Teachers Retirement System of The State of Kentucky Cuts Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Teachers Retirement System of The State of Kentucky decreased its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 11.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,856 shares of the online travel company's stock after selling 19,024 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.12% of Expedia Group worth $25,190,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of EXPE. Norges Bank purchased a new stake in shares of Expedia Group during the 4th quarter valued at about $670,565,000. Massachusetts Financial Services Co. MA bought a new position in Expedia Group during the first quarter valued at approximately $82,975,000. Bamco Inc. NY purchased a new stake in Expedia Group in the fourth quarter worth approximately $80,206,000. Alkeon Capital Management LLC boosted its holdings in Expedia Group by 25.4% in the fourth 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 during the last quarter. Finally, Bridgewater Associates LP grew its position in Expedia Group by 73.4% in the 4th quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company's stock worth $159,175,000 after purchasing an additional 361,543 shares during the period. Hedge funds and other institutional investors own 90.76% of the company's stock.

Expedia Group Trading Up 2.7%

EXPE traded up $5.10 on Tuesday, reaching $190.57. 763,302 shares of the company traded hands, compared to its average volume of 1,881,922. The company has a market cap of $24.23 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 0.88 and a beta of 1.57. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. Expedia Group, Inc. has a one year low of $110.20 and a one year high of $207.73. The firm has a fifty day simple moving average of $170.27 and a two-hundred day simple moving average of $172.37.

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 for the quarter, missing the consensus estimate of $0.42 by ($0.02). Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the prior year, the firm posted $0.21 EPS. The business's revenue was up 3.4% on a year-over-year basis. As a group, equities research analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on EXPE. Cantor Fitzgerald restated a "neutral" rating and issued a $170.00 price target on shares of Expedia Group in a research note on Thursday, May 15th. Piper Sandler cut shares of Expedia Group from a "neutral" rating to an "underweight" rating and reduced their price objective for the stock from $174.00 to $135.00 in a research note on Friday, May 9th. Oppenheimer dropped their price target on Expedia Group from $230.00 to $210.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Wall Street Zen downgraded Expedia Group from a "buy" rating to a "hold" rating in a research report on Sunday. Finally, Truist Financial reduced their price objective on Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a research note on Tuesday, June 24th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $187.77.

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.