Adage Capital Partners GP L.L.C. Has $16.73 Million Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Adage Capital Partners GP L.L.C. trimmed its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 12.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,800 shares of the online travel company's stock after selling 12,700 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.07% of Expedia Group worth $16,732,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. SRH Advisors LLC acquired a new position in Expedia Group in the 4th quarter worth approximately $28,000. Sava Infond d.o.o. purchased a new position in shares of Expedia Group during the fourth quarter valued at $28,000. Grove Bank & Trust grew its holdings 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 in the last quarter. Prudent Man Investment Management Inc. purchased a new stake in Expedia Group in the 4th quarter worth about $34,000. Finally, EverSource Wealth Advisors LLC grew its stake in Expedia Group by 75.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company's stock valued at $51,000 after acquiring an additional 117 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $160.11 on Friday. The firm has a market capitalization of $20.63 billion, a PE ratio of 17.69, a PEG ratio of 0.92 and a beta of 1.65. 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, Inc. has a 1-year low of $107.25 and a 1-year high of $207.73. The business's 50 day moving average is $168.91 and its 200-day moving average is $175.29.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted 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%. Sell-side analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 1.00%. This is a boost from Expedia Group's previous quarterly dividend of $0.34. Expedia Group's payout ratio is presently 17.68%.

Insider Buying and Selling

In related news, Director Dara Khosrowshahi sold 10,000 shares of the business's stock in a transaction on 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 sale, the director now owns 158,505 shares of the company's stock, valued at $26,912,563.95. The trade was a 5.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total value of $1,028,500.00. Following the transaction, the insider now owns 74,502 shares of the company's stock, 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. Company insiders own 6.80% of the company's stock.

Analysts Set New Price Targets

EXPE has been the subject of several research reports. Barclays raised their price target on shares of Expedia Group from $166.00 to $187.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. JMP Securities reissued a "market perform" rating on shares of Expedia Group in a research note on Friday, February 7th. JPMorgan Chase & Co. lowered their price target on shares of Expedia Group from $205.00 to $170.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Benchmark reiterated a "buy" rating and set a $200.00 price objective on shares of Expedia Group in a report on Tuesday, February 4th. Finally, StockNews.com upgraded Expedia Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, February 15th. 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. According to MarketBeat.com, Expedia Group currently has a consensus rating of "Moderate Buy" and a consensus 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.

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