Teachers Retirement System of The State of Kentucky Has $31.47 Million Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Teachers Retirement System of The State of Kentucky trimmed its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 168,880 shares of the online travel company's stock after selling 12,998 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.13% of Expedia Group worth $31,467,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of EXPE. Handelsbanken Fonder AB increased its holdings in Expedia Group by 17.8% in the 4th quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company's stock worth $5,729,000 after buying an additional 4,656 shares in the last quarter. Teamwork Financial Advisors LLC purchased a new stake in shares of Expedia Group during the 4th quarter valued at about $1,791,000. Clare Market Investments LLC bought a new stake in shares of Expedia Group in the fourth quarter worth approximately $319,000. Nisa Investment Advisors LLC raised its holdings in shares of Expedia Group by 17.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 60,003 shares of the online travel company's stock valued at $11,180,000 after purchasing an additional 9,086 shares during the last quarter. Finally, Cigna Investments Inc. New bought a new position in Expedia Group during the fourth quarter valued at approximately $238,000. Institutional investors own 90.76% of the company's stock.

Expedia Group Price Performance

Expedia Group stock traded up $0.56 during trading hours on Friday, hitting $160.11. 1,018,655 shares of the company traded hands, compared to its average volume of 2,007,577. The firm's 50-day simple moving average is $169.79 and its two-hundred day simple moving average is $175.07. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. The firm has a market cap of $20.63 billion, a P/E ratio of 17.69, a P/E/G ratio of 0.92 and a beta of 1.65. Expedia Group, Inc. has a 1-year low of $107.25 and a 1-year high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share for the quarter, missing analysts' consensus estimates of $2.06 by ($0.22). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. As a group, analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 1.00%. This is a positive change from Expedia Group's previous quarterly dividend of $0.34. Expedia Group's payout ratio is 17.68%.

Insider Activity

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

Analysts Set New Price Targets

EXPE has been the topic of several recent research reports. Melius upgraded shares of Expedia Group from a "hold" rating to a "buy" rating and set a $220.00 price objective on the stock in a research note on Monday, January 6th. B. Riley reiterated a "buy" rating and set a $235.00 price target (up previously from $220.00) on shares of Expedia Group in a research note on Friday, February 7th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $210.00 target price (up from $180.00) on shares of Expedia Group in a report on Friday, February 7th. Morgan Stanley cut their price target on Expedia Group from $190.00 to $150.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Finally, Melius Research raised Expedia Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Nineteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, Expedia Group has an average rating of "Moderate Buy" and a consensus price target of $190.18.

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.