Teachers Retirement System of The State of Kentucky Sells 19,024 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Teachers Retirement System of The State of Kentucky lessened its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 11.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & 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 filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of EXPE. Brighton Jones LLC acquired a new position in Expedia Group in the fourth quarter valued at approximately $408,000. Intech Investment Management LLC increased its position in shares of Expedia Group by 112.9% during the fourth quarter. Intech Investment Management LLC now owns 5,683 shares of the online travel company's stock worth $1,059,000 after acquiring an additional 3,014 shares during the period. Royal London Asset Management Ltd. increased its position in shares of Expedia Group by 1.0% during the fourth quarter. Royal London Asset Management Ltd. now owns 52,231 shares of the online travel company's stock worth $9,732,000 after acquiring an additional 535 shares during the period. iA Global Asset Management Inc. increased its position in shares of Expedia Group by 75.2% during the fourth quarter. iA Global Asset Management Inc. now owns 12,948 shares of the online travel company's stock worth $2,413,000 after acquiring an additional 5,558 shares during the period. Finally, Northwest & Ethical Investments L.P. acquired a new stake in Expedia Group in the fourth quarter valued at $130,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EXPE has been the topic of several research reports. Barclays raised their price objective on Expedia Group from $187.00 to $190.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Wells Fargo & Company raised their price objective on shares of Expedia Group from $149.00 to $178.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 price objective on shares of Expedia Group in a research report on Wednesday. Susquehanna reduced their price target on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating for the company in a research report on Monday, May 12th. Finally, UBS Group cut their price objective on Expedia Group from $194.00 to $170.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, eighteen have issued 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 currently has a consensus rating of "Hold" and a consensus price target of $188.92.

Expedia Group Price Performance

NASDAQ:EXPE traded up $1.42 during trading hours on Wednesday, reaching $190.86. 443,013 shares of the company's stock were exchanged, compared to its average volume of 1,879,536. The company has a market capitalization of $24.26 billion, a P/E ratio of 22.49, a price-to-earnings-growth ratio of 0.89 and a beta of 1.57. Expedia Group, Inc. has a 12 month low of $110.20 and a 12 month high of $207.73. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. The business's 50-day simple moving average is $170.27 and its two-hundred day simple moving average is $172.37.

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

Expedia Group Announces Dividend

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

Expedia Group Company 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.