Sumitomo Mitsui Trust Holdings Inc. Has $51.15 Million Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Sumitomo Mitsui Trust Holdings Inc. decreased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 336,957 shares of the online travel company’s stock after selling 5,723 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.24% of Expedia Group worth $51,147,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Capital Wealth Alliance LLC acquired a new position in shares of Expedia Group in the second quarter valued at approximately $12,058,000. Norges Bank bought a new stake in Expedia Group in the fourth quarter valued at approximately $118,582,000. Arrowstreet Capital Limited Partnership boosted its holdings in Expedia Group by 187.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,921,028 shares of the online travel company’s stock valued at $375,888,000 after acquiring an additional 1,251,933 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Expedia Group by 4.8% in the first quarter. Vanguard Group Inc. now owns 16,147,624 shares of the online travel company’s stock valued at $3,159,605,000 after acquiring an additional 741,856 shares during the last quarter. Finally, Woodline Partners LP bought a new stake in Expedia Group in the second quarter valued at approximately $57,322,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Trading Up 0.5 %

NASDAQ EXPE opened at $129.00 on Friday. The firm has a market capitalization of $17.58 billion, a P/E ratio of 23.98, a PEG ratio of 0.39 and a beta of 1.86. The business has a fifty day simple moving average of $134.37 and a 200 day simple moving average of $132.71. Expedia Group, Inc. has a 12 month low of $87.94 and a 12 month 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 released its quarterly earnings results on Thursday, February 8th. The online travel company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.10. Expedia Group had a return on equity of 35.79% and a net margin of 6.21%. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.88 billion. On average, analysts predict that Expedia Group, Inc. will post 9.74 EPS for the current fiscal year.

Analyst Ratings Changes

EXPE has been the topic of several analyst reports. BTIG Research upped their target price on Expedia Group from $150.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, December 27th. Royal Bank of Canada restated a “sector perform” rating and set a $155.00 price target on shares of Expedia Group in a report on Friday, February 9th. JPMorgan Chase & Co. increased their price target on Expedia Group from $115.00 to $136.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. StockNews.com upgraded Expedia Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Finally, Oppenheimer restated an “outperform” rating and set a $175.00 price target on shares of Expedia Group in a report on Monday, February 5th. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $149.12.

Insider Activity

In other news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $150.04, for a total transaction of $1,500,400.00. Following the completion of the sale, the director now directly owns 216,521 shares of the company’s stock, valued at approximately $32,486,810.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CAO Lance A. Soliday sold 5,119 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $137.21, for a total transaction of $702,377.99. Following the completion of 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 legal filing with the SEC, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $150.04, for a total value of $1,500,400.00. Following the transaction, 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. Insiders own 8.07% of the company’s stock.

Expedia Group 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.