LTS One Management LP Invests $20.50 Million in Expedia Group, Inc. (NASDAQ:EXPE)

LTS One Management LP bought a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 110,000 shares of the online travel company's stock, valued at approximately $20,496,000. Expedia Group makes up 5.7% of LTS One Management LP's holdings, making the stock its 10th biggest holding. LTS One Management LP owned 0.09% of Expedia Group at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SRH Advisors LLC bought a new position in shares of Expedia Group during the 4th quarter valued at about $28,000. Sava Infond d.o.o. acquired a new position in shares of Expedia Group in the fourth quarter valued at $28,000. Grove Bank & Trust grew its position in shares of Expedia Group by 676.2% in the fourth 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 last quarter. Prudent Man Investment Management Inc. acquired a new position in shares of Expedia Group in the fourth quarter valued at about $34,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Expedia Group by 75.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company's stock valued at $51,000 after buying an additional 117 shares in the last quarter. Institutional investors own 90.76% of the company's stock.

Expedia Group Stock Down 0.9 %

Shares of NASDAQ:EXPE traded down $1.42 during midday trading on Friday, hitting $151.15. 2,152,112 shares of the company's stock traded hands, compared to its average volume of 2,009,348. The firm's fifty day moving average price is $174.61 and its two-hundred day moving average price is $174.91. The company has a market cap of $19.48 billion, a PE ratio of 16.70, a P/E/G ratio of 0.92 and a beta of 1.65. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings results 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 return on equity of 52.41% and a net margin of 9.01%. On average, equities research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Thursday, March 6th. This is an increase from Expedia Group's previous quarterly dividend of $0.34. Expedia Group's dividend payout ratio is 17.68%.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group 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 sale, the director now directly owns 158,505 shares of the company's stock, valued at approximately $26,912,563.95. The trade was a 5.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert J. Dzielak sold 5,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the transaction, the insider now owns 74,502 shares in the company, valued at approximately $15,325,061.40. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.80% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EXPE. Truist Financial raised their price objective on Expedia Group from $163.00 to $175.00 and gave the company a "hold" rating in a research note on Wednesday, March 12th. Citigroup raised their price objective on Expedia Group from $200.00 to $217.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Susquehanna raised their target price on shares of Expedia Group from $190.00 to $205.00 and gave the company a "neutral" rating in a report on Monday, February 10th. BMO Capital Markets increased their target price on Expedia Group from $165.00 to $190.00 and gave the company a "market perform" rating in a research note on Monday, February 10th. Finally, Benchmark reaffirmed a "buy" rating and set a $200.00 target price on shares of Expedia Group in a research note on Tuesday, February 4th. Nineteen research 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, Expedia Group has a consensus rating of "Moderate Buy" and a consensus target price of $190.18.

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.