Expedia Group, Inc. $EXPE Shares Acquired by California State Teachers Retirement System

California State Teachers Retirement System increased its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 23,808.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,547,643 shares of the online travel company’s stock after acquiring an additional 46,352,952 shares during the period. California State Teachers Retirement System owned approximately 38.78% of Expedia Group worth $11,910,611,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Expedia Group during the fourth quarter valued at approximately $861,979,000. Wellington Management Group LLP lifted its holdings in shares of Expedia Group by 24,899.5% during the third quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after purchasing an additional 1,801,232 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Expedia Group by 25.0% during the third quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock valued at $779,275,000 after purchasing an additional 728,063 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Expedia Group in the 2nd quarter valued at $166,203,000. Finally, First Trust Advisors LP boosted its position in shares of Expedia Group by 104.1% in the 1st quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock valued at $275,112,000 after purchasing an additional 607,698 shares during the period. 90.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 2,810 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total transaction of $909,456.50. Following the completion of the transaction, the chief accounting officer owned 12,006 shares of the company’s stock, valued at $3,885,741.90. This represents a 18.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert J. Dzielak sold 3,003 shares of Expedia Group stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $315.00, for a total transaction of $945,945.00. Following the completion of the sale, the insider owned 103,829 shares in the company, valued at $32,706,135. This trade represents a 2.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,950 shares of company stock valued at $3,881,995 over the last three months. Company insiders own 5.20% of the company’s stock.

Expedia Group Trading Down 7.9%

Shares of NASDAQ EXPE opened at $274.55 on Wednesday. Expedia Group, Inc. has a twelve month low of $185.34 and a twelve month high of $342.00. The stock has a market cap of $32.95 billion, a price-to-earnings ratio of 17.12, a P/E/G ratio of 0.73 and a beta of 1.25. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.21. The company’s fifty day moving average is $295.87 and its 200-day moving average is $255.31.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, topping the consensus estimate of $5.22 by $0.54. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.17 billion. During the same quarter last year, the business posted $4.24 EPS. The firm’s revenue was up 14.0% compared to the same quarter last year. Equities research analysts predict that Expedia Group, Inc. will post 17.15 EPS for the current year.

Expedia Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 27th. Expedia Group’s dividend payout ratio is currently 11.97%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Evercore set a $430.00 price objective on shares of Expedia Group in a research note on Monday, August 24th. Rosenblatt Securities initiated coverage on Expedia Group in a report on Tuesday, September 1st. They set a “neutral” rating and a $360.00 price objective for the company. Susquehanna raised their price objective on shares of Expedia Group from $250.00 to $315.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. DA Davidson decreased their target price on shares of Expedia Group from $260.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Finally, Robert W. Baird set a $335.00 price target on shares of Expedia Group in a report on Thursday, August 6th. Eighteen investment analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $318.71.

About Expedia Group

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.