Public Employees Retirement System of Ohio Makes New $15.89 Million Investment in Expedia Group, Inc. $EXPE

Key Points

• Public Employees Retirement System of Ohio purchased 62,103 Expedia Group shares valued at approximately $15.89 million, joining institutional investors that collectively own 90.76% of EXPE.
• Insiders sold 16,652 shares worth nearly $4.98 million over the past 90 days. Analysts remain mixed, with an overall “Hold” rating and an average price target of $317.45.
• Expedia exceeded quarterly expectations with earnings of $5.76 per share and revenue of $4.32 billion, while revenue increased 14% year over year. The company also announced a quarterly dividend of $0.48 per share.

Public Employees Retirement System of Ohio purchased a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 62,103 shares of the online travel company's stock, valued at approximately $15,891,000. Public Employees Retirement System of Ohio owned approximately 0.05% of Expedia Group at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of EXPE. Petredis Investment Advisors LLC raised its position in Expedia Group by 3.2% in the 1st quarter. Petredis Investment Advisors LLC now owns 1,305 shares of the online travel company's stock worth $301,000 after buying an additional 40 shares during the last quarter. Ballentine Partners LLC grew its stake in shares of Expedia Group by 2.2% in the fourth quarter. Ballentine Partners LLC now owns 2,225 shares of the online travel company's stock worth $630,000 after acquiring an additional 47 shares during the period. Beacon Financial Advisory LLC grew its stake in shares of Expedia Group by 3.0% in the first quarter. Beacon Financial Advisory LLC now owns 1,628 shares of the online travel company's stock worth $376,000 after acquiring an additional 48 shares during the period. V Square Quantitative Management LLC raised its holdings in shares of Expedia Group by 0.7% during the first quarter. V Square Quantitative Management LLC now owns 7,389 shares of the online travel company's stock valued at $1,706,000 after purchasing an additional 49 shares during the last quarter. Finally, Astoria Portfolio Advisors LLC. lifted its position in Expedia Group by 3.2% during the first quarter. Astoria Portfolio Advisors LLC. now owns 1,692 shares of the online travel company's stock valued at $415,000 after purchasing an additional 53 shares during the period. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Craig A. Jacobson sold 3,133 shares of the stock in a transaction on 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 sale, the director directly owned 29,832 shares of the company's stock, valued at $9,800,408.64. This represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 1,004 shares of the firm's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $335.00, for a total transaction of $336,340.00. Following the sale, the insider owned 104,331 shares in the company, valued at $34,950,885. The trade was a 0.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 16,652 shares of company stock worth $4,977,561. Company insiders own 5.20% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on EXPE. Truist Financial boosted their target price on shares of Expedia Group from $246.00 to $309.00 and gave the company a "hold" rating in a research note on Monday, August 3rd. Gordon Haskett dropped their price target on Expedia Group from $320.00 to $290.00 and set a "buy" rating on the stock in a research note on Wednesday, May 13th. Wedbush lifted their price objective on Expedia Group from $334.00 to $417.00 and gave the stock an "outperform" rating in a report on Thursday, August 20th. Bank of America reiterated a "buy" rating on shares of Expedia Group in a research report on Thursday, August 6th. Finally, Cantor Fitzgerald raised their target price on Expedia Group from $255.00 to $310.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. Eighteen research analysts have rated the stock with a Buy rating and twenty-one have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $317.45.

Expedia Group Stock Performance

Shares of EXPE stock opened at $329.44 on Monday. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market cap of $39.54 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.81 and a beta of 1.22. Expedia Group, Inc. has a 1 year low of $185.34 and a 1 year high of $342.00. The firm has a fifty day moving average price of $289.42 and a 200-day moving average price of $251.28.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, beating the consensus estimate of $5.22 by $0.54. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.17 billion. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.Expedia Group's quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the business earned $4.24 earnings per share. As a group, equities analysts predict that Expedia Group, Inc. will post 17.15 earnings per share for the current year.

Expedia Group Announces Dividend

The company 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 $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 27th. Expedia Group's dividend payout ratio is currently 11.97%.

About Expedia Group

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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