New York State Teachers Retirement System Sells 5,719 Shares of Expedia Group, Inc. $EXPE

New York State Teachers Retirement System trimmed its position in Expedia Group, Inc. (NASDAQ:EXPE) by 4.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 117,711 shares of the online travel company’s stock after selling 5,719 shares during the period. New York State Teachers Retirement System’s holdings in Expedia Group were worth $25,161,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Spire Wealth Management lifted its position in shares of Expedia Group by 114.3% during the 2nd quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock worth $25,000 after purchasing an additional 80 shares during the last quarter. GFG Capital LLC bought a new stake in Expedia Group in the 2nd quarter valued at $29,000. SOA Wealth Advisors LLC. acquired a new position in shares of Expedia Group during the third quarter valued at about $36,000. Armstrong Advisory Group Inc. grew its position in Expedia Group by 212.7% during the third quarter. Armstrong Advisory Group Inc. now owns 172 shares of the online travel company’s stock worth $37,000 after buying an additional 117 shares in the last quarter. Finally, Trust Co. of Toledo NA OH bought a new stake in shares of Expedia Group in the 2nd quarter worth approximately $31,000. 90.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Madhumita Moina Banerjee sold 1,000 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $258.00, for a total transaction of $258,000.00. Following the sale, the director owned 2,916 shares of the company’s stock, valued at approximately $752,328. This trade represents a 25.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Lance A. Soliday sold 849 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $248.08, for a total value of $210,619.92. Following the sale, the chief accounting officer directly owned 11,662 shares in the company, valued at approximately $2,893,108.96. This represents a 6.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 4,849 shares of company stock valued at $1,283,270. 9.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on EXPE shares. UBS Group boosted their price target on shares of Expedia Group from $209.00 to $234.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Evercore ISI boosted their price target on Expedia Group from $280.00 to $350.00 and gave the company an “outperform” rating in a research note on Tuesday, November 25th. Barclays lifted their target price on shares of Expedia Group from $197.00 to $220.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Expedia Group in a research report on Monday, December 29th. Finally, Piper Sandler raised shares of Expedia Group from an “underweight” rating to a “neutral” rating and raised their price target for the company from $190.00 to $250.00 in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and twenty-four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $280.61.

Expedia Group Stock Performance

EXPE stock opened at $291.53 on Tuesday. The business’s fifty day moving average is $268.94 and its 200-day moving average is $227.32. The company has a market cap of $35.72 billion, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 1.07 and a beta of 1.43. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.72. Expedia Group, Inc. has a twelve month low of $130.01 and a twelve month high of $303.80.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share for the quarter, beating the consensus estimate of $7.10 by $0.47. The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.28 billion. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.13 earnings per share. Equities research analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Wednesday, November 19th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, November 19th. Expedia Group’s dividend payout ratio (DPR) is currently 15.31%.

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.