Canada Post Corp Registered Pension Plan Purchases Shares of 2,377 Expedia Group, Inc. (NASDAQ:EXPE)

Canada Post Corp Registered Pension Plan acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,377 shares of the online travel company's stock, valued at approximately $443,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB increased its holdings in shares of Expedia Group by 17.8% during the 4th quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company's stock worth $5,729,000 after buying an additional 4,656 shares during the last quarter. Teamwork Financial Advisors LLC acquired a new stake in Expedia Group during the fourth quarter worth about $1,791,000. Clare Market Investments LLC acquired a new position in shares of Expedia Group in the 4th quarter valued at about $319,000. Nisa Investment Advisors LLC grew its holdings in shares of Expedia Group by 17.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 60,003 shares of the online travel company's stock worth $11,180,000 after purchasing an additional 9,086 shares during the period. Finally, Cigna Investments Inc. New acquired a new stake in Expedia Group during the 4th quarter worth approximately $238,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Stock Performance

NASDAQ EXPE traded down $5.08 on Monday, hitting $146.08. The stock had a trading volume of 207,292 shares, compared to its average volume of 2,007,875. The company's 50-day moving average is $173.69 and its two-hundred day moving average is $175.33. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73. The stock has a market cap of $18.82 billion, a price-to-earnings ratio of 16.14, a P/E/G ratio of 0.92 and a beta of 1.65. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its earnings results on Thursday, February 6th. The online travel company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. On average, analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Thursday, March 6th. This is a positive change from Expedia Group's previous quarterly dividend of $0.34. Expedia Group's dividend payout ratio is currently 17.68%.

Insiders Place Their Bets

In related news, Director Dara Khosrowshahi sold 10,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, the director now owns 158,505 shares of the company's stock, valued at $26,912,563.95. This trade represents a 5.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert J. Dzielak sold 5,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the completion of the sale, the insider now directly owns 74,502 shares of the company's stock, valued at $15,325,061.40. The trade was a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Benchmark reiterated a "buy" rating and set a $200.00 price objective on shares of Expedia Group in a research note on Tuesday, February 4th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $210.00 price target (up from $180.00) on shares of Expedia Group in a report on Friday, February 7th. B. Riley restated a "buy" rating and set a $235.00 price objective (up previously from $220.00) on shares of Expedia Group in a research note on Friday, February 7th. Wells Fargo & Company set a $143.00 target price on Expedia Group and gave the company an "equal weight" rating in a report on Monday, April 7th. Finally, Truist Financial increased their price objective on shares of Expedia Group from $163.00 to $175.00 and gave the company a "hold" rating in a research report on Wednesday, March 12th. Nineteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $190.18.

Expedia Group Company 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.