Expedia Group, Inc. $EXPE Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 4.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 256,090 shares of the online travel company’s stock after selling 13,205 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.21% of Expedia Group worth $67,444,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. First Trust Advisors LP boosted its position in shares of Expedia Group by 104.1% during the 1st quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock valued at $275,112,000 after acquiring an additional 607,698 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Expedia Group by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,190,874 shares of the online travel company’s stock valued at $274,948,000 after purchasing an additional 17,378 shares during the period. Pacer Advisors Inc. increased its position in Expedia Group by 13.3% during the first quarter. Pacer Advisors Inc. now owns 1,069,524 shares of the online travel company’s stock worth $246,942,000 after purchasing an additional 125,749 shares during the last quarter. Wellington Management Group LLP increased its position in Expedia Group by 67.7% during the second quarter. Wellington Management Group LLP now owns 780,140 shares of the online travel company’s stock worth $199,622,000 after purchasing an additional 314,984 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Expedia Group during the second quarter worth about $166,203,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Performance

Shares of Expedia Group stock opened at $285.77 on Wednesday. The business has a 50-day simple moving average of $284.66 and a 200-day simple moving average of $259.49. The company has a market cap of $34.30 billion, a PE ratio of 17.82, a P/E/G ratio of 0.72 and a beta of 1.39. Expedia Group, Inc. has a one year low of $185.34 and a one year high of $342.00. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, beating analysts’ consensus estimates of $5.22 by $0.54. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The company’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the business earned $4.24 EPS. On average, equities research analysts forecast that Expedia Group, Inc. will post 17.37 EPS for the current fiscal year.

Analyst Ratings Changes

EXPE has been the topic of several recent analyst reports. Benchmark boosted their target price on shares of Expedia Group from $290.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, August 6th. BTIG Research reissued a “buy” rating and set a $400.00 target price on shares of Expedia Group in a research note on Tuesday, October 6th. Stifel Nicolaus set a $204.00 target price on Expedia Group in a research report on Tuesday. UBS Group decreased their target price on shares of Expedia Group from $351.00 to $328.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Wells Fargo & Company lowered their target price on shares of Expedia Group from $307.00 to $275.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 7th. Eighteen equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Expedia Group presently has a consensus rating of “Hold” and a consensus price target of $312.61.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance Soliday sold 2,810 shares of Expedia Group stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total transaction of $909,456.50. Following the completion of the sale, the chief accounting officer directly owned 12,006 shares of the company’s stock, valued at $3,885,741.90. The trade was a 18.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Craig Jacobson sold 3,133 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $328.52, for a total value of $1,029,253.16. Following the transaction, the director directly owned 29,832 shares of the company’s stock, valued at approximately $9,800,408.64. This represents a 9.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 11,950 shares of company stock valued at $3,881,995 in the last ninety days. Insiders own 5.20% of the company’s stock.

Expedia Group Company Profile

Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its offerings include hotel and vacation-rental accommodations, flights, car rentals, cruises, activities, and travel packages. The company serves consumers through its online travel brands and also provides technology, distribution, and marketing solutions to travel suppliers and other business partners.

Expedia Group’s consumer brands include Expedia, Hotels.com, Vrbo, Orbitz, Travelocity, Wotif, ebookers, CheapTickets, Abritel, and FeWo-direkt, among others.