Allianz SE Makes New Investment in Expedia Group, Inc. (NASDAQ:EXPE)

Allianz SE bought a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 5,348 shares of the online travel company's stock, valued at approximately $997,000.

A number of other hedge funds have also modified their holdings of EXPE. SRH Advisors LLC acquired a new position in shares of Expedia Group in the 4th quarter worth approximately $28,000. Sava Infond d.o.o. bought a new position in Expedia Group in the 4th quarter valued at about $28,000. Grove Bank & Trust boosted its position in shares of Expedia Group by 676.2% during the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company's stock valued at $30,000 after buying an additional 142 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Expedia Group by 75.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company's stock worth $51,000 after acquiring an additional 117 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in Expedia Group in the 4th quarter worth about $72,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Stock Down 6.9 %

Shares of EXPE traded down $10.51 during mid-day trading on Friday, hitting $141.86. 4,648,075 shares of the company's stock were exchanged, compared to its average volume of 1,955,284. The company has a 50-day simple moving average of $180.61 and a 200 day simple moving average of $174.78. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $207.73. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $18.28 billion, a PE ratio of 15.68, a P/E/G ratio of 0.92 and a beta of 1.83.

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Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share (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, research analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This is an increase from Expedia Group's previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. Expedia Group's dividend payout ratio (DPR) is currently 17.68%.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 5,000 shares of Expedia Group 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 completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $169.79, for a total value of $1,697,900.00. Following the completion of the transaction, the director now owns 158,505 shares in the company, valued at approximately $26,912,563.95. This represents a 5.93 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.80% of the company's stock.

Wall Street Analyst Weigh In

EXPE has been the subject of several recent research reports. Bank of America raised Expedia Group from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $187.00 to $221.00 in a report on Wednesday, December 18th. Morgan Stanley upped their price objective on Expedia Group from $180.00 to $185.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Melius upgraded shares of Expedia Group from a "hold" rating to a "buy" rating and set a $220.00 target price on the stock in a research report on Monday, January 6th. Wells Fargo & Company increased their price target on shares of Expedia Group from $168.00 to $199.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. Finally, DA Davidson boosted their target price on Expedia Group from $190.00 to $205.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Nineteen equities 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $193.43.

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.