Teachers Retirement System of The State of Kentucky Has $19.27 Million Position in Expedia Group, Inc. (NASDAQ:EXPE)

Teachers Retirement System of The State of Kentucky grew its position in Expedia Group, Inc. (NASDAQ:EXPE) by 1,055.2% in the first quarter, HoldingsChannel.com reports. The fund owned 139,911 shares of the online travel company’s stock after buying an additional 127,800 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Expedia Group were worth $19,273,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. ValueAct Holdings L.P. acquired a new position in shares of Expedia Group during the fourth quarter valued at $645,346,000. Norges Bank bought a new stake in shares of Expedia Group during the fourth quarter worth approximately $334,632,000. Lyrical Asset Management LP lifted its holdings in Expedia Group by 0.8% in the fourth quarter. Lyrical Asset Management LP now owns 1,796,068 shares of the online travel company’s stock valued at $272,625,000 after buying an additional 13,792 shares during the period. Fisher Asset Management LLC boosted its stake in Expedia Group by 4.3% in the fourth quarter. Fisher Asset Management LLC now owns 1,439,626 shares of the online travel company’s stock valued at $218,521,000 after acquiring an additional 59,530 shares during the last quarter. Finally, Clearbridge Investments LLC grew its holdings in Expedia Group by 3.1% during the 1st quarter. Clearbridge Investments LLC now owns 971,327 shares of the online travel company’s stock worth $133,800,000 after acquiring an additional 29,294 shares during the period. 90.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EXPE. Susquehanna restated a “neutral” rating and issued a $125.00 price target on shares of Expedia Group in a research report on Wednesday, May 15th. Royal Bank of Canada cut their price target on shares of Expedia Group from $155.00 to $140.00 and set a “sector perform” rating on the stock in a research report on Friday, May 3rd. DA Davidson restated a “neutral” rating and set a $135.00 price objective (down previously from $152.00) on shares of Expedia Group in a report on Friday, May 3rd. Barclays cut their target price on shares of Expedia Group from $158.00 to $138.00 and set an “equal weight” rating on the stock in a report on Monday, May 6th. Finally, HSBC lowered their price objective on shares of Expedia Group from $166.00 to $132.00 and set a “hold” rating for the company in a research report on Tuesday, May 7th. Fifteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $148.79.

Insider Buying and Selling

In other Expedia Group news, Director Craig A. Jacobson sold 6,722 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $112.71, for a total value of $757,636.62. Following the transaction, the director now directly owns 32,620 shares of the company’s stock, valued at approximately $3,676,600.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CAO Lance A. Soliday sold 544 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $113.38, for a total transaction of $61,678.72. Following the transaction, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at $1,268,382.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Craig A. Jacobson sold 6,722 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $112.71, for a total value of $757,636.62. Following the completion of the sale, the director now owns 32,620 shares of the company’s stock, valued at $3,676,600.20. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by insiders.

Expedia Group Stock Performance

Shares of EXPE stock traded down $5.99 on Friday, reaching $115.49. The stock had a trading volume of 3,051,294 shares, compared to its average volume of 1,776,667. Expedia Group, Inc. has a 12 month low of $92.48 and a 12 month high of $160.05. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 2.93. The firm has a market capitalization of $15.74 billion, a price-to-earnings ratio of 21.63, a P/E/G ratio of 0.46 and a beta of 1.78. The firm’s 50-day moving average is $124.56 and its two-hundred day moving average is $130.66.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, May 2nd. The online travel company reported ($0.39) EPS for the quarter, topping analysts’ consensus estimates of ($0.96) by $0.57. The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Expedia Group had a net margin of 6.18% and a return on equity of 41.63%. On average, research analysts expect that Expedia Group, Inc. will post 9.28 EPS for the current fiscal year.

Expedia Group 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.