Public Employees Retirement System of Ohio Has $13.76 Million Stake in Expedia Group, Inc. $EXPE

Public Employees Retirement System of Ohio grew its position in Expedia Group, Inc. (NASDAQ:EXPE) by 3.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 59,604 shares of the online travel company’s stock after purchasing an additional 2,074 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Expedia Group were worth $13,762,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EXPE. Motiv8 Investments LLC bought a new stake in Expedia Group during the fourth quarter worth $25,000. Entrust Financial LLC acquired a new stake in shares of Expedia Group in the 4th quarter valued at $26,000. JFS Wealth Advisors LLC boosted its stake in Expedia Group by 78.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after buying an additional 44 shares in the last quarter. Lodestone Wealth Management LLC bought a new position in shares of Expedia Group in the fourth quarter worth about $29,000. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Expedia Group by 970.6% in the third quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock worth $39,000 after acquiring an additional 165 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insider Buying and Selling

In other news, insider Robert J. Dzielak sold 4,702 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $233.00, for a total value of $1,095,566.00. Following the transaction, the insider owned 105,448 shares in the company, valued at approximately $24,569,384. The trade was a 4.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Lance A. Soliday sold 940 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the completion of the sale, the chief accounting officer directly owned 14,083 shares in the company, valued at approximately $3,124,454.38. This represents a 6.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

EXPE has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on shares of Expedia Group from $270.00 to $290.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. B. Riley Financial cut their target price on shares of Expedia Group from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. BTIG Research reaffirmed a “buy” rating and set a $330.00 target price on shares of Expedia Group in a research note on Tuesday, June 9th. Piper Sandler upped their price target on shares of Expedia Group from $225.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Citic Securities dropped their price target on Expedia Group from $337.00 to $320.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Seventeen analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $288.64.

Expedia Group Stock Performance

NASDAQ EXPE opened at $259.94 on Monday. The firm has a market capitalization of $31.85 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 0.68 and a beta of 1.23. The business’s 50-day moving average price is $244.54 and its two-hundred day moving average price is $243.69. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.43. Expedia Group, Inc. has a 12 month low of $174.05 and a 12 month high of $303.80.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.55. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.35 billion. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The firm’s revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share. On average, analysts expect that Expedia Group, Inc. will post 17.04 EPS for the current year.

Expedia Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th were issued a dividend of $0.48 per share. The ex-dividend date was Thursday, May 28th. This represents a $1.92 annualized dividend and a yield of 0.7%. Expedia Group’s dividend payout ratio (DPR) is presently 16.90%.

About Expedia Group

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.