Teacher Retirement System of Texas Buys 224,182 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Teacher Retirement System of Texas raised its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 193.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 340,171 shares of the online travel company’s stock after purchasing an additional 224,182 shares during the quarter. Teacher Retirement System of Texas owned 0.27% of Expedia Group worth $63,384,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Greenleaf Trust raised its holdings in Expedia Group by 2.5% during the 4th quarter. Greenleaf Trust now owns 2,520 shares of the online travel company’s stock valued at $470,000 after buying an additional 61 shares during the last quarter. Hantz Financial Services Inc. raised its stake in shares of Expedia Group by 2.1% during the third quarter. Hantz Financial Services Inc. now owns 2,980 shares of the online travel company’s stock valued at $441,000 after acquiring an additional 62 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Expedia Group by 14.8% during the fourth quarter. UMB Bank n.a. now owns 489 shares of the online travel company’s stock valued at $91,000 after acquiring an additional 63 shares during the last quarter. Signet Financial Management LLC raised its position in Expedia Group by 0.3% during the 4th quarter. Signet Financial Management LLC now owns 25,499 shares of the online travel company’s stock valued at $4,751,000 after purchasing an additional 74 shares during the last quarter. Finally, Metis Global Partners LLC raised its position in Expedia Group by 1.8% during the 4th quarter. Metis Global Partners LLC now owns 4,149 shares of the online travel company’s stock valued at $773,000 after purchasing an additional 74 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on EXPE. Robert W. Baird began coverage on Expedia Group in a report on Wednesday, November 27th. They set an “outperform” rating and a $225.00 target price for the company. Wells Fargo & Company upped their price objective on shares of Expedia Group from $168.00 to $199.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Argus upped their price objective on shares of Expedia Group from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. StockNews.com upgraded shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 15th. Finally, UBS Group reissued a “neutral” rating on shares of Expedia Group in a research note on Tuesday, February 4th. Nineteen analysts have rated the stock with a hold rating, eleven have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, Expedia Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.43.

Insider Activity

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the completion of the sale, the director now owns 158,505 shares of the company’s stock, valued at approximately $26,912,563.95. The trade was a 5.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value of $1,028,500.00. Following the transaction, the insider now owns 74,502 shares of the company’s stock, valued at approximately $15,325,061.40. This trade represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock valued at $4,577,900 in the last 90 days. Company insiders own 6.80% of the company’s stock.

Expedia Group Stock Up 4.4 %

Expedia Group stock opened at $172.48 on Thursday. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73. The stock has a fifty day moving average of $184.00 and a 200 day moving average of $172.26. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $22.23 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 0.92 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. As a group, sell-side analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a yield of 0.93%. Expedia Group’s dividend payout ratio (DPR) is presently 17.68%.

Expedia Group 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.