Retirement Systems of Alabama decreased its position in Expedia Group Inc (NASDAQ:EXPE) by 0.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,442 shares of the online travel company’s stock after selling 384 shares during the quarter. Retirement Systems of Alabama’s holdings in Expedia Group were worth $6,479,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Expedia Group in the 4th quarter worth approximately $117,112,000. Boston Partners increased its position in Expedia Group by 72.6% during the 4th quarter. Boston Partners now owns 1,321,220 shares of the online travel company’s stock valued at $148,835,000 after buying an additional 555,640 shares in the last quarter. Standard Life Aberdeen plc increased its position in Expedia Group by 167.0% during the 4th quarter. Standard Life Aberdeen plc now owns 549,745 shares of the online travel company’s stock valued at $62,875,000 after buying an additional 343,814 shares in the last quarter. BlackRock Inc. increased its position in Expedia Group by 3.3% during the 4th quarter. BlackRock Inc. now owns 7,832,787 shares of the online travel company’s stock valued at $882,363,000 after buying an additional 250,021 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Expedia Group by 160.6% during the 4th quarter. Bank of Montreal Can now owns 390,741 shares of the online travel company’s stock valued at $44,016,000 after buying an additional 240,827 shares in the last quarter. Institutional investors and hedge funds own 79.70% of the company’s stock.
Shares of Expedia Group stock opened at $125.88 on Wednesday. Expedia Group Inc has a one year low of $105.87 and a one year high of $139.77. The firm has a market capitalization of $18.30 billion, a P/E ratio of 26.17, a P/E/G ratio of 1.55 and a beta of 0.93. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.66.
Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, February 7th. The online travel company reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.50. Expedia Group had a return on equity of 12.96% and a net margin of 3.62%. The company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the firm earned $0.84 EPS. Expedia Group’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, analysts forecast that Expedia Group Inc will post 6.01 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Thursday, March 7th were issued a $0.32 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $1.28 dividend on an annualized basis and a yield of 1.02%. Expedia Group’s dividend payout ratio is currently 26.61%.
A number of research analysts recently weighed in on EXPE shares. Benchmark reaffirmed a “hold” rating on shares of Expedia Group in a research report on Friday, February 8th. BidaskClub downgraded Expedia Group from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. Credit Suisse Group increased their target price on Expedia Group from $145.00 to $150.00 in a research note on Friday, February 8th. SunTrust Banks restated a “buy” rating and issued a $180.00 price target on shares of Expedia Group in a research note on Monday, February 4th. Finally, Goldman Sachs Group upgraded Expedia Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $125.00 to $140.00 in a research note on Friday, January 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $146.94.
In related news, CAO Lance A. Soliday sold 1,635 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $124.56, for a total value of $203,655.60. Following the transaction, the chief accounting officer now directly owns 6,644 shares of the company’s stock, valued at approximately $827,576.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Dara Khosrowshahi sold 50,000 shares of the firm’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $130.31, for a total value of $6,515,500.00. Following the completion of the transaction, the director now directly owns 462,910 shares in the company, valued at $60,321,802.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 123,759 shares of company stock worth $15,794,981. 20.96% of the stock is owned by insiders.
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Expedia Group Company Profile
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, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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