South Dakota Investment Council Sells 1,700 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

South Dakota Investment Council cut its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 3.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 48,831 shares of the online travel company's stock after selling 1,700 shares during the period. South Dakota Investment Council's holdings in Expedia Group were worth $8,208,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Expedia Group in the 4th quarter worth about $670,565,000. Geode Capital Management LLC grew its holdings in Expedia Group by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company's stock worth $600,750,000 after acquiring an additional 30,163 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Expedia Group by 6.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company's stock worth $439,808,000 after acquiring an additional 150,480 shares during the period. Alkeon Capital Management LLC raised its stake in shares of Expedia Group by 25.4% during the 4th quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock worth $368,276,000 after purchasing an additional 400,000 shares in the last quarter. Finally, Lyrical Asset Management LP increased its position in Expedia Group by 1.7% in the 4th quarter. Lyrical Asset Management LP now owns 1,763,489 shares of the online travel company's stock worth $328,591,000 after buying an additional 28,736 shares during the period. Hedge funds and other institutional investors own 90.76% of the company's stock.

Expedia Group Trading Up 0.6%

Expedia Group stock traded up $1.23 during trading on Wednesday, hitting $190.67. The company had a trading volume of 349,881 shares, compared to its average volume of 1,879,117. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92. The company's 50 day simple moving average is $170.27 and its 200-day simple moving average is $172.37. The stock has a market cap of $24.24 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 0.89 and a beta of 1.57. Expedia Group, Inc. has a 1-year low of $110.20 and a 1-year high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its earnings results on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). The business 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 business's revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 EPS. As a group, analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Thursday, May 29th. Expedia Group's dividend payout ratio is 18.87%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EXPE. Benchmark reiterated a "buy" rating on shares of Expedia Group in a research note on Wednesday. Truist Financial reduced their price target on Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a report on Tuesday, June 24th. Wall Street Zen cut Expedia Group from a "buy" rating to a "hold" rating in a report on Sunday. Barclays lifted their price target on shares of Expedia Group from $187.00 to $190.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Finally, Morgan Stanley upped their price objective on shares of Expedia Group from $150.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Expedia Group has an average rating of "Hold" and an average target price of $187.77.

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.