Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 8.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 222,410 shares of the online travel company's stock after selling 20,276 shares during the period. California Public Employees Retirement System owned about 0.17% of Expedia Group worth $41,442,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board grew its stake in shares of Expedia Group by 18.4% during the third quarter. Public Sector Pension Investment Board now owns 5,141 shares of the online travel company's stock valued at $761,000 after buying an additional 800 shares during the last quarter. Captrust Financial Advisors increased its stake in Expedia Group by 29.9% in the third quarter. Captrust Financial Advisors now owns 22,579 shares of the online travel company's stock worth $3,342,000 after purchasing an additional 5,203 shares during the period. Benjamin Edwards Inc. bought a new stake in shares of Expedia Group during the third quarter worth $294,000. Ascent Group LLC lifted its position in shares of Expedia Group by 20.8% during the third quarter. Ascent Group LLC now owns 2,354 shares of the online travel company's stock worth $348,000 after purchasing an additional 405 shares during the last quarter. Finally, Hilltop Holdings Inc. purchased a new stake in shares of Expedia Group during the third quarter valued at $372,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $169.79, for a total value of $1,697,900.00. Following the sale, the director now directly owns 158,505 shares of the company's stock, valued at $26,912,563.95. This represents a 5.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert J. Dzielak sold 5,000 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the transaction, the insider now directly owns 74,502 shares of the company's stock, valued at approximately $15,325,061.40. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by insiders.

Expedia Group Stock Performance

Expedia Group stock traded down $10.51 during mid-day trading on Friday, reaching $141.86. 4,648,075 shares of the company traded hands, compared to its average volume of 1,955,269. The firm's fifty day moving average is $180.61 and its two-hundred day moving average is $174.78. The company has a market capitalization of $18.28 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 0.92 and a beta of 1.83. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $207.73. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. On average, equities research analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were issued a dividend of $0.40 per share. This is an increase from Expedia Group's previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. Expedia Group's payout ratio is 17.68%.

Analyst Ratings Changes

EXPE has been the subject of a number of research analyst reports. Wedbush reiterated a "neutral" rating and set a $215.00 price objective (up previously from $180.00) on shares of Expedia Group in a report on Friday, February 7th. Citigroup boosted their price target on Expedia Group from $200.00 to $217.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. Hsbc Global Res upgraded Expedia Group from a "hold" rating to a "strong-buy" rating in a report on Friday, February 7th. The Goldman Sachs Group upped their target price on Expedia Group from $208.00 to $236.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Finally, StockNews.com upgraded Expedia Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, February 15th. Nineteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $193.43.

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.