IFM Investors Pty Ltd Sells 783 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

IFM Investors Pty Ltd lessened its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 2.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,140 shares of the online travel company’s stock after selling 783 shares during the period. IFM Investors Pty Ltd’s holdings in Expedia Group were worth $4,152,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of EXPE. Tran Capital Management L.P. purchased a new stake in shares of Expedia Group in the first quarter worth $4,877,000. First Trust Direct Indexing L.P. raised its holdings in shares of Expedia Group by 5.8% in 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 acquiring an additional 88 shares in the last quarter. Norden Group LLC purchased a new stake in shares of Expedia Group in the 1st quarter valued at about $40,976,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Expedia Group by 1.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 343,389 shares of the online travel company’s stock valued at $47,302,000 after acquiring an additional 6,432 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Expedia Group during the first quarter worth about $288,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Trading Down 0.4 %

NASDAQ:EXPE traded down $0.55 during mid-day trading on Friday, reaching $135.70. 1,412,722 shares of the company’s stock traded hands, compared to its average volume of 1,680,016. The company has a 50 day moving average price of $134.32 and a 200-day moving average price of $133.93. The firm has a market capitalization of $18.49 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 0.42 and a beta of 1.86. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.78 and a quick ratio of 0.78. Expedia Group, Inc. has a 12-month low of $87.94 and a 12-month high of $160.05.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.10. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. Expedia Group had a return on equity of 35.79% and a net margin of 6.21%. On average, sell-side analysts predict that Expedia Group, Inc. will post 9.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

EXPE has been the topic of a number of recent analyst reports. BMO Capital Markets initiated coverage on shares of Expedia Group in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $181.00 target price on the stock. Wedbush reaffirmed a “neutral” rating and set a $130.00 price objective on shares of Expedia Group in a report on Thursday, April 18th. Wells Fargo & Company reduced their target price on Expedia Group from $159.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Friday, February 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $155.00 price target on shares of Expedia Group in a research note on Friday, February 9th. Finally, Ascendiant Capital Markets upped their price objective on Expedia Group from $133.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, December 29th. Thirteen analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $149.12.

Insider Activity at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total value of $702,377.99. Following the completion of the transaction, the chief accounting officer now directly owns 10,880 shares in the company, valued at approximately $1,492,844.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total transaction of $702,377.99. Following the transaction, the chief accounting officer now owns 10,880 shares in the company, valued at approximately $1,492,844.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $150.04, for a total value of $1,500,400.00. Following the completion of the transaction, the director now directly owns 216,521 shares of the company’s stock, valued at approximately $32,486,810.84. 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.