State of New Jersey Common Pension Fund D Has $8.43 Million Stake in Expedia Group, Inc. (NASDAQ:EXPE)

State of New Jersey Common Pension Fund D decreased its stake in shares of Expedia Group, Inc. (NASDAQ:EXPEFree Report) by 5.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,815 shares of the online travel company’s stock after selling 4,979 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.06% of Expedia Group worth $8,433,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in shares of Expedia Group by 788.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 77,140 shares of the online travel company’s stock worth $8,438,000 after acquiring an additional 68,461 shares in the last quarter. Hudson Bay Capital Management LP boosted its holdings in Expedia Group by 2,113.8% during the second quarter. Hudson Bay Capital Management LP now owns 166,035 shares of the online travel company’s stock worth $18,163,000 after purchasing an additional 158,535 shares during the last quarter. Citizens Business Bank acquired a new position in Expedia Group during the third quarter worth $3,275,000. Foyston Gordon & Payne Inc acquired a new position in Expedia Group during the third quarter worth $2,260,000. Finally, Leith Wheeler Investment Counsel Ltd. boosted its holdings in Expedia Group by 61.9% during the third quarter. Leith Wheeler Investment Counsel Ltd. now owns 57,460 shares of the online travel company’s stock worth $5,922,000 after purchasing an additional 21,970 shares during the last quarter. Institutional investors own 91.15% of the company’s stock.

Expedia Group Price Performance

NASDAQ:EXPE opened at $131.11 on Monday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.80 and a current ratio of 0.78. Expedia Group, Inc. has a 52 week low of $87.94 and a 52 week high of $160.05. The firm has a market cap of $18.20 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 0.39 and a beta of 1.90. The firm’s 50-day simple moving average is $148.98 and its 200 day simple moving average is $123.76.

Expedia Group announced that its board has approved a stock repurchase program on Thursday, November 2nd that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the online travel company to purchase up to 30.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $150.88, for a total value of $1,508,800.00. Following the transaction, the director now directly owns 226,521 shares of the company’s stock, valued at approximately $34,177,488.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Robert J. Dzielak sold 70,000 shares of Expedia Group stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $134.50, for a total transaction of $9,415,000.00. Following the sale, the insider now directly owns 72,266 shares of the company’s stock, valued at approximately $9,719,777. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $150.88, for a total transaction of $1,508,800.00. Following the sale, the director now directly owns 226,521 shares in the company, valued at $34,177,488.48. The disclosure for this sale can be found here. Insiders have sold a total of 100,477 shares of company stock valued at $13,989,925 in the last ninety days. 8.07% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. BTIG Research increased their target price on shares of Expedia Group from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, December 27th. Barclays cut shares of Expedia Group from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $136.00 to $150.00 in a report on Tuesday, December 12th. Bank of America cut shares of Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 price target for the company. in a research note on Friday. The Goldman Sachs Group increased their price target on shares of Expedia Group from $155.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, January 19th. Finally, Wedbush reiterated a “neutral” rating and issued a $130.00 price target on shares of Expedia Group in a research note on Friday. Fourteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $149.29.

Check Out Our Latest Stock Analysis on Expedia Group

Expedia Group Company Profile

(Free Report)

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 includes 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; Wotif Group; CheapTickets; ebookers; Expedia; Hotwire; CarRentals.com; Classic Vacations; and Expedia Cruise.

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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