Teacher Retirement System of Texas Has $38.15 Million Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Teacher Retirement System of Texas cut its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 33.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 226,945 shares of the online travel company's stock after selling 113,226 shares during the period. Teacher Retirement System of Texas owned about 0.18% of Expedia Group worth $38,149,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Private Trust Co. NA raised its stake in Expedia Group by 60.1% during the first quarter. Private Trust Co. NA now owns 2,244 shares of the online travel company's stock worth $377,000 after acquiring an additional 842 shares in the last quarter. Summit Trail Advisors LLC grew its holdings in shares of Expedia Group by 29.0% in the 1st quarter. Summit Trail Advisors LLC now owns 4,761 shares of the online travel company's stock worth $800,000 after purchasing an additional 1,069 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Expedia Group by 19.0% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,838 shares of the online travel company's stock worth $2,662,000 after purchasing an additional 2,534 shares during the last quarter. Vontobel Holding Ltd. increased its position in shares of Expedia Group by 42.0% during the 1st quarter. Vontobel Holding Ltd. now owns 49,060 shares of the online travel company's stock worth $8,247,000 after purchasing an additional 14,503 shares in the last quarter. Finally, Mather Group LLC. increased its position in shares of Expedia Group by 42.1% during the 1st quarter. Mather Group LLC. now owns 543 shares of the online travel company's stock worth $91,000 after purchasing an additional 161 shares in the last quarter. Institutional investors own 90.76% of the company's stock.

Expedia Group Trading Up 3.3%

Shares of Expedia Group stock traded up $5.64 on Friday, hitting $176.65. 1,429,430 shares of the company's stock traded hands, compared to its average volume of 1,906,533. The firm's 50-day moving average price is $166.56 and its two-hundred day moving average price is $172.89. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $22.46 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 0.84 and a beta of 1.57. Expedia Group, Inc. has a one year low of $110.20 and a one year high of $207.73.

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

Expedia Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 0.91%. Expedia Group's payout ratio is currently 18.87%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Cantor Fitzgerald restated a "neutral" rating and issued a $170.00 price target on shares of Expedia Group in a research report on Thursday, May 15th. Wells Fargo & Company lifted their target price on shares of Expedia Group from $143.00 to $149.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Barclays boosted their target price on Expedia Group from $187.00 to $190.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Wedbush reaffirmed a "neutral" rating and set a $165.00 price target (down from $180.00) on shares of Expedia Group in a report on Friday, May 9th. Finally, Wall Street Zen downgraded Expedia Group from a "buy" rating to a "hold" rating in a research report on Saturday, June 28th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, Expedia Group has an average rating of "Hold" and a consensus price target of $186.08.

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.