Nemes Rush Group LLC Acquires Shares of 7,007 Expedia Group, Inc. (NASDAQ:EXPE)

Nemes Rush Group LLC purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,007 shares of the online travel company's stock, valued at approximately $1,306,000.

Other hedge funds have also made changes to their positions in the company. National Bank of Canada FI grew its stake in Expedia Group by 8.3% during the 4th quarter. National Bank of Canada FI now owns 62,258 shares of the online travel company's stock valued at $11,601,000 after acquiring an additional 4,793 shares in the last quarter. Cannell & Spears LLC acquired a new stake in shares of Expedia Group during the fourth quarter worth approximately $6,496,000. Prudent Man Investment Management Inc. purchased a new position in Expedia Group during the fourth quarter valued at approximately $34,000. Edmond DE Rothschild Holding S.A. increased its stake in Expedia Group by 3,462.5% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 1,425 shares of the online travel company's stock valued at $266,000 after buying an additional 1,385 shares during the period. Finally, Wellington Management Group LLP lifted its position in Expedia Group by 34.4% in the 4th quarter. Wellington Management Group LLP now owns 14,055 shares of the online travel company's stock worth $2,619,000 after buying an additional 3,595 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on EXPE. Melius raised shares of Expedia Group from a "hold" rating to a "buy" rating and set a $220.00 price target on the stock in a research note on Monday, January 6th. Benchmark reaffirmed a "buy" rating and issued a $200.00 target price on shares of Expedia Group in a research report on Tuesday, February 4th. UBS Group reaffirmed a "neutral" rating on shares of Expedia Group in a research note on Tuesday, February 4th. DA Davidson boosted their price target on Expedia Group from $190.00 to $205.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Finally, Wedbush reaffirmed a "neutral" rating and set a $215.00 price objective (up previously from $180.00) on shares of Expedia Group in a research report on Friday, February 7th. Nineteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $193.43.

Remove Ads

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 5,000 shares of the company's stock in a transaction that occurred on 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 transaction, the insider now directly owns 74,502 shares in the company, valued at approximately $15,325,061.40. This represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $169.79, for a total value of $1,697,900.00. Following the completion of the sale, the director now directly 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 disclosure for this sale can be found here. Company insiders own 6.80% of the company's stock.

Expedia Group Stock Performance

EXPE stock traded down $10.51 during trading on Friday, reaching $141.86. 4,648,075 shares of the stock were exchanged, compared to its average volume of 1,955,269. The stock has a 50 day simple moving average of $180.61 and a 200-day simple moving average of $174.78. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. The company has a market capitalization of $18.28 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 0.92 and a beta of 1.83. 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 announced 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%. As a group, sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

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

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.