Texas Permanent School Fund Corp Sells 4,713 Shares of Expedia Group, Inc. $EXPE

by · The Markets Daily

Texas Permanent School Fund Corp lowered its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 35.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,456 shares of the online travel company’s stock after selling 4,713 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Expedia Group were worth $1,426,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of EXPE. OMNI 360 Wealth Inc. bought a new stake in shares of Expedia Group in the second quarter valued at about $325,000. Leith Wheeler Investment Counsel Ltd. increased its position in Expedia Group by 2.6% during the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 107,973 shares of the online travel company’s stock valued at $18,213,000 after purchasing an additional 2,767 shares during the period. Vise Technologies Inc. purchased a new position in Expedia Group during the 2nd quarter valued at about $2,351,000. NorthCrest Asset Manangement LLC bought a new stake in shares of Expedia Group in the 2nd quarter valued at about $417,000. Finally, Cumberland Partners Ltd lifted its position in shares of Expedia Group by 241.6% in the 2nd quarter. Cumberland Partners Ltd now owns 41,160 shares of the online travel company’s stock worth $6,943,000 after purchasing an additional 29,110 shares during the period. Institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Down 0.4%

EXPE stock opened at $288.23 on Wednesday. The stock has a market capitalization of $35.32 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 1.31 and a beta of 1.44. Expedia Group, Inc. has a 52 week low of $130.01 and a 52 week high of $292.42. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.72. The firm has a 50 day moving average of $249.37 and a 200 day moving average of $215.28.

Expedia Group (NASDAQ:EXPE – Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.10 by $0.47. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.28 billion. Expedia Group had a net margin of 9.66% and a return on equity of 64.15%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company posted $6.13 earnings per share. Sell-side analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.6%. The ex-dividend date was Wednesday, November 19th. Expedia Group’s payout ratio is presently 15.31%.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Truist Financial set a $210.00 price objective on shares of Expedia Group in a research note on Monday, October 27th. Citigroup increased their target price on Expedia Group from $206.00 to $281.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. BNP Paribas Exane assumed coverage on Expedia Group in a report on Monday, November 24th. They issued a “neutral” rating on the stock. Bank of America upped their price objective on Expedia Group from $285.00 to $326.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Expedia Group in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and twenty-four have assigned a Hold rating to the stock. According to data from MarketBeat, Expedia Group currently has a consensus rating of “Hold” and an average target price of $270.66.

Read Our Latest Stock Report on Expedia Group

About Expedia Group

(Free Report)

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.

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