Kentucky Retirement Systems Sells 736 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Kentucky Retirement Systems cut its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 6.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,931 shares of the online travel company’s stock after selling 736 shares during the quarter. Kentucky Retirement Systems’ holdings in Expedia Group were worth $1,368,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in EXPE. Hohimer Wealth Management LLC lifted its position in shares of Expedia Group by 1.2% during the 4th quarter. Hohimer Wealth Management LLC now owns 6,711 shares of the online travel company’s stock valued at $1,019,000 after buying an additional 78 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Expedia Group by 7.4% in the 4th quarter. Parallel Advisors LLC now owns 1,163 shares of the online travel company’s stock valued at $176,000 after purchasing an additional 80 shares during the last quarter. Private Advisor Group LLC boosted its stake in Expedia Group by 0.4% during the first quarter. Private Advisor Group LLC now owns 24,351 shares of the online travel company’s stock worth $3,354,000 after buying an additional 87 shares during the period. First Trust Direct Indexing L.P. grew its holdings in Expedia Group by 5.8% during the 1st quarter. First Trust Direct Indexing L.P. now owns 1,601 shares of the online travel company’s stock valued at $221,000 after purchasing an additional 88 shares during the last quarter. Finally, Nilsine Partners LLC raised its holdings in shares of Expedia Group by 1.7% in the fourth quarter. Nilsine Partners LLC now owns 5,725 shares of the online travel company’s stock worth $869,000 after buying an additional 96 shares during the period. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on EXPE shares. Benchmark reiterated a “buy” rating and set a $180.00 price objective on shares of Expedia Group in a research note on Tuesday, July 2nd. Mizuho dropped their price objective on shares of Expedia Group from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Evercore ISI reduced their price target on Expedia Group from $190.00 to $175.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. Wedbush cut their price target on Expedia Group from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Finally, Susquehanna reiterated a “neutral” rating and set a $125.00 target price on shares of Expedia Group in a research report on Wednesday, May 15th. Sixteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Expedia Group presently has a consensus rating of “Hold” and a consensus price target of $148.24.

Expedia Group Stock Up 0.8 %

Shares of NASDAQ:EXPE traded up $0.97 during trading on Friday, hitting $125.87. 1,440,159 shares of the company were exchanged, compared to its average volume of 1,696,726. The firm’s 50 day moving average price is $123.31 and its 200-day moving average price is $131.28. 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 current ratio of 0.79 and a quick ratio of 0.79. The stock has a market capitalization of $17.15 billion, a P/E ratio of 23.57, a PEG ratio of 0.47 and a beta of 1.78.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, May 2nd. The online travel company reported ($0.39) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.96) by $0.57. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.80 billion. On average, research analysts predict that Expedia Group, Inc. will post 9.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Lance A. Soliday sold 544 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $113.38, for a total value of $61,678.72. Following the completion of the sale, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $1,268,382.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Craig A. Jacobson sold 6,722 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total value of $757,636.62. Following the transaction, the director now owns 32,620 shares in the company, valued at approximately $3,676,600.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Lance A. Soliday sold 544 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $1,268,382.06. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by company insiders.

Expedia Group 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.