Employees Retirement System of Texas Has $255,000 Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Employees Retirement System of Texas trimmed its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 83.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,371 shares of the online travel company's stock after selling 6,810 shares during the period. Employees Retirement System of Texas' holdings in Expedia Group were worth $255,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of EXPE. Greenleaf Trust lifted its holdings in shares of Expedia Group by 2.5% during the 4th quarter. Greenleaf Trust now owns 2,520 shares of the online travel company's stock valued at $470,000 after purchasing an additional 61 shares in the last quarter. Metis Global Partners LLC raised its holdings in Expedia Group by 1.8% during the 4th quarter. Metis Global Partners LLC now owns 4,149 shares of the online travel company's stock worth $773,000 after buying an additional 74 shares during the period. Diametric Capital LP lifted its stake in Expedia Group by 1.6% in the fourth quarter. Diametric Capital LP now owns 4,737 shares of the online travel company's stock valued at $883,000 after buying an additional 74 shares in the last quarter. Foyston Gordon & Payne Inc boosted its holdings in shares of Expedia Group by 0.3% in the fourth quarter. Foyston Gordon & Payne Inc now owns 22,135 shares of the online travel company's stock valued at $4,124,000 after buying an additional 74 shares during the period. Finally, Ascent Group LLC boosted its holdings in shares of Expedia Group by 3.2% in the fourth quarter. Ascent Group LLC now owns 2,430 shares of the online travel company's stock valued at $453,000 after buying an additional 76 shares during the period. 90.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EXPE. Morgan Stanley dropped their price objective on shares of Expedia Group from $190.00 to $150.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. lowered their target price on Expedia Group from $205.00 to $170.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Wall Street Zen downgraded Expedia Group from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 16th. JMP Securities reaffirmed a "market perform" rating on shares of Expedia Group in a research report on Friday, February 7th. Finally, Truist Financial increased their price objective on Expedia Group from $163.00 to $175.00 and gave the stock a "hold" rating in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $186.35.

Expedia Group Stock Performance

Expedia Group stock traded up $0.18 during mid-day trading on Friday, hitting $165.83. 2,138,163 shares of the company's stock traded hands, compared to its average volume of 1,937,397. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a 50 day simple moving average of $159.32 and a two-hundred day simple moving average of $175.48. Expedia Group, Inc. has a fifty-two week low of $109.26 and a fifty-two week high of $207.73. The stock has a market cap of $21.08 billion, a price-to-earnings ratio of 18.32, a P/E/G ratio of 0.92 and a beta of 1.62.

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

Expedia Group Dividend Announcement

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

Expedia Group 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.