Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System decreased its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 206,363 shares of the online travel company's stock after selling 16,777 shares during the quarter. California State Teachers Retirement System owned 0.16% of Expedia Group worth $38,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its position in shares of Expedia Group by 6.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 37,485 shares of the online travel company's stock valued at $6,985,000 after purchasing an additional 2,272 shares during the last quarter. Brighton Jones LLC bought a new position in shares of Expedia Group during the 4th quarter valued at approximately $408,000. RFG Advisory LLC bought a new position in shares of Expedia Group during the 4th quarter valued at approximately $251,000. Blue Trust Inc. increased its position in shares of Expedia Group by 23.0% during the 4th quarter. Blue Trust Inc. now owns 1,058 shares of the online travel company's stock valued at $197,000 after purchasing an additional 198 shares during the last quarter. Finally, Nilsine Partners LLC increased its position in shares of Expedia Group by 4.7% during the 4th quarter. Nilsine Partners LLC now owns 5,861 shares of the online travel company's stock valued at $1,092,000 after purchasing an additional 262 shares during the last quarter. Institutional investors own 90.76% of the company's stock.

Expedia Group Stock Up 0.3%

EXPE stock traded up $0.42 during trading on Monday, reaching $167.17. 1,501,110 shares of the company traded hands, compared to its average volume of 1,934,313. Expedia Group, Inc. has a 12 month low of $110.20 and a 12 month high of $207.73. The business has a 50 day simple moving average of $159.19 and a 200 day simple moving average of $175.30. The company has a market capitalization of $21.25 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the business earned $0.21 EPS. Expedia Group's revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities research analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, May 29th. Expedia Group's dividend payout ratio is presently 18.87%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EXPE shares. Bank of America boosted their target price on Expedia Group from $205.00 to $211.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Wedbush reaffirmed a "neutral" rating and issued a $165.00 price objective (down previously from $180.00) on shares of Expedia Group in a research report on Friday, May 9th. Susquehanna cut their price objective on Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a research report on Monday, May 12th. UBS Group cut their price objective on Expedia Group from $194.00 to $170.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Finally, Citigroup upped their price objective on Expedia Group from $200.00 to $217.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Expedia Group has a consensus rating of "Moderate Buy" and an average price target of $186.35.

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.