Oregon Public Employees Retirement Fund lowered its stake in Expedia Group Inc (NASDAQ:EXPE) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,217 shares of the online travel company’s stock after selling 160 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Expedia Group were worth $1,489,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alta Capital Management LLC grew its position in Expedia Group by 4.8% in the third quarter. Alta Capital Management LLC now owns 207,421 shares of the online travel company’s stock worth $27,064,000 after acquiring an additional 9,479 shares in the last quarter. Westpac Banking Corp grew its position in Expedia Group by 341.4% in the third quarter. Westpac Banking Corp now owns 39,503 shares of the online travel company’s stock worth $5,154,000 after acquiring an additional 30,554 shares in the last quarter. Bank of New York Mellon Corp grew its position in Expedia Group by 2.0% in the third quarter. Bank of New York Mellon Corp now owns 985,000 shares of the online travel company’s stock worth $128,524,000 after acquiring an additional 19,603 shares in the last quarter. Quantamental Technologies LLC purchased a new position in Expedia Group in the fourth quarter worth about $291,000. Finally, State of Alaska Department of Revenue grew its position in Expedia Group by 5.8% in the fourth quarter. State of Alaska Department of Revenue now owns 38,808 shares of the online travel company’s stock worth $4,370,000 after acquiring an additional 2,114 shares in the last quarter. Institutional investors own 80.65% of the company’s stock.

Several research analysts recently commented on EXPE shares. TheStreet lowered Expedia Group from a “b” rating to a “c+” rating in a research report on Wednesday, November 14th. Benchmark reiterated a “hold” rating on shares of Expedia Group in a research report on Friday. Deutsche Bank dropped their price target on Expedia Group from $147.00 to $146.00 and set a “buy” rating for the company in a research report on Tuesday, October 23rd. Oppenheimer set a $155.00 target price on Expedia Group and gave the company a “buy” rating in a research report on Tuesday, October 23rd. Finally, Cowen set a $135.00 target price on Expedia Group and gave the company a “buy” rating in a research report on Monday, October 22nd. Eleven equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $145.11.

In related news, Director Dara Khosrowshahi sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $125.17, for a total value of $6,258,500.00. Following the completion of the transaction, the director now owns 462,910 shares of the company’s stock, valued at $57,942,444.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lance A. Soliday sold 1,749 shares of the business’s stock in a transaction that occurred on Wednesday, January 16th. The stock was sold at an average price of $116.70, for a total transaction of $204,108.30. Following the completion of the transaction, the insider now directly owns 6,393 shares of the company’s stock, valued at approximately $746,063.10. The disclosure for this sale can be found here. Insiders sold 55,030 shares of company stock valued at $6,853,966 in the last quarter. 20.96% of the stock is owned by company insiders.

Shares of NASDAQ EXPE traded down $3.51 during trading hours on Monday, reaching $127.29. The stock had a trading volume of 9,391 shares, compared to its average volume of 1,555,727. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.70 and a current ratio of 0.64. The firm has a market capitalization of $19.52 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 1.51 and a beta of 1.04. Expedia Group Inc has a 52-week low of $98.52 and a 52-week high of $139.77.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, February 7th. The online travel company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.50. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.55 billion. Expedia Group had a return on equity of 12.96% and a net margin of 3.62%. Expedia Group’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 earnings per share. Analysts forecast that Expedia Group Inc will post 5.49 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Thursday, March 7th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.01%. Expedia Group’s payout ratio is 26.61%.

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About Expedia Group

Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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