State Board of Administration of Florida Retirement System lowered its position in Expedia Group Inc (NASDAQ:EXPE) by 1.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 159,761 shares of the online travel company’s stock after selling 1,770 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Expedia Group were worth $19,012,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of EXPE. Norges Bank acquired a new position in Expedia Group in the 4th quarter worth $117,112,000. Boston Partners lifted its holdings in Expedia Group by 72.6% in the 4th quarter. Boston Partners now owns 1,321,220 shares of the online travel company’s stock worth $148,835,000 after buying an additional 555,640 shares in the last quarter. Standard Life Aberdeen plc lifted its holdings in Expedia Group by 167.0% in the 4th quarter. Standard Life Aberdeen plc now owns 549,745 shares of the online travel company’s stock worth $62,875,000 after buying an additional 343,814 shares in the last quarter. BlackRock Inc. lifted its holdings in Expedia Group by 3.3% in the 4th quarter. BlackRock Inc. now owns 7,832,787 shares of the online travel company’s stock worth $882,363,000 after buying an additional 250,021 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Expedia Group by 160.6% in the 4th quarter. Bank of Montreal Can now owns 390,741 shares of the online travel company’s stock valued at $44,016,000 after purchasing an additional 240,827 shares in the last quarter. Hedge funds and other institutional investors own 80.53% of the company’s stock.
NASDAQ EXPE opened at $119.56 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. The stock has a market capitalization of $17.19 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 1.65 and a beta of 0.96. Expedia Group Inc has a 52 week low of $108.11 and a 52 week high of $139.77.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 23rd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Wednesday, May 22nd. Expedia Group’s dividend payout ratio (DPR) is presently 26.61%.
A number of equities research analysts have recently issued reports 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. Piper Jaffray Companies cut their target price on shares of Expedia Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. Barclays restated a “buy” rating and issued a $145.00 target price 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. Finally, Bank of America restated a “buy” rating and issued a $148.00 target price (up previously from $142.00) on shares of Expedia Group in a research note on Tuesday, February 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $146.90.
In other news, CAO Lance A. Soliday sold 1,635 shares of the stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $124.56, for a total value of $203,655.60. Following the completion of the transaction, the chief accounting officer now directly owns 6,644 shares in the company, valued at $827,576.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark D. Okerstrom sold 5,531 shares of the stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $127.26, for a total transaction of $703,875.06. Following the completion of the transaction, the insider now owns 69,094 shares of the company’s stock, valued at $8,792,902.44. The disclosure for this sale can be found here. Insiders sold 18,228 shares of company stock valued at $2,319,650 over the last quarter. Insiders own 20.96% of the company’s stock.
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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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