Expedia Group, Inc. $EXPE Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 9.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,572 shares of the online travel company’s stock after selling 14,590 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Expedia Group were worth $31,329,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of EXPE. Brighton Jones LLC purchased a new position in shares of Expedia Group in the fourth quarter valued at approximately $408,000. NewEdge Advisors LLC lifted its holdings in Expedia Group by 5.0% during the 1st quarter. NewEdge Advisors LLC now owns 5,455 shares of the online travel company’s stock worth $917,000 after buying an additional 259 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Expedia Group during the 2nd quarter worth approximately $596,000. Envestnet Asset Management Inc. boosted its position in Expedia Group by 11.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 208,855 shares of the online travel company’s stock valued at $35,230,000 after buying an additional 22,091 shares during the period. Finally, Spire Wealth Management grew its stake in shares of Expedia Group by 114.3% in the second quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock worth $25,000 after acquiring an additional 80 shares in the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EXPE has been the topic of several analyst reports. The Goldman Sachs Group increased their price objective on Expedia Group from $325.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Mizuho decreased their price objective on Expedia Group from $270.00 to $245.00 and set a “neutral” rating for the company in a research note on Tuesday. Argus cut their target price on shares of Expedia Group from $345.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Evercore reiterated an “outperform” rating on shares of Expedia Group in a research note on Monday, February 9th. Finally, Piper Sandler reissued a “neutral” rating and issued a $225.00 price objective (down from $250.00) on shares of Expedia Group in a research report on Friday, February 13th. Thirteen research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $281.74.

Expedia Group Stock Down 1.1%

Shares of NASDAQ:EXPE opened at $213.24 on Tuesday. The firm has a 50 day simple moving average of $257.14 and a 200-day simple moving average of $241.90. Expedia Group, Inc. has a twelve month low of $130.01 and a twelve month high of $303.80. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $26.13 billion, a PE ratio of 21.65, a P/E/G ratio of 0.67 and a beta of 1.41.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, February 12th. The online travel company reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.32 by $0.46. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same period last year, the firm posted $2.39 EPS. The company’s revenue was up 11.4% on a year-over-year basis. On average, equities analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, March 5th. This is an increase from Expedia Group’s previous quarterly dividend of $0.40. Expedia Group’s dividend payout ratio (DPR) is presently 16.24%.

Expedia Group 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.