California State Teachers Retirement System Has $11.91 Billion Stock Position in Expedia Group, Inc. $EXPE

California State Teachers Retirement System increased its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 23,808.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,547,643 shares of the online travel company’s stock after buying an additional 46,352,952 shares during the quarter. California State Teachers Retirement System owned approximately 0.39% of Expedia Group worth $11,910,611,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EXPE. Motiv8 Investments LLC bought a new stake in Expedia Group during the fourth quarter worth $25,000. Entrust Financial LLC bought a new stake in shares of Expedia Group in the 4th quarter valued at about $26,000. First Bancorp Inc ME acquired a new stake in Expedia Group in the 2nd quarter valued at about $28,000. Sunbelt Securities Inc. grew its holdings in Expedia Group by 970.6% during the third quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock worth $39,000 after purchasing an additional 165 shares during the period. Finally, Elevation Wealth Partners LLC increased its position in Expedia Group by 272.9% during the second quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock worth $46,000 after buying an additional 131 shares during the last quarter. 90.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EXPE. Royal Bank Of Canada lifted their target price on Expedia Group from $290.00 to $330.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 6th. UBS Group lifted their price objective on shares of Expedia Group from $322.00 to $351.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Expedia Group from $244.00 to $230.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Bank of America reiterated a “buy” rating on shares of Expedia Group in a research note on Thursday, August 6th. Finally, B. Riley Financial increased their price target on shares of Expedia Group from $350.00 to $390.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Eighteen equities research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company. Based on data from MarketBeat, Expedia Group presently has an average rating of “Hold” and an average target price of $318.71.

Insider Transactions at Expedia Group

In other Expedia Group news, insider Robert Dzielak sold 3,003 shares of Expedia Group stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $315.00, for a total value of $945,945.00. Following the transaction, the insider owned 103,829 shares in the company, valued at $32,706,135. The trade was a 2.81% 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, Director Craig Jacobson sold 3,133 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the transaction, the director owned 29,832 shares of the company’s stock, valued at approximately $9,800,408.64. This represents a 9.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 11,950 shares of company stock valued at $3,881,995. Corporate insiders own 5.20% of the company’s stock.

Expedia Group Trading Down 7.9%

Shares of NASDAQ:EXPE opened at $274.55 on Wednesday. The business’s 50 day simple moving average is $295.87 and its 200 day simple moving average is $255.31. Expedia Group, Inc. has a 1 year low of $185.34 and a 1 year high of $342.00. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $32.95 billion, a P/E ratio of 17.12, a P/E/G ratio of 0.73 and a beta of 1.25.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, beating analysts’ consensus estimates of $5.22 by $0.54. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.17 billion. During the same period in the prior year, the company posted $4.24 EPS. The company’s revenue was up 14.0% compared to the same quarter last year. On average, research analysts anticipate that Expedia Group, Inc. will post 17.15 EPS for the current fiscal year.

Expedia Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 27th. Expedia Group’s dividend payout ratio (DPR) is currently 11.97%.

About Expedia Group

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.