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

Employees Retirement System of Texas lowered its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 83.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,371 shares of the online travel company's stock after selling 6,810 shares during the quarter. Employees Retirement System of Texas' holdings in Expedia Group were worth $255,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Greenleaf Trust increased its position in shares of Expedia Group by 2.5% during the 4th quarter. Greenleaf Trust now owns 2,520 shares of the online travel company's stock valued at $470,000 after purchasing an additional 61 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Expedia Group by 14.8% in the 4th quarter. UMB Bank n.a. now owns 489 shares of the online travel company's stock worth $91,000 after acquiring an additional 63 shares during the last quarter. Signet Financial Management LLC grew its holdings in Expedia Group by 0.3% during the 4th quarter. Signet Financial Management LLC now owns 25,499 shares of the online travel company's stock valued at $4,751,000 after purchasing an additional 74 shares during the last quarter. Metis Global Partners LLC raised its position in Expedia Group by 1.8% in the 4th quarter. Metis Global Partners LLC now owns 4,149 shares of the online travel company's stock worth $773,000 after purchasing an additional 74 shares during the period. Finally, Diametric Capital LP lifted its stake in Expedia Group by 1.6% in the fourth quarter. Diametric Capital LP now owns 4,737 shares of the online travel company's stock worth $883,000 after purchasing an additional 74 shares during the last quarter. Institutional investors own 90.76% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on EXPE shares. JMP Securities reaffirmed a "market perform" rating on shares of Expedia Group in a research note on Friday, February 7th. StockNews.com upgraded Expedia Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 15th. Oppenheimer reduced their price objective on Expedia Group from $235.00 to $230.00 and set an "outperform" rating on the stock in a report on Monday, March 17th. Bank of America upgraded Expedia Group from a "neutral" rating to a "buy" rating and upped their target price for the stock from $187.00 to $221.00 in a report on Wednesday, December 18th. Finally, Truist Financial raised their price target on Expedia Group from $163.00 to $175.00 and gave the company a "hold" rating in a research note on Wednesday, March 12th. Nineteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, Expedia Group currently has a consensus rating of "Moderate Buy" and an average price target of $191.43.

Expedia Group Stock Up 0.7 %

EXPE stock traded up $1.01 during midday trading on Friday, hitting $150.53. 3,123,988 shares of the company's stock were exchanged, compared to its average volume of 2,005,830. The firm has a 50 day moving average price of $177.47 and a 200-day moving average price of $175.20. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $207.73. The stock has a market capitalization of $19.40 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 0.92 and a beta of 1.65. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly 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, analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were issued a $0.40 dividend. This is a positive change from Expedia Group's previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a yield of 1.06%. The ex-dividend date was Thursday, March 6th. Expedia Group's payout ratio is currently 17.68%.

Insider Buying and Selling at Expedia Group

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

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.