Insider Selling: Expedia Group, Inc. (NASDAQ:EXPE) Director Sells $1,568,700.00 in Stock

Expedia Group, Inc. (NASDAQ:EXPE) Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $156.87, for a total transaction of $1,568,700.00. Following the sale, the director now directly owns 188,505 shares of the company’s stock, valued at approximately $29,570,779.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dara Khosrowshahi also recently made the following trade(s):

• On Friday, October 4th, Dara Khosrowshahi sold 10,000 shares of Expedia Group stock. The stock was sold at an average price of $150.18, for a total value of $1,501,800.00.
• On Friday, September 27th, Dara Khosrowshahi sold 10,000 shares of Expedia Group stock. The shares were sold at an average price of $150.21, for a total value of $1,502,100.00.

Expedia Group Price Performance

EXPE stock opened at $171.85 on Thursday. The firm has a 50 day moving average of $148.31 and a 200-day moving average of $132.84. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.45. The firm has a market capitalization of $22.37 billion, a P/E ratio of 30.69, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $173.61.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 EPS for the quarter, beating analysts’ consensus estimates of $3.17 by $0.34. Expedia Group had a net margin of 6.09% and a return on equity of 47.55%. The firm had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.53 billion. During the same period in the previous year, the business earned $2.34 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, sell-side analysts predict that Expedia Group, Inc. will post 8.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Piper Sandler reaffirmed a “neutral” rating and set a $140.00 price objective (down from $145.00) on shares of Expedia Group in a report on Friday, August 9th. Jefferies Financial Group upped their price objective on shares of Expedia Group from $145.00 to $160.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Cantor Fitzgerald reissued a “neutral” rating and set a $130.00 target price on shares of Expedia Group in a research report on Monday, October 7th. Susquehanna upped their target price on Expedia Group from $125.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Finally, UBS Group lifted their price target on Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Nineteen equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Expedia Group currently has a consensus rating of “Hold” and an average target price of $152.54.

Hedge Funds Weigh In On Expedia Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its holdings in shares of Expedia Group by 36.8% in the 2nd quarter. Pacer Advisors Inc. now owns 2,654,200 shares of the online travel company’s stock valued at $334,403,000 after acquiring an additional 714,229 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Expedia Group by 414.4% in the first quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock worth $94,512,000 after purchasing an additional 552,831 shares during the last quarter. Point72 Asset Management L.P. raised its stake in Expedia Group by 1,649.4% in the second quarter. Point72 Asset Management L.P. now owns 407,605 shares of the online travel company’s stock valued at $51,354,000 after purchasing an additional 384,305 shares in the last quarter. AustralianSuper Pty Ltd lifted its position 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 valued at $94,903,000 after purchasing an additional 354,389 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in Expedia Group in the 2nd quarter worth approximately $39,183,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

About Expedia Group

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.