Oregon Public Employees Retirement Fund Decreases Position in Expedia Group Inc (NASDAQ:EXPE)

Oregon Public Employees Retirement Fund decreased its holdings in shares of Expedia Group Inc (NASDAQ:EXPE) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,441 shares of the online travel company’s stock after selling 198 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Expedia Group were worth $1,655,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Alta Capital Management LLC lifted its stake in Expedia Group by 40.5% in the first quarter. Alta Capital Management LLC now owns 272,644 shares of the online travel company’s stock valued at $32,444,000 after buying an additional 78,604 shares during the last quarter. MML Investors Services LLC lifted its stake in Expedia Group by 0.9% in the first quarter. MML Investors Services LLC now owns 12,262 shares of the online travel company’s stock valued at $1,459,000 after buying an additional 109 shares during the last quarter. Greencape Capital Pty Ltd lifted its stake in Expedia Group by 0.9% in the first quarter. Greencape Capital Pty Ltd now owns 189,821 shares of the online travel company’s stock valued at $22,589,000 after buying an additional 1,600 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in Expedia Group by 310.2% in the first quarter. Riverhead Capital Management LLC now owns 16,662 shares of the online travel company’s stock valued at $1,983,000 after buying an additional 12,600 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Expedia Group by 21,698.8% in the first quarter. Pacer Advisors Inc. now owns 17,657 shares of the online travel company’s stock valued at $2,101,000 after buying an additional 17,576 shares during the last quarter. Hedge funds and other institutional investors own 81.91% of the company’s stock.

EXPE stock traded down $1.76 on Monday, reaching $127.41. 15,230 shares of the company’s stock were exchanged, compared to its average volume of 1,977,897. The company has a fifty day moving average of $133.28. Expedia Group Inc has a twelve month low of $108.11 and a twelve month high of $144.00. The company has a market cap of $19.01 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 1.67 and a beta of 1.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.76 and a current ratio of 0.76.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, July 25th. The online travel company reported $1.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.07. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. Expedia Group had a return on equity of 14.20% and a net margin of 5.36%. Expedia Group’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.45 earnings per share. On average, equities research analysts forecast that Expedia Group Inc will post 5.76 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 22nd will be issued a $0.34 dividend. This is a positive change from Expedia Group’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, August 21st. This represents a $1.36 annualized dividend and a yield of 1.07%. Expedia Group’s dividend payout ratio is 26.61%.

EXPE has been the subject of a number of research reports. Royal Bank of Canada boosted their price objective on Expedia Group to $177.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Telsey Advisory Group set a $125.00 price objective on Expedia Group and gave the company a “hold” rating in a research note on Friday, May 3rd. Susquehanna Bancshares reiterated a “neutral” rating and issued a $141.00 price objective (down previously from $170.00) on shares of Expedia Group in a research note on Monday, May 6th. Stifel Nicolaus reiterated a “hold” rating and issued a $135.00 price objective on shares of Expedia Group in a research note on Friday, July 26th. Finally, Bank of America reiterated a “buy” rating and issued a $160.00 price objective (up previously from $153.00) on shares of Expedia Group in a research note on Friday, July 26th. Ten analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $152.43.

In other Expedia Group news, Director Susan C. Athey sold 2,425 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $134.59, for a total value of $326,380.75. Following the sale, the director now owns 1,462 shares of the company’s stock, valued at $196,770.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.96% of the stock is currently owned by corporate insiders.

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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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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