Illinois Municipal Retirement Fund Increases Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Illinois Municipal Retirement Fund raised its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 72,532 shares of the online travel company’s stock after buying an additional 418 shares during the period. Illinois Municipal Retirement Fund owned about 0.05% of Expedia Group worth $11,010,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. City State Bank grew its position in shares of Expedia Group by 157.3% during the 4th quarter. City State Bank now owns 193 shares of the online travel company’s stock valued at $29,000 after acquiring an additional 118 shares during the period. CVA Family Office LLC bought a new position in Expedia Group in the 4th quarter worth $32,000. MV Capital Management Inc. boosted its holdings in Expedia Group by 335.6% in the 4th quarter. MV Capital Management Inc. now owns 318 shares of the online travel company’s stock worth $48,000 after buying an additional 245 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Expedia Group by 173.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock worth $35,000 after buying an additional 218 shares during the period. Finally, UMB Bank n.a. boosted its holdings in Expedia Group by 79.7% in the 3rd quarter. UMB Bank n.a. now owns 354 shares of the online travel company’s stock worth $36,000 after buying an additional 157 shares during the period. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Expedia Group

In related news, CAO Lance A. Soliday sold 5,119 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total value of $702,377.99. Following the sale, the chief accounting officer now directly owns 10,880 shares of the company’s stock, valued at approximately $1,492,844.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Expedia Group news, CAO Lance A. Soliday sold 5,119 shares of Expedia Group stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total transaction of $702,377.99. Following the transaction, the chief accounting officer now directly owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $150.04, for a total transaction of $1,500,400.00. Following the sale, the director now 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 owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on EXPE shares. BMO Capital Markets started coverage on shares of Expedia Group in a report on Tuesday, January 9th. They issued an “outperform” rating and a $181.00 target price for the company. Wells Fargo & Company dropped their target price on shares of Expedia Group from $159.00 to $155.00 and set an “equal weight” rating for the company in a report on Friday, February 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $155.00 price target on shares of Expedia Group in a research note on Friday, February 9th. Oppenheimer reiterated an “outperform” rating and issued a $175.00 price target on shares of Expedia Group in a research note on Monday, February 5th. Finally, Bank of America cut shares of Expedia Group from a “buy” rating to a “neutral” rating and set a $156.00 price target on the stock. in a research note on Friday, February 9th. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Expedia Group presently has an average rating of “Moderate Buy” and an average price target of $149.12.

Expedia Group Stock Performance

Shares of NASDAQ EXPE traded up $3.27 during midday trading on Tuesday, reaching $134.86. The company had a trading volume of 441,032 shares, compared to its average volume of 2,429,524. The business’s 50-day simple moving average is $134.33 and its 200 day simple moving average is $133.40. The stock has a market cap of $18.38 billion, a P/E ratio of 24.46, a P/E/G ratio of 0.39 and a beta of 1.86. Expedia Group, Inc. has a 1 year low of $87.94 and a 1 year high of $160.05. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.24.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.10. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. Expedia Group had a net margin of 6.21% and a return on equity of 35.79%. On average, analysts forecast that Expedia Group, Inc. will post 9.74 earnings per share for the current fiscal year.

Expedia Group Company 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.