Public Employees Retirement System of Ohio Acquires Shares of 62,103 Expedia Group, Inc. $EXPE

Public Employees Retirement System of Ohio acquired a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 62,103 shares of the online travel company’s stock, valued at approximately $15,891,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EXPE. Brighton Jones LLC purchased a new position in shares of Expedia Group during the fourth quarter valued at about $408,000. NewEdge Advisors LLC increased its holdings in shares of Expedia Group by 5.0% in the first quarter. NewEdge Advisors LLC now owns 5,455 shares of the online travel company’s stock worth $917,000 after purchasing an additional 259 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Expedia Group in the second quarter worth about $596,000. Daiwa Securities Group Inc. lifted its position in shares of Expedia Group by 6.5% in the second quarter. Daiwa Securities Group Inc. now owns 21,265 shares of the online travel company’s stock worth $3,587,000 after buying an additional 1,290 shares in the last quarter. Finally, AXA S.A. boosted its stake in Expedia Group by 5.9% during the second quarter. AXA S.A. now owns 11,042 shares of the online travel company’s stock valued at $1,863,000 after buying an additional 615 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

Expedia Group Price Performance

NASDAQ:EXPE opened at $329.44 on Monday. The firm has a market capitalization of $39.54 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.81 and a beta of 1.22. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.80 and a quick ratio of 0.80. The business has a 50 day simple moving average of $289.42 and a 200-day simple moving average of $251.28. Expedia Group, Inc. has a 1 year low of $185.34 and a 1 year high of $342.00.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, beating the consensus estimate of $5.22 by $0.54. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.The firm had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.17 billion. During the same quarter in the previous year, the company posted $4.24 EPS. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. Equities analysts forecast that Expedia Group, Inc. will post 17.15 EPS for the current year.

Expedia Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, August 27th. This represents a $1.92 dividend on an annualized basis and a yield of 0.6%. Expedia Group’s payout ratio is 11.97%.

Analysts Set New Price Targets

EXPE has been the subject of several research analyst reports. The Goldman Sachs Group set a $370.00 price target on Expedia Group in a report on Thursday, August 6th. Wells Fargo & Company increased their target price on Expedia Group from $303.00 to $307.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Wall Street Zen lowered shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Citic Securities reduced their price target on shares of Expedia Group from $337.00 to $320.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. Finally, Barclays upped their price target on shares of Expedia Group from $264.00 to $320.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Eighteen research analysts have rated the stock with a Buy rating and twenty-one have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $317.45.

Insider Buying and Selling at Expedia Group

In other news, Director Craig A. Jacobson sold 3,133 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $328.52, for a total value of $1,029,253.16. Following the sale, the director owned 29,832 shares of the company’s stock, valued at approximately $9,800,408.64. This represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert J. Dzielak sold 4,702 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the completion of the sale, the insider directly owned 105,448 shares in the company, valued at approximately $24,569,384. This represents a 4.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 16,652 shares of company stock worth $4,977,561 over the last quarter. Insiders own 5.20% of the company’s stock.

About Expedia Group

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.