Teacher Retirement System of Texas increased its holdings in Expedia Group Inc (NASDAQ:EXPE) by 105.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,521 shares of the online travel company’s stock after acquiring an additional 107,809 shares during the period. Teacher Retirement System of Texas’ holdings in Expedia Group were worth $25,052,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EXPE. North Star Investment Management Corp. acquired a new stake in shares of Expedia Group in the 1st quarter worth about $25,000. Liberty Wealth Management LLC acquired a new stake in shares of Expedia Group in the 4th quarter worth about $32,000. Legacy Bridge LLC purchased a new stake in Expedia Group in the 4th quarter valued at about $35,000. JOYN Advisors Inc. increased its stake in Expedia Group by 53.0% in the 4th quarter. JOYN Advisors Inc. now owns 332 shares of the online travel company’s stock valued at $37,000 after buying an additional 115 shares during the last quarter. Finally, Rational Advisors LLC purchased a new stake in Expedia Group in the 4th quarter valued at about $38,000. Institutional investors own 80.53% of the company’s stock.

Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Expedia Group from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Barclays reiterated a “buy” rating and issued a $145.00 price objective on shares of Expedia Group in a research note on Monday, May 6th. BidaskClub lowered shares of Expedia Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. 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. Finally, Piper Jaffray Companies decreased their price objective on shares of Expedia Group from $165.00 to $160.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $146.90.

In related news, insider Mark D. Okerstrom sold 5,531 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $128.65, for a total value of $711,563.15. Following the completion of the transaction, the insider now directly owns 69,813 shares of the company’s stock, valued at approximately $8,981,442.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Lance A. Soliday sold 1,635 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $124.56, for a total transaction of $203,655.60. Following the completion of the transaction, the chief accounting officer now directly owns 6,644 shares of the company’s stock, valued at $827,576.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,228 shares of company stock valued at $2,319,650. 20.96% of the stock is currently owned by company insiders.

Shares of EXPE stock opened at $119.13 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.74. Expedia Group Inc has a 12-month low of $108.11 and a 12-month high of $139.77. The company has a market cap of $17.19 billion, a PE ratio of 24.77, a P/E/G ratio of 1.65 and a beta of 0.96.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, May 2nd. The online travel company reported ($0.27) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.61) by $0.34. Expedia Group had a net margin of 3.89% and a return on equity of 13.41%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same quarter last year, the business posted ($0.36) EPS. Expedia Group’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities analysts forecast that Expedia Group Inc will post 5.76 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 23rd will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $1.28 annualized dividend and a dividend yield of 1.07%. Expedia Group’s payout ratio is currently 26.61%.

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About Expedia Group

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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