Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board cut its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,978 shares of the online travel company’s stock after selling 200 shares during the period. New Mexico Educational Retirement Board’s holdings in Expedia Group were worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of EXPE. Caprock Group LLC raised its position in Expedia Group by 33.7% in the third quarter. Caprock Group LLC now owns 10,191 shares of the online travel company’s stock valued at $1,508,000 after purchasing an additional 2,569 shares during the period. Teamwork Financial Advisors LLC purchased a new position in shares of Expedia Group in the 4th quarter valued at about $1,791,000. Cozad Asset Management Inc. increased its position in shares of Expedia Group by 16.9% in the 3rd quarter. Cozad Asset Management Inc. now owns 30,823 shares of the online travel company’s stock valued at $4,562,000 after purchasing an additional 4,449 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Expedia Group by 13.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 649,716 shares of the online travel company’s stock worth $96,171,000 after purchasing an additional 75,120 shares in the last quarter. Finally, Integrated Investment Consultants LLC purchased a new position in shares of Expedia Group in the 3rd quarter valued at about $527,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE opened at $202.38 on Tuesday. The firm has a market capitalization of $25.98 billion, a PE ratio of 22.36, a P/E/G ratio of 0.82 and a beta of 1.82. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $207.73. The business has a 50-day moving average of $183.82 and a two-hundred day moving average of $163.44.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a return on equity of 55.42% and a net margin of 9.01%. As a group, research analysts forecast that Expedia Group, Inc. will post 10.75 earnings per share for the current year.

Expedia Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a $0.40 dividend. This is a boost from Expedia Group’s previous quarterly dividend of $0.34. The ex-dividend date is Thursday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 0.79%.

Analyst Upgrades and Downgrades

EXPE has been the topic of a number of research reports. Melius Research upgraded Expedia Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Morgan Stanley increased their price target on shares of Expedia Group from $180.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. DA Davidson raised their target price on Expedia Group from $190.00 to $205.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Robert W. Baird started coverage on Expedia Group in a report on Wednesday, November 27th. They issued an “outperform” rating and a $225.00 price target on the stock. Finally, JMP Securities restated a “market perform” rating on shares of Expedia Group in a report on Friday, February 7th. Nineteen analysts have rated the stock with a hold rating, eleven have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, Expedia Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.64.

Insider Buying and Selling at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $169.79, for a total value of $1,697,900.00. Following the completion of the sale, the director now directly owns 158,505 shares in the company, valued at approximately $26,912,563.95. The trade was a 5.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $180.00, for a total value of $351,180.00. Following the transaction, the insider now owns 85,250 shares in the company, valued at $15,345,000. This trade represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,951 shares of company stock valued at $3,900,580 in the last three months. Corporate insiders own 6.80% of the company’s stock.

Expedia Group Company 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.