Public Employees Retirement System of Ohio Lowers Position in Expedia Group, Inc. (NASDAQ:EXPE)

Public Employees Retirement System of Ohio lessened its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,963 shares of the online travel company's stock after selling 2,117 shares during the period. Public Employees Retirement System of Ohio's holdings in Expedia Group were worth $10,800,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Atomi Financial Group Inc. bought a new position in Expedia Group during the fourth quarter valued at $229,000. Janney Montgomery Scott LLC increased its position in Expedia Group by 6.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 37,485 shares of the online travel company's stock valued at $6,985,000 after acquiring an additional 2,272 shares during the last quarter. Brighton Jones LLC bought a new position in Expedia Group during the fourth quarter valued at $408,000. RFG Advisory LLC bought a new position in Expedia Group during the fourth quarter valued at $251,000. Finally, Navis Wealth Advisors LLC bought a new position in Expedia Group during the fourth quarter valued at $212,000. Institutional investors own 90.76% of the company's stock.

Expedia Group Stock Performance

NASDAQ:EXPE traded down $1.56 during midday trading on Friday, hitting $164.09. The company's stock had a trading volume of 484,651 shares, compared to its average volume of 1,928,635. Expedia Group, Inc. has a fifty-two week low of $109.03 and a fifty-two week high of $207.73. The firm's 50 day moving average is $159.54 and its 200-day moving average is $175.59. 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 market cap of $20.86 billion, a P/E ratio of 18.19, a P/E/G ratio of 0.92 and a beta of 1.62.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.02). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same quarter last year, the company posted $0.21 EPS. Expedia Group's quarterly revenue was up 3.4% compared to the same quarter last year. Equities 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. Investors of record on Thursday, May 29th will be issued a $0.40 dividend. The ex-dividend date is Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 0.98%. Expedia Group's dividend payout ratio (DPR) is presently 18.87%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on EXPE shares. Barclays boosted their price objective on shares of Expedia Group from $187.00 to $190.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Piper Sandler cut shares of Expedia Group from a "neutral" rating to an "underweight" rating and cut their price objective for the company from $174.00 to $135.00 in a research report on Friday, May 9th. HSBC upgraded shares of Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 price objective on the stock in a research report on Friday, February 7th. Truist Financial boosted their price objective on shares of Expedia Group from $163.00 to $175.00 and gave the company a "hold" rating in a research report on Wednesday, March 12th. Finally, JMP Securities reissued a "market perform" rating on shares of Expedia Group in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $186.35.

About Expedia Group

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.