California State Teachers Retirement System Sells 12,779 Shares of Expedia Group, Inc. $EXPE

California State Teachers Retirement System trimmed its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 6.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 181,912 shares of the online travel company's stock after selling 12,779 shares during the period. California State Teachers Retirement System owned about 0.15% of Expedia Group worth $46,547,643 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of EXPE. Norges Bank bought a new stake in Expedia Group during the 4th quarter valued at approximately $861,979,000. Bank of New York Mellon Corp acquired a new stake in Expedia Group in the second quarter valued at approximately $166,203,000. First Trust Advisors LP raised its stake in Expedia Group by 104.1% during the 1st quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company's stock valued at $275,112,000 after acquiring an additional 607,698 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Expedia Group by 55.0% in the fourth quarter. Deutsche Bank AG now owns 1,286,093 shares of the online travel company's stock valued at $364,363,000 after purchasing an additional 456,176 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in Expedia Group by 67.7% during the second quarter. Wellington Management Group LLP now owns 780,140 shares of the online travel company's stock valued at $199,622,000 after acquiring an additional 314,984 shares during the period. Hedge funds and other institutional investors own 90.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EXPE shares. Benchmark lifted their target price on Expedia Group from $290.00 to $360.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. UBS Group boosted their price target on Expedia Group from $322.00 to $351.00 and gave the stock a "neutral" rating in a report on Wednesday, August 12th. Rosenblatt Securities assumed coverage on shares of Expedia Group in a research note on Tuesday, September 1st. They issued a "neutral" rating and a $360.00 target price for the company. Royal Bank Of Canada raised their price objective on shares of Expedia Group from $290.00 to $330.00 and gave the stock a "sector perform" rating in a report on Thursday, August 6th. Finally, Barclays boosted their price objective on Expedia Group from $264.00 to $320.00 and gave the company an "equal weight" rating in a research report on Thursday, August 6th. Eighteen research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the stock. According to MarketBeat, Expedia Group has an average rating of "Hold" and a consensus price target of $318.71.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE traded up $3.15 during trading hours on Tuesday, hitting $291.01. The stock had a trading volume of 916,875 shares, compared to its average volume of 2,002,702. The stock's fifty day simple moving average is $296.86 and its 200 day simple moving average is $257.62. The firm has a market capitalization of $34.93 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 0.69 and a beta of 1.25. Expedia Group, Inc. has a 1-year low of $185.34 and a 1-year high of $342.00. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.22 by $0.54. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.17 billion. During the same quarter in the prior year, the business posted $4.24 earnings per share. The company's quarterly revenue was up 14.0% compared to the same quarter last year. Sell-side analysts anticipate that Expedia Group, Inc. will post 17.15 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, August 27th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, August 27th. Expedia Group's dividend payout ratio is currently 11.97%.

Insider Activity

In related news, insider Robert Dzielak sold 3,003 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $315.00, for a total transaction of $945,945.00. Following the completion of the sale, the insider owned 103,829 shares in the company, valued at approximately $32,706,135. This trade represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Craig Jacobson sold 3,133 shares of Expedia Group stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $328.52, for a total value of $1,029,253.16. Following the completion of the transaction, the director owned 29,832 shares in the company, valued at $9,800,408.64. This trade represents a 9.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 11,950 shares of company stock valued at $3,881,995 over the last ninety days. 5.20% of the stock is currently owned by corporate insiders.

Expedia Group Profile

Expedia Group, Inc is an online travel company that connects travelers with lodging, transportation, activities and other travel-related services. Its consumer brands include Expedia, Hotels.com, Vrbo, Travelocity, Orbitz, Wotif and ebookers. Through these platforms, customers can search for and book hotel stays, vacation rentals, flights, rental cars, cruises, vacation packages and activities.

The company also provides business-to-business travel technology and booking services through its partnerships with airlines, hotels, financial institutions, retailers and other organizations.

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