Illinois Municipal Retirement Fund Sells 1,882 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Illinois Municipal Retirement Fund reduced its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 91,242 shares of the online travel company's stock after selling 1,882 shares during the period. Illinois Municipal Retirement Fund owned 0.07% of Expedia Group worth $15,338,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Minot DeBlois Advisors LLC bought a new position in Expedia Group during the 4th quarter worth $27,000. Sava Infond d.o.o. acquired a new stake in Expedia Group during the 4th quarter worth about $28,000. Prudent Man Investment Management Inc. acquired a new stake in Expedia Group during the 4th quarter worth about $34,000. Optiver Holding B.V. acquired a new stake in Expedia Group during the 4th quarter worth about $38,000. Finally, Banque Transatlantique SA acquired a new stake in Expedia Group during the 4th quarter worth about $45,000. 90.76% of the stock is owned by institutional investors.

Expedia Group Trading Up 0.6%

NASDAQ:EXPE opened at $166.80 on Friday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market cap of $21.20 billion, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. Expedia Group, Inc. has a 52 week low of $110.20 and a 52 week high of $207.73. The firm has a 50-day moving average price of $164.35 and a two-hundred day moving average price of $173.40.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). The firm had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.02 billion. Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The company's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS. On average, equities analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 0.96%. Expedia Group's dividend payout ratio (DPR) is 18.87%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Morgan Stanley decreased their price target on Expedia Group from $190.00 to $150.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Oppenheimer decreased their price target on Expedia Group from $230.00 to $210.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Cantor Fitzgerald reiterated a "neutral" rating and set a $170.00 price target on shares of Expedia Group in a report on Thursday, May 15th. Truist Financial decreased their price target on Expedia Group from $175.00 to $168.00 and set a "hold" rating for the company in a report on Tuesday. Finally, Bank of America increased their price objective on shares of Expedia Group from $205.00 to $211.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Expedia Group has an average rating of "Moderate Buy" and an average price target of $186.08.

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.

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