 1,200,900 shares in the last quarter. BlackRock Inc. raised its stake in Expedia Group by 4.8% in the fourth quarter. BlackRock Inc. now owns 10,220,557 shares of the online travel company’s stock worth $1,847,057,000 after buying an additional 469,338 shares in the last quarter. Finally, Artemis Investment Management LLP raised its stake in Expedia Group by 304.4% in the fourth quarter. Artemis Investment Management LLP now owns 591,362 shares of the online travel company’s stock worth $106,787,000 after buying an additional 445,123 shares in the last quarter. 96.08% of the stock is owned by institutional investors.

In other Expedia Group news, CAO Lance A. Soliday sold 376 shares of the company’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $124.12, for a total value of $46,669.12. Following the completion of the transaction, the chief accounting officer now owns 8,949 shares in the company, valued at $1,110,749.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $172.94, for a total transaction of $1,729,400.00. Following the completion of the transaction, the director now owns 252,112 shares of the company’s stock, valued at approximately $43,600,249.28. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.

NASDAQ:EXPE opened at $96.40 on Friday. Expedia Group, Inc. has a one year low of $90.37 and a one year high of $217.72. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $15.14 billion, a price-to-earnings ratio of 83.10, a PEG ratio of 1.42 and a beta of 1.53. The firm’s fifty day moving average is $126.38 and its two-hundred day moving average is $164.94.

Expedia Group (NASDAQ:EXPEGet Rating) last posted its quarterly earnings results on Monday, May 2nd. The online travel company reported ($0.93) EPS for the quarter, missing the consensus estimate of ($0.69) by ($0.24). The business had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Expedia Group had a net margin of 4.87% and a return on equity of 11.93%. During the same period in the previous year, the company posted ($2.59) earnings per share. As a group, equities research analysts predict that Expedia Group, Inc. will post 4.8 earnings per share for the current fiscal year.

Several equities analysts have issued reports on the stock. Benchmark lifted their price target on shares of Expedia Group from $265.00 to $275.00 in a report on Tuesday, May 3rd. Argus cut their price target on shares of Expedia Group from $240.00 to $220.00 in a report on Thursday, April 7th. Piper Sandler cut their price target on shares of Expedia Group from $225.00 to $155.00 and set an “overweight” rating on the stock in a report on Tuesday. BTIG Research cut their price target on shares of Expedia Group from $235.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, June 15th. Finally, Mizuho lifted their price target on shares of Expedia Group from $155.00 to $172.00 in a report on Tuesday, May 3rd. Thirteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $194.85.

Expedia Group Profile (Get Rating)

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio include Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, and CheapTickets travel websites; ebookers, an online EMEA travel agent for travelers an array of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental booking service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.

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

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