Kentucky Retirement Systems Insurance Trust Fund Reduces Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Kentucky Retirement Systems Insurance Trust Fund lessened its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 2.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,557 shares of the online travel company’s stock after selling 90 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Expedia Group were worth $598,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Praxis Investment Management Inc. grew its position in Expedia Group by 63.5% during the first quarter. Praxis Investment Management Inc. now owns 4,610 shares of the online travel company’s stock valued at $775,000 after buying an additional 1,790 shares during the period. Advisor Resource Council bought a new stake in Expedia Group during the first quarter valued at approximately $2,099,000. Friedenthal Financial grew its position in Expedia Group by 22.1% during the first quarter. Friedenthal Financial now owns 5,243 shares of the online travel company’s stock valued at $881,000 after buying an additional 950 shares during the period. State of Alaska Department of Revenue grew its position in Expedia Group by 3.2% during the first quarter. State of Alaska Department of Revenue now owns 14,451 shares of the online travel company’s stock valued at $2,429,000 after buying an additional 445 shares during the period. Finally, Seed Wealth Management Inc. grew its position in Expedia Group by 8.2% during the first quarter. Seed Wealth Management Inc. now owns 1,250 shares of the online travel company’s stock valued at $210,000 after buying an additional 95 shares during the period. Institutional investors own 90.76% of the company’s stock.

Analyst Ratings Changes

EXPE has been the subject of several recent research reports. Wedbush restated a “neutral” rating and set a $165.00 target price (down from $180.00) on shares of Expedia Group in a research report on Friday, May 9th. Bank of America boosted their target price on shares of Expedia Group from $205.00 to $211.00 and gave the company a “buy” rating in a research report on Friday, May 9th. Barclays boosted their target price on shares of Expedia Group from $187.00 to $190.00 and gave the company an “equal weight” rating in a research report on Friday, May 9th. Cantor Fitzgerald restated a “neutral” rating and set a $170.00 target price on shares of Expedia Group in a research report on Thursday, May 15th. Finally, Morgan Stanley lowered their price target on shares of Expedia Group from $190.00 to $150.00 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Expedia Group presently has a consensus rating of “Moderate Buy” and an average price target of $186.08.

Expedia Group Trading Up 2.1%

NASDAQ EXPE opened at $169.22 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92. Expedia Group, Inc. has a 12 month low of $110.20 and a 12 month high of $207.73. The company’s 50-day moving average price is $163.77 and its 200-day moving average price is $173.62. The stock has a market cap of $21.51 billion, a PE ratio of 19.96, a PEG ratio of 0.79 and a beta of 1.59.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.02). Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the previous year, the company earned $0.21 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. Equities research analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Thursday, May 29th. Expedia Group’s payout ratio is 18.87%.

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.