Treasurer of the State of North Carolina Sells 2,353 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Treasurer of the State of North Carolina decreased its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 3.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 67,133 shares of the online travel company's stock after selling 2,353 shares during the period. Treasurer of the State of North Carolina owned approximately 0.05% of Expedia Group worth $12,509,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in EXPE. Norges Bank acquired a new position in Expedia Group in the fourth quarter valued at about $670,565,000. Geode Capital Management LLC grew its position in shares of Expedia Group by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company's stock valued at $600,750,000 after purchasing an additional 30,163 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Expedia Group by 6.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company's stock worth $439,808,000 after purchasing an additional 150,480 shares in the last quarter. Lyrical Asset Management LP raised its holdings in Expedia Group by 1.7% during the 4th quarter. Lyrical Asset Management LP now owns 1,763,489 shares of the online travel company's stock worth $328,591,000 after buying an additional 28,736 shares during the period. Finally, FMR LLC lifted its stake in Expedia Group by 6.5% in the fourth quarter. FMR LLC now owns 1,303,532 shares of the online travel company's stock valued at $242,887,000 after buying an additional 79,372 shares in the last quarter. Institutional investors own 90.76% of the company's stock.

Expedia Group Trading Down 0.9 %

Shares of NASDAQ:EXPE traded down $1.42 during trading on Friday, reaching $151.15. The stock had a trading volume of 2,152,112 shares, compared to its average volume of 2,009,348. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $207.73. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. The firm's fifty day moving average is $174.61 and its 200 day moving average is $174.91. The stock has a market cap of $19.48 billion, a price-to-earnings ratio of 16.70, a P/E/G ratio of 0.92 and a beta of 1.65.

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, equities analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were paid a $0.40 dividend. The ex-dividend date was Thursday, March 6th. 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%. Expedia Group's payout ratio is 17.68%.

Insiders Place Their Bets

In other news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the transaction, the director now 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Dzielak sold 5,000 shares of the business'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 completion of the sale, the insider now directly owns 74,502 shares of the company's stock, valued at $15,325,061.40. The trade was a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.80% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on EXPE. BMO Capital Markets raised their price objective on shares of Expedia Group from $165.00 to $190.00 and gave the stock a "market perform" rating in a report on Monday, February 10th. Morgan Stanley decreased their price objective on Expedia Group from $190.00 to $150.00 and set an "equal weight" rating for the company in a report on Thursday. Benchmark reaffirmed a "buy" rating and set a $200.00 price target on shares of Expedia Group in a research note on Tuesday, February 4th. Truist Financial increased their target price on shares of Expedia Group from $163.00 to $175.00 and gave the stock a "hold" rating in a report on Wednesday, March 12th. Finally, JMP Securities restated a "market perform" rating on shares of Expedia Group in a research note on Friday, February 7th. Nineteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, Expedia Group presently has a consensus rating of "Moderate Buy" and a consensus target price 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.