Illinois Municipal Retirement Fund Acquires 2,050 Shares of Expedia Group, Inc. $EXPE

Illinois Municipal Retirement Fund increased its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 1.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,782 shares of the online travel company’s stock after purchasing an additional 2,050 shares during the quarter. Illinois Municipal Retirement Fund owned 0.09% of Expedia Group worth $25,578,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Windacre Partnership LLC boosted its position in Expedia Group by 9.2% during the third quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock valued at $787,049,000 after buying an additional 309,900 shares during the period. AQR Capital Management LLC increased its holdings in shares of Expedia Group by 25.0% in the third quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock worth $779,275,000 after buying an additional 728,063 shares during the period. Invesco Ltd. increased its holdings in shares of Expedia Group by 8.0% in the third quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company’s stock worth $667,507,000 after buying an additional 230,176 shares during the period. Norges Bank bought a new stake in shares of Expedia Group in the 4th quarter valued at about $861,979,000. Finally, Wellington Management Group LLP lifted its stake in shares of Expedia Group by 24,899.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after acquiring an additional 1,801,232 shares during the last quarter. 90.76% of the stock is owned by institutional investors.

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 in the company, valued at $24,569,384. The trade was a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Lance A. Soliday sold 940 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the transaction, the chief accounting officer directly owned 14,083 shares in the company, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 5.20% of the company’s stock.

Expedia Group Stock Up 0.3%

Shares of NASDAQ:EXPE opened at $267.11 on Thursday. The stock’s 50-day moving average is $239.13 and its 200 day moving average is $244.73. The company has a market cap of $32.73 billion, a PE ratio of 23.51, a P/E/G ratio of 0.70 and a beta of 1.23. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group, Inc. has a 1 year low of $174.05 and a 1 year high of $303.80.

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, topping the consensus estimate of $1.41 by $0.55. The business had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The business’s revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. Sell-side analysts anticipate that Expedia Group, Inc. will post 16.98 EPS for the current year.

Expedia Group Announces Dividend

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

Wall Street Analysts Forecast Growth

EXPE has been the topic of several recent research reports. Wells Fargo & Company reduced 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, June 30th. Jefferies Financial Group boosted their price objective on Expedia Group from $300.00 to $310.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays increased their price objective on Expedia Group from $260.00 to $264.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Truist Financial cut their target price on shares of Expedia Group from $252.00 to $246.00 and set a “hold” rating on the stock in a report on Monday, April 6th. Finally, Susquehanna lifted their target price on shares of Expedia Group from $240.00 to $250.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Sixteen investment analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $286.58.

Expedia Group 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.