Kentucky Retirement Systems Insurance Trust Fund Takes $264,000 Position in Expedia Group Inc (EXPE)

Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Expedia Group Inc (NASDAQ:EXPE) during the 4th quarter, HoldingsChannel reports. The firm acquired 2,343 shares of the online travel company’s stock, valued at approximately $264,000.

Other institutional investors also recently added to or reduced their stakes in the company. Legacy Bridge LLC acquired a new position in Expedia Group in the 4th quarter valued at approximately $35,000. JOYN Advisors Inc. increased its stake in shares of Expedia Group by 53.0% during the 4th quarter. JOYN Advisors Inc. now owns 332 shares of the online travel company’s stock worth $37,000 after purchasing an additional 115 shares during the last quarter. Rational Advisors LLC acquired a new position in shares of Expedia Group during the 4th quarter worth $38,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Expedia Group by 47.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 419 shares of the online travel company’s stock worth $47,000 after purchasing an additional 135 shares during the last quarter. Finally, River Wealth Advisors LLC increased its stake in shares of Expedia Group by 50.0% during the 4th quarter. River Wealth Advisors LLC now owns 540 shares of the online travel company’s stock worth $61,000 after purchasing an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 79.70% of the company’s stock.

NASDAQ EXPE opened at $120.25 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.66. The firm has a market cap of $17.52 billion, a P/E ratio of 25.00, a PEG ratio of 1.47 and a beta of 0.93. Expedia Group Inc has a 1 year low of $105.12 and a 1 year high of $139.77.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, February 7th. The online travel company reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.50. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.55 billion. Expedia Group had a net margin of 3.62% and a return on equity of 12.96%. Expedia Group’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 EPS. On average, equities research analysts expect that Expedia Group Inc will post 6.03 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Thursday, March 7th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Wednesday, March 6th. Expedia Group’s dividend payout ratio is currently 26.61%.

In related news, insider Lance A. Soliday sold 1,749 shares of the company’s stock in a transaction on Wednesday, January 16th. The shares were sold at an average price of $116.70, for a total transaction of $204,108.30. Following the completion of the sale, the insider now directly owns 6,393 shares of the company’s stock, valued at approximately $746,063.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dara Khosrowshahi sold 50,000 shares of the stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $125.17, for a total transaction of $6,258,500.00. Following the completion of the sale, the director now directly owns 462,910 shares of the company’s stock, valued at $57,942,444.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 125,508 shares of company stock valued at $15,999,089. 20.96% of the stock is owned by insiders.

Several research analysts have recently commented on the stock. BidaskClub lowered shares of Expedia Group from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research lowered shares of Expedia Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $146.94.

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Expedia Group Company Profile

Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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