Norges Bank acquired a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,598,805 shares of the online travel company's stock, valued at approximately $670,565,000. Norges Bank owned approximately 2.80% of Expedia Group at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in EXPE. Greenleaf Trust grew its stake in shares of Expedia Group by 2.5% during the fourth quarter. Greenleaf Trust now owns 2,520 shares of the online travel company's stock worth $470,000 after buying an additional 61 shares during the last quarter. Hantz Financial Services Inc. grew its position in Expedia Group by 2.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,980 shares of the online travel company's stock worth $441,000 after acquiring an additional 62 shares during the last quarter. UMB Bank n.a. increased its holdings in Expedia Group by 14.8% in the 4th quarter. UMB Bank n.a. now owns 489 shares of the online travel company's stock worth $91,000 after purchasing an additional 63 shares in the last quarter. Signet Financial Management LLC increased its holdings in Expedia Group by 0.3% in the 4th quarter. Signet Financial Management LLC now owns 25,499 shares of the online travel company's stock worth $4,751,000 after purchasing an additional 74 shares in the last quarter. Finally, Metis Global Partners LLC raised its position in Expedia Group by 1.8% in the fourth quarter. Metis Global Partners LLC now owns 4,149 shares of the online travel company's stock valued at $773,000 after purchasing an additional 74 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.
Expedia Group Stock Down 0.7 %
Shares of EXPE traded down $1.10 during trading hours on Monday, reaching $167.00. 1,001,957 shares of the stock traded hands, compared to its average volume of 1,944,412. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $207.73. The company has a market cap of $21.52 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 0.92 and a beta of 1.83. The stock has a fifty day simple moving average of $182.46 and a 200 day simple moving average of $174.47. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87.
Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings data 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, equities analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.
Expedia Group Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were given a $0.40 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.60 annualized dividend and a yield of 0.96%. This is a boost from Expedia Group's previous quarterly dividend of $0.34. Expedia Group's payout ratio is currently 17.68%.
Analyst Upgrades and Downgrades
EXPE has been the subject of several recent research reports. BMO Capital Markets upped their price objective 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. Hsbc Global Res upgraded shares of Expedia Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 7th. DA Davidson boosted their price objective on shares of Expedia Group from $190.00 to $205.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $210.00 target price (up from $180.00) on shares of Expedia Group in a research report on Friday, February 7th. Finally, HSBC upgraded Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 price target on the stock in a research report on Friday, February 7th. Nineteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $193.43.
Read Our Latest Report on EXPE
Insider Buying and Selling at Expedia Group
In other news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were 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 directly owns 158,505 shares of the company's stock, valued at $26,912,563.95. This represents a 5.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert J. Dzielak sold 5,000 shares of the firm's stock in a transaction that occurred on 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 sale, the insider now owns 74,502 shares of the company's stock, valued at approximately $15,325,061.40. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock worth $4,577,900 in the last quarter. 6.80% of the stock is currently owned by company insiders.
About Expedia Group
(
Free Report)
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.
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