Teacher Retirement System of Texas Has $63.38 Million Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Teacher Retirement System of Texas increased its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 193.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 340,171 shares of the online travel company's stock after purchasing an additional 224,182 shares during the period. Teacher Retirement System of Texas owned approximately 0.27% of Expedia Group worth $63,384,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXPE. SRH Advisors LLC acquired a new stake in shares of Expedia Group in the 4th quarter valued at $28,000. Grove Bank & Trust boosted its position in Expedia Group by 676.2% in the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company's stock valued at $30,000 after buying an additional 142 shares in the last quarter. Brooklyn Investment Group bought a new stake in Expedia Group during the third quarter worth about $51,000. EverSource Wealth Advisors LLC increased its holdings in shares of Expedia Group by 75.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company's stock worth $51,000 after buying an additional 117 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new position in shares of Expedia Group in the fourth quarter valued at approximately $72,000. Institutional investors own 90.76% of the company's stock.

Expedia Group Stock Up 2.6 %

Shares of Expedia Group stock traded up $4.48 on Monday, reaching $178.29. 1,948,571 shares of the company were exchanged, compared to its average volume of 1,905,533. The company has a market capitalization of $22.97 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 0.92 and a beta of 1.83. 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, Inc. has a one year low of $107.25 and a one year high of $207.73. The company has a 50-day moving average of $183.68 and a 200 day moving average of $173.03.

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Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 EPS for the quarter, missing analysts' consensus estimates 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 forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.90%. This is a boost from Expedia Group's previous quarterly dividend of $0.34. The ex-dividend date is Thursday, March 6th. Expedia Group's dividend payout ratio (DPR) is presently 17.68%.

Insider Transactions at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of the company's stock in a transaction dated 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 transaction, the director now owns 158,505 shares in the company, valued at approximately $26,912,563.95. This represents a 5.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total value of $1,028,500.00. Following the transaction, the insider now owns 74,502 shares in the company, valued at $15,325,061.40. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 25,000 shares of company stock worth $4,577,900. 6.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Morgan Stanley raised their price target on Expedia Group from $180.00 to $185.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Argus upped their price target on shares of Expedia Group from $210.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Melius Research upgraded shares of Expedia Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. StockNews.com raised shares of Expedia Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, February 15th. Finally, Citigroup raised their price target on shares of Expedia Group from $200.00 to $217.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. Nineteen equities 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $193.43.

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.