Public Employees Retirement System of Ohio boosted its position in shares of Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 3.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,604 shares of the online travel company’s stock after acquiring an additional 2,074 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Expedia Group were worth $13,762,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Compound Planning Inc. increased its stake in shares of Expedia Group by 19.3% during the 1st quarter. Compound Planning Inc. now owns 2,543 shares of the online travel company’s stock worth $587,000 after purchasing an additional 412 shares during the last quarter. Volterra Technologies LP acquired a new stake in Expedia Group in the 1st quarter valued at about $528,000. Oak Associates Ltd. OH bought a new position in Expedia Group during the first quarter worth about $4,984,000. Inceptionr LLC grew its holdings in Expedia Group by 61.8% during the first quarter. Inceptionr LLC now owns 5,134 shares of the online travel company’s stock worth $1,185,000 after purchasing an additional 1,961 shares during the period. Finally, State of Wyoming increased its position in Expedia Group by 18.5% during the first quarter. State of Wyoming now owns 2,487 shares of the online travel company’s stock worth $574,000 after buying an additional 389 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.
Analyst Ratings Changes
Several analysts have issued reports on EXPE shares. Citigroup restated a “neutral” rating on shares of Expedia Group in a research note on Monday, May 18th. B. Riley Financial decreased their target price on Expedia Group from $360.00 to $350.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Argus increased their price target on Expedia Group from $270.00 to $315.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Robert W. Baird raised their price target on Expedia Group from $290.00 to $294.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Finally, Truist Financial reduced their price objective on shares of Expedia Group from $252.00 to $246.00 and set a “hold” rating for the company in a research report on Monday, April 6th. Seventeen investment analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $288.64.
Expedia Group Stock Performance
EXPE opened at $259.94 on Monday. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. The business has a fifty day simple moving average of $244.54 and a 200 day simple moving average of $243.69. Expedia Group, Inc. has a 1 year low of $174.05 and a 1 year high of $303.80. The company has a market capitalization of $31.85 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 0.68 and a beta of 1.23.
Expedia Group (NASDAQ:EXPE – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.55. The firm had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.40 EPS. Research analysts expect that Expedia Group, Inc. will post 17.04 EPS for the current year.
Expedia Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, May 28th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, May 28th. Expedia Group’s dividend payout ratio (DPR) is currently 16.90%.
Insider Activity
In other Expedia Group news, insider Robert J. Dzielak sold 4,702 shares of Expedia Group stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $233.00, for a total value of $1,095,566.00. Following the completion of the sale, the insider owned 105,448 shares in the company, valued at $24,569,384. The trade was a 4.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lance A. Soliday sold 940 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the completion of the sale, the chief accounting officer directly owned 14,083 shares of the company’s stock, valued at $3,124,454.38. This represents a 6.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.20% of the stock is owned by insiders.
Expedia Group Company Profile
Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.
Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.
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