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

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 4.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 256,090 shares of the online travel company’s stock after selling 13,205 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Expedia Group were worth $67,444,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Expedia Group during the 3rd quarter valued at approximately $13,286,000. ProShare Advisors LLC increased its holdings in shares of Expedia Group by 1.1% in the third quarter. ProShare Advisors LLC now owns 17,629 shares of the online travel company’s stock valued at $4,643,000 after purchasing an additional 189 shares during the period. MGO One Seven LLC raised its stake in shares of Expedia Group by 7.2% during the third quarter. MGO One Seven LLC now owns 2,054 shares of the online travel company’s stock worth $541,000 after purchasing an additional 138 shares during the last quarter. Americana Partners LLC acquired a new stake in shares of Expedia Group during the third quarter worth $332,000. Finally, Aprio Wealth Management LLC grew its position in Expedia Group by 3.7% in the 3rd quarter. Aprio Wealth Management LLC now owns 3,936 shares of the online travel company’s stock valued at $1,037,000 after buying an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Stifel Nicolaus set a $204.00 price objective on shares of Expedia Group in a research note on Tuesday. Evercore set a $430.00 target price on shares of Expedia Group in a report on Monday, August 24th. Robert W. Baird set a $335.00 price target on shares of Expedia Group in a research note on Thursday, August 6th. Barclays raised their price objective on shares of Expedia Group from $264.00 to $320.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Finally, Benchmark lifted their price objective on Expedia Group from $290.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Eighteen investment analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Expedia Group currently has a consensus rating of “Hold” and an average target price of $312.61.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $285.77 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21. The company’s 50-day moving average price is $284.66 and its 200 day moving average price is $259.49. Expedia Group, Inc. has a 52 week low of $185.34 and a 52 week high of $342.00. The stock has a market cap of $34.30 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 0.72 and a beta of 1.39.

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

Insider Activity at Expedia Group

In related 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 owned 12,006 shares in the company, valued at approximately $3,885,741.90. This trade represents a 18.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert Dzielak sold 1,004 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $335.00, for a total transaction of $336,340.00. Following the sale, the insider directly owned 104,331 shares in the company, valued at $34,950,885. This represents a 0.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,950 shares of company stock valued at $3,881,995 over the last quarter. Insiders own 5.20% of the company’s stock.

About Expedia Group

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.