Oregon Public Employees Retirement Fund Cuts Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Oregon Public Employees Retirement Fund cut its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,489 shares of the online travel company’s stock after selling 134 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Expedia Group were worth $1,954,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Windacre Partnership LLC increased its position in shares of Expedia Group by 49.5% in the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock valued at $639,994,000 after buying an additional 1,431,500 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Expedia Group by 22.5% in the third quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock worth $481,170,000 after acquiring an additional 596,510 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Expedia Group by 0.6% in the third quarter. Geode Capital Management LLC now owns 3,197,927 shares of the online travel company’s stock worth $472,212,000 after acquiring an additional 20,005 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Expedia Group by 9.4% in the third quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock worth $250,078,000 after acquiring an additional 144,579 shares during the last quarter. Finally, Alkeon Capital Management LLC boosted its stake in shares of Expedia Group by 46.3% in the third quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock worth $233,349,000 after acquiring an additional 498,934 shares during the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the sale, the insider now owns 74,502 shares in the company, valued at $15,325,061.40. This represents a 6.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $169.79, for a total value of $1,697,900.00. Following the sale, the director now owns 158,505 shares in the company, valued at approximately $26,912,563.95. This trade represents a 5.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $4,577,900 in the last quarter. 6.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EXPE. Bank of America raised Expedia Group from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $187.00 to $221.00 in a research note on Wednesday, December 18th. Hsbc Global Res raised Expedia Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 7th. BMO Capital Markets boosted their price objective on Expedia Group from $165.00 to $190.00 and gave the stock a “market perform” rating in a research note on Monday, February 10th. StockNews.com raised Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 15th. Finally, JPMorgan Chase & Co. boosted their price objective on Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Nineteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $192.64.

Expedia Group Price Performance

EXPE stock opened at $197.96 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. The company has a market capitalization of $25.51 billion, a PE ratio of 21.87, a P/E/G ratio of 0.92 and a beta of 1.82. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $207.73. The business’s fifty day moving average price is $187.15 and its 200 day moving average price is $168.47.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. On average, sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.40 per share. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.60 annualized dividend and a yield of 0.81%. Expedia Group’s dividend payout ratio is 17.68%.

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.