California Public Employees Retirement System Has $56.14 Million Stock Holdings in Expedia Group, Inc. $EXPE

California Public Employees Retirement System lifted its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 8.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 243,149 shares of the online travel company’s stock after purchasing an additional 19,567 shares during the period. California Public Employees Retirement System owned about 0.20% of Expedia Group worth $56,141,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Corient Private Wealth LLC lifted its holdings in shares of Expedia Group by 17.8% during the fourth quarter. Corient Private Wealth LLC now owns 61,211 shares of the online travel company’s stock worth $17,344,000 after purchasing an additional 9,256 shares during the period. Oliver Luxxe Assets LLC acquired a new stake in Expedia Group in the fourth quarter valued at $3,164,000. Lmcg Investments LLC increased its holdings in Expedia Group by 276.0% in the fourth quarter. Lmcg Investments LLC now owns 9,655 shares of the online travel company’s stock valued at $2,735,000 after purchasing an additional 7,087 shares during the period. Monument Capital Management bought a new position in Expedia Group during the 4th quarter worth $2,781,000. Finally, North Dakota State Investment Board bought a new position in Expedia Group during the 4th quarter worth $3,027,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on EXPE shares. Gordon Haskett reduced their price target on Expedia Group from $320.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Zacks Research downgraded Expedia Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Morgan Stanley raised their price objective on Expedia Group from $270.00 to $290.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Truist Financial cut their price objective on Expedia Group from $252.00 to $246.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. Finally, Dbs Bank upgraded Expedia Group from a “hold” rating to a “moderate buy” rating in a report on Monday, May 11th. Seventeen analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $288.82.

Expedia Group Stock Performance

Shares of EXPE opened at $268.77 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.43. The stock has a market capitalization of $32.94 billion, a P/E ratio of 23.66, a price-to-earnings-growth ratio of 0.71 and a beta of 1.23. The firm’s fifty day simple moving average is $240.27 and its two-hundred day simple moving average is $244.49. Expedia Group, Inc. has a 12 month low of $174.05 and a 12 month high of $303.80.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.55. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The firm had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period last year, the business posted $0.40 EPS. The business’s revenue was up 14.7% compared to the same quarter last year. As a group, analysts predict that Expedia Group, Inc. will post 16.98 EPS for the current year.

Expedia Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, May 28th were given a dividend of $0.48 per share. The ex-dividend date was Thursday, May 28th. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. Expedia Group’s dividend payout ratio is presently 16.90%.

Insider Activity at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 940 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total value of $208,548.40. Following the transaction, the chief accounting officer directly owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 4,702 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $233.00, for a total value of $1,095,566.00. Following the transaction, the insider owned 105,448 shares in the company, valued at $24,569,384. The trade was a 4.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 5.20% of the company’s stock.

Expedia Group Profile

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.