Louisiana State Employees Retirement System Purchases Shares of 6,000 Expedia Group, Inc. $EXPE

Louisiana State Employees Retirement System acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,000 shares of the online travel company’s stock, valued at approximately $1,385,000.

Several other institutional investors have also recently modified their holdings of EXPE. Motiv8 Investments LLC purchased a new stake in Expedia Group in the fourth quarter valued at approximately $25,000. Entrust Financial LLC purchased a new position in Expedia Group during the 4th quarter worth approximately $26,000. JFS Wealth Advisors LLC raised its position in Expedia Group by 78.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock worth $28,000 after buying an additional 44 shares during the last quarter. Lodestone Wealth Management LLC acquired a new stake in Expedia Group during the 4th quarter valued at approximately $29,000. Finally, DV Equities LLC acquired a new stake in Expedia Group during the 4th quarter valued at approximately $46,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on EXPE shares. BTIG Research reiterated a “buy” rating and issued a $330.00 price objective on shares of Expedia Group in a research note on Tuesday, June 9th. TD Cowen boosted their target price on shares of Expedia Group from $260.00 to $285.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Weiss Ratings lowered shares of Expedia Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Morgan Stanley upped their price target on shares of Expedia Group from $270.00 to $290.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Finally, Wells Fargo & Company cut their price target on Expedia Group from $307.00 to $303.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Sixteen investment analysts have rated the stock with a Buy rating and twenty-three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $284.30.

Expedia Group Stock Performance

Shares of NASDAQ EXPE opened at $268.69 on Friday. The company’s fifty day moving average price is $236.03 and its 200 day moving average price is $245.95. Expedia Group, Inc. has a 1 year low of $171.27 and a 1 year high of $303.80. The company has a market capitalization of $32.93 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 0.70 and a beta of 1.23. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.73 and a current ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.55. The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.40 earnings per share. On average, research analysts predict that Expedia Group, Inc. will post 16.98 earnings per share for the current year.

Expedia Group Announces Dividend

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

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 4,702 shares of Expedia Group stock in a transaction 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 sale, the insider owned 105,448 shares of the company’s stock, valued at approximately $24,569,384. This trade represents a 4.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lance A. Soliday sold 940 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was 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 of the company’s stock, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.20% of the stock is currently owned by company insiders.

Expedia Group Company Profile

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.