Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 66.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 76,605 shares of the online travel company’s stock after selling 150,100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Expedia Group were worth $9,651,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of EXPE. ValueAct Holdings L.P. acquired a new position in Expedia Group during the fourth quarter worth about $645,346,000. Norges Bank acquired a new stake in shares of Expedia Group in the 4th quarter worth approximately $334,632,000. Acadian Asset Management LLC increased its stake in Expedia Group by 414.4% in the 1st quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock valued at $94,512,000 after purchasing an additional 552,831 shares in the last quarter. AustralianSuper Pty Ltd raised its holdings in Expedia Group by 88.8% during the second quarter. AustralianSuper Pty Ltd now owns 753,260 shares of the online travel company’s stock worth $94,903,000 after purchasing an additional 354,389 shares during the last quarter. Finally, Norden Group LLC purchased a new stake in Expedia Group during the first quarter worth $40,976,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EXPE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on Expedia Group from $136.00 to $128.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Benchmark restated a “buy” rating and set a $180.00 target price on shares of Expedia Group in a research report on Friday, August 9th. BMO Capital Markets reiterated a “market perform” rating and issued a $145.00 price target on shares of Expedia Group in a research report on Wednesday, May 15th. Susquehanna lifted their price objective on Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Finally, UBS Group reduced their target price on Expedia Group from $140.00 to $137.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Sixteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Expedia Group currently has an average rating of “Hold” and a consensus target price of $148.75.

Expedia Group Trading Up 0.9 %

Expedia Group stock traded up $1.19 during trading on Thursday, reaching $140.91. The company had a trading volume of 1,263,120 shares, compared to its average volume of 2,379,981. Expedia Group, Inc. has a 12-month low of $92.48 and a 12-month high of $160.05. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.79 and a current ratio of 0.79. The stock’s 50 day moving average price is $128.55 and its two-hundred day moving average price is $127.97. The firm has a market capitalization of $19.20 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 0.46 and a beta of 1.78.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, beating analysts’ consensus estimates of $3.17 by $0.34. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.53 billion. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. Expedia Group’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $2.34 EPS. As a group, equities analysts expect that Expedia Group, Inc. will post 9.28 earnings per share for the current fiscal year.

Insider Activity at Expedia Group

In other news, CAO Lance A. Soliday sold 544 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $113.38, for a total transaction of $61,678.72. Following the completion of the sale, the chief accounting officer now owns 11,187 shares in the company, valued at approximately $1,268,382.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Lance A. Soliday sold 544 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $113.38, for a total value of $61,678.72. Following the transaction, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at approximately $1,268,382.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $134.60, for a total transaction of $729,128.20. Following the sale, the insider now directly owns 84,543 shares of the company’s stock, valued at $11,379,487.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,563 shares of company stock worth $2,447,970. 8.07% of the stock is owned by insiders.

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.