Expedia Group, Inc. $EXPE Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund reduced its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 16.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,115 shares of the online travel company’s stock after selling 20,435 shares during the period. Illinois Municipal Retirement Fund’s holdings in Expedia Group were worth $22,468,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC purchased a new position in Expedia Group in the 4th quarter valued at $408,000. NewEdge Advisors LLC raised its position in shares of Expedia Group by 5.0% in the first quarter. NewEdge Advisors LLC now owns 5,455 shares of the online travel company’s stock valued at $917,000 after buying an additional 259 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Expedia Group in the second quarter worth about $596,000. Callan Family Office LLC acquired a new position in Expedia Group during the second quarter worth about $492,000. Finally, IFP Advisors Inc boosted its position in Expedia Group by 105.4% during the second quarter. IFP Advisors Inc now owns 3,434 shares of the online travel company’s stock worth $579,000 after acquiring an additional 1,762 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Insider Activity at Expedia Group

In other Expedia Group news, Director Madhumita Moina Banerjee sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $258.00, for a total value of $258,000.00. Following the completion of the transaction, the director owned 2,916 shares of the company’s stock, valued at $752,328. This trade represents a 25.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Lance A. Soliday sold 849 shares of the company’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $248.08, for a total value of $210,619.92. Following the sale, the chief accounting officer directly owned 11,662 shares in the company, valued at $2,893,108.96. This represents a 6.79% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 9.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Robert W. Baird lifted their price objective on Expedia Group from $240.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Truist Financial boosted their price objective on Expedia Group from $210.00 to $252.00 and gave the stock a “hold” rating in a research note on Tuesday. Benchmark raised their target price on Expedia Group from $265.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Finally, BMO Capital Markets lifted their price target on Expedia Group from $205.00 to $250.00 in a report on Friday, November 7th. Fourteen equities research analysts have rated the stock with a Buy rating and twenty have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $292.23.

Expedia Group Price Performance

EXPE stock opened at $233.60 on Thursday. The business’s fifty day moving average price is $275.04 and its 200 day moving average price is $239.91. Expedia Group, Inc. has a 12-month low of $130.01 and a 12-month high of $303.80. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.72. The company has a market capitalization of $28.62 billion, a PE ratio of 22.35, a P/E/G ratio of 0.77 and a beta of 1.41.

Expedia Group Company Profile

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.