Illinois Municipal Retirement Fund reduced its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 18.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,077 shares of the online travel company’s stock after selling 3,566 shares during the period. Illinois Municipal Retirement Fund’s holdings in Expedia Group were worth $2,767,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Crescent Capital Consulting LLC purchased a new position in shares of Expedia Group in the fourth quarter valued at approximately $26,000. Joseph P. Lucia & Associates LLC purchased a new position in Expedia Group in the first quarter worth approximately $31,000. Sterling Investment Advisors Ltd. lifted its stake in Expedia Group by 400.0% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 250 shares of the online travel company’s stock worth $33,000 after acquiring an additional 200 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Expedia Group in the fourth quarter worth approximately $38,000. Finally, Arkadios Wealth Advisors purchased a new stake in shares of Expedia Group during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 95.71% of the company’s stock.
NASDAQ:EXPE opened at $174.82 on Tuesday. The business’s 50-day moving average price is $175.42 and its 200 day moving average price is $142.38. The firm has a market cap of $25.15 billion, a P/E ratio of -11.19 and a beta of 1.74. Expedia Group, Inc. has a 52-week low of $58.39 and a 52-week high of $187.93. The company has a quick ratio of 1.19, a current ratio of 1.20 and a debt-to-equity ratio of 2.84.
Several analysts have recently weighed in on EXPE shares. Bank of America upgraded shares of Expedia Group from a “neutral” rating to a “buy” rating and set a $153.00 price objective for the company in a research report on Monday, January 4th. They noted that the move was a valuation call. Wolfe Research initiated coverage on shares of Expedia Group in a report on Wednesday, March 31st. They issued a “peer perform” rating and a $170.00 target price on the stock. DA Davidson lifted their target price on shares of Expedia Group from $105.00 to $167.00 and gave the company a “neutral” rating in a report on Monday, March 1st. Barclays lifted their target price on shares of Expedia Group from $140.00 to $167.00 and gave the company an “overweight” rating in a report on Friday, February 12th. Finally, Gordon Haskett assumed coverage on shares of Expedia Group in a report on Tuesday, March 30th. They issued a “buy” rating and a $211.00 target price on the stock. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $153.31.
In related news, Director Susan C. Athey sold 1,462 shares of the firm’s stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $177.66, for a total value of $259,738.92. Following the transaction, the director now directly owns 1,992 shares of the company’s stock, valued at approximately $353,898.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Lance A. Soliday sold 668 shares of the firm’s stock in a transaction that occurred on Wednesday, February 17th. The shares were sold at an average price of $146.52, for a total value of $97,875.36. Following the completion of the transaction, the chief accounting officer now directly owns 8,093 shares in the company, valued at $1,185,786.36. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
Expedia Group Profile
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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