Abacus FCF Advisors LLC Increases Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Abacus FCF Advisors LLC raised its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 46.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,604 shares of the online travel company's stock after purchasing an additional 7,440 shares during the period. Abacus FCF Advisors LLC's holdings in Expedia Group were worth $4,398,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXPE. Norges Bank bought a new stake in shares of Expedia Group in the 4th quarter valued at $670,565,000. KBC Group NV lifted its holdings in Expedia Group by 326.9% in the fourth quarter. KBC Group NV now owns 293,482 shares of the online travel company's stock valued at $54,685,000 after buying an additional 224,732 shares during the period. Teacher Retirement System of Texas boosted its position in Expedia Group by 193.3% during the fourth quarter. Teacher Retirement System of Texas now owns 340,171 shares of the online travel company's stock valued at $63,384,000 after acquiring an additional 224,182 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Expedia Group by 6.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company's stock worth $439,808,000 after acquiring an additional 150,480 shares during the period. Finally, Wealthfront Advisers LLC raised its position in shares of Expedia Group by 1,632.1% in the 4th quarter. Wealthfront Advisers LLC now owns 104,653 shares of the online travel company's stock worth $19,500,000 after acquiring an additional 98,611 shares in the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EXPE has been the topic of several research analyst reports. Benchmark restated a "buy" rating and set a $200.00 target price on shares of Expedia Group in a research report on Tuesday, February 4th. Melius upgraded Expedia Group from a "hold" rating to a "buy" rating and set a $220.00 price target on the stock in a report on Monday, January 6th. Morgan Stanley lifted their price objective on shares of Expedia Group from $180.00 to $185.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. Barclays boosted their target price on shares of Expedia Group from $166.00 to $187.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. Finally, StockNews.com upgraded shares of Expedia Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 15th. Nineteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $191.43.

Expedia Group Stock Performance

EXPE stock traded up $1.01 during midday trading on Friday, hitting $150.53. The company's stock had a trading volume of 3,123,988 shares, compared to its average volume of 2,005,830. The stock has a market cap of $19.40 billion, a price-to-earnings ratio of 16.63, a PEG 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. The stock's 50-day moving average price is $177.47 and its 200 day moving average price is $175.20. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $207.73.

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 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 analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

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

Insider Transactions at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 5,000 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value of $1,028,500.00. Following the completion of the sale, the insider now owns 74,502 shares in the company, valued at $15,325,061.40. This represents 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 currently owned by company insiders.

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.