Illinois Municipal Retirement Fund Decreases Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Illinois Municipal Retirement Fund trimmed its position in Expedia Group, Inc. (NASDAQ:EXPE) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,124 shares of the online travel company’s stock after selling 3,206 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Expedia Group were worth $17,352,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. SRH Advisors LLC purchased a new position in shares of Expedia Group in the fourth quarter worth $28,000. Grove Bank & Trust increased its position in Expedia Group by 676.2% during the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock valued at $30,000 after purchasing an additional 142 shares during the period. Venturi Wealth Management LLC increased its position in Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after purchasing an additional 291 shares during the period. Brooklyn Investment Group purchased a new position in Expedia Group during the 3rd quarter valued at $51,000. Finally, Golden State Wealth Management LLC purchased a new position in Expedia Group during the 4th quarter valued at $72,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EXPE has been the topic of a number of research analyst reports. Oppenheimer boosted their price objective on shares of Expedia Group from $210.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. DA Davidson upped their target price on shares of Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. JMP Securities reaffirmed a “market perform” rating on shares of Expedia Group in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft downgraded shares of Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, 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 report on Friday, February 7th. Nineteen analysts have rated the stock with a hold rating, eleven have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $192.64.

Insider Activity

In other news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 158,505 shares in the company, valued at approximately $26,912,563.95. This represents a 5.93 % 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, insider Robert J. Dzielak sold 5,000 shares of the firm’s 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 completion of the sale, the insider now owns 74,502 shares of the company’s stock, valued at approximately $15,325,061.40. This represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,000 shares of company stock worth $4,577,900. 6.80% of the stock is currently owned by insiders.

Expedia Group Trading Up 1.6 %

Shares of EXPE opened at $199.97 on Tuesday. 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, Inc. has a 1 year low of $107.25 and a 1 year high of $207.73. The company has a 50 day simple moving average of $185.75 and a two-hundred day simple moving average of $167.08. The firm has a market cap of $25.77 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 0.92 and a beta of 1.82.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. On average, equities analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal 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 dividend of $0.40 per share. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Thursday, March 6th. Expedia Group’s dividend payout ratio is currently 17.68%.

Expedia Group Company Profile

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.