Public Employees Retirement Association of Colorado raised its holdings in shares of Expedia Group Inc (NASDAQ:EXPE) by 19.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,388 shares of the online travel company’s stock after purchasing an additional 4,279 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Expedia Group were worth $3,547,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of EXPE. Nuveen Asset Management LLC increased its position in shares of Expedia Group by 1,704.3% during the second quarter. Nuveen Asset Management LLC now owns 5,557,410 shares of the online travel company’s stock worth $739,303,000 after purchasing an additional 5,249,396 shares in the last quarter. Par Capital Management Inc. increased its position in shares of Expedia Group by 19.4% in the 2nd quarter. Par Capital Management Inc. now owns 9,509,627 shares of the online travel company’s stock valued at $1,265,066,000 after acquiring an additional 1,545,373 shares during the period. DNB Asset Management AS increased its position in shares of Expedia Group by 2,126.8% in the 3rd quarter. DNB Asset Management AS now owns 1,102,864 shares of the online travel company’s stock valued at $148,236,000 after acquiring an additional 1,053,337 shares during the period. Holocene Advisors LP acquired a new position in shares of Expedia Group in the 2nd quarter valued at $57,957,000. Finally, BlackRock Inc. increased its position in shares of Expedia Group by 5.2% in the 2nd quarter. BlackRock Inc. now owns 8,223,670 shares of the online travel company’s stock valued at $1,093,995,000 after acquiring an additional 407,604 shares during the period. 81.52% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:EXPE traded down $0.06 during mid-day trading on Wednesday, hitting $95.60. The company’s stock had a trading volume of 3,433,700 shares, compared to its average volume of 1,787,738. Expedia Group Inc has a 1 year low of $95.30 and a 1 year high of $144.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market cap of $15.16 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.30 and a beta of 1.09. The business’s fifty day moving average is $131.15 and its two-hundred day moving average is $128.84.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 19th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Monday, November 18th. Expedia Group’s payout ratio is 28.27%.
In other news, insider Lance A. Soliday sold 2,724 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $127.93, for a total transaction of $348,481.32. Following the sale, the insider now directly owns 8,009 shares of the company’s stock, valued at approximately $1,024,591.37. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 9,222 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $135.19, for a total transaction of $1,246,722.18. Following the sale, the insider now directly owns 36,029 shares in the company, valued at $4,870,760.51. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 111,946 shares of company stock worth $14,878,704. 2.10% of the stock is owned by corporate insiders.
EXPE has been the topic of several research reports. Oppenheimer downgraded Expedia Group from an “outperform” rating to a “market perform” rating and cut their target price for the company from $160.00 to $110.00 in a research report on Monday. Standpoint Research initiated coverage on Expedia Group in a research report on Tuesday, July 16th. They issued a “buy” rating and a $180.00 target price on the stock. Bank of America downgraded Expedia Group from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. UBS Group reissued a “buy” rating and issued a $142.00 target price (down from $156.00) on shares of Expedia Group in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. cut their target price on Expedia Group from $155.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Twenty equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $142.35.
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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