Teachers Retirement System of The State of Kentucky Raises Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Teachers Retirement System of The State of Kentucky lifted its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 22.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,655 shares of the online travel company’s stock after acquiring an additional 30,744 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.13% of Expedia Group worth $21,501,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of EXPE. Advisory Services Network LLC purchased a new stake in Expedia Group during the fourth quarter worth $298,000. Parallel Advisors LLC grew its stake in Expedia Group by 7.4% in the 4th quarter. Parallel Advisors LLC now owns 1,163 shares of the online travel company’s stock valued at $176,000 after acquiring an additional 80 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in Expedia Group by 6.2% during the 4th quarter. Allianz Asset Management GmbH now owns 25,929 shares of the online travel company’s stock valued at $3,936,000 after acquiring an additional 1,524 shares in the last quarter. NEOS Investment Management LLC purchased a new position in Expedia Group during the 4th quarter valued at about $287,000. Finally, First Trust Advisors LP raised its position in Expedia Group by 35.7% during the fourth quarter. First Trust Advisors LP now owns 207,157 shares of the online travel company’s stock worth $31,444,000 after acquiring an additional 54,511 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Stock Performance

NASDAQ:EXPE opened at $146.47 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45. The firm has a market capitalization of $19.96 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 0.56 and a beta of 1.79. Expedia Group, Inc. has a twelve month low of $92.48 and a twelve month high of $160.05. The stock’s 50-day simple moving average is $133.65 and its 200 day simple moving average is $128.60.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, August 8th. The online travel company reported $3.51 earnings per share for the quarter, beating the consensus estimate of $3.17 by $0.34. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter last year, the business posted $2.34 EPS. Expedia Group’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts anticipate that Expedia Group, Inc. will post 8.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on EXPE shares. Susquehanna raised their price objective on shares of Expedia Group from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Barclays lowered their target price on Expedia Group from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. UBS Group cut their price target on Expedia Group from $140.00 to $137.00 and set a “neutral” rating for the company in a report on Friday, August 9th. TD Cowen lowered Expedia Group from a “buy” rating to a “hold” rating and increased their price objective for the company from $130.00 to $150.00 in a research note on Wednesday, September 25th. Finally, BTIG Research boosted their target price on shares of Expedia Group from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Nineteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $149.73.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 12,602 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $131.50, for a total value of $1,657,163.00. Following the sale, the insider now directly owns 89,960 shares in the company, valued at $11,829,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $134.60, for a total value of $729,128.20. Following the completion of the sale, the insider now directly owns 84,543 shares in the company, valued at $11,379,487.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert J. Dzielak sold 12,602 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $131.50, for a total value of $1,657,163.00. Following the completion of the sale, the insider now owns 89,960 shares of the company’s stock, valued at $11,829,740. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,019 shares of company stock valued at $3,888,391. 8.07% of the stock is currently owned by company insiders.

Expedia Group 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.