State of Michigan Retirement System Sells 300 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

State of Michigan Retirement System decreased its position in Expedia Group, Inc. (NASDAQ:EXPE) by 0.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 39,564 shares of the online travel company’s stock after selling 300 shares during the period. State of Michigan Retirement System’s holdings in Expedia Group were worth $7,372,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Windacre Partnership LLC lifted its holdings in Expedia Group by 49.5% during the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock worth $639,994,000 after acquiring an additional 1,431,500 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Expedia Group by 22.5% during the third quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock worth $481,170,000 after purchasing an additional 596,510 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Expedia Group by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,197,927 shares of the online travel company’s stock valued at $472,212,000 after purchasing an additional 20,005 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Expedia Group by 9.4% in the 3rd quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock valued at $250,078,000 after purchasing an additional 144,579 shares during the period. Finally, Alkeon Capital Management LLC grew its position in shares of Expedia Group by 46.3% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock valued at $233,349,000 after purchasing an additional 498,934 shares during the period. Institutional investors own 90.76% of the company’s stock.

Insider Transactions at Expedia Group

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on 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 transaction, the director now owns 158,505 shares in the company, valued at $26,912,563.95. This trade represents a 5.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 5,000 shares of Expedia Group stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total value of $1,028,500.00. Following the sale, the insider now directly owns 74,502 shares of the company’s stock, valued at $15,325,061.40. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,000 shares of company stock worth $4,577,900. Company insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Oppenheimer raised their target price on shares of Expedia Group from $210.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. UBS Group restated a “neutral” rating on shares of Expedia Group in a report on Tuesday, February 4th. Wells Fargo & Company upped their target price on shares of Expedia Group from $168.00 to $199.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Morgan Stanley lifted their price target on Expedia Group from $180.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Finally, Argus upped their price objective on Expedia Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Nineteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $192.64.

Expedia Group Trading Up 1.2 %

Shares of Expedia Group stock opened at $190.99 on Thursday. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $207.73. The company has a market capitalization of $24.61 billion, a price-to-earnings ratio of 21.10, a P/E/G ratio of 0.92 and a beta of 1.82. The business has a fifty day simple moving average of $187.25 and a two-hundred day simple moving average of $170.00. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72.

Expedia Group (NASDAQ:EXPE) last announced its 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 return on equity of 52.41% and a net margin of 9.01%. Research analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a $0.40 dividend. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 0.84%. Expedia Group’s dividend payout ratio is presently 17.68%.

About Expedia Group

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.