Alliancebernstein L.P. Has $49.82 Million Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Alliancebernstein L.P. lowered its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 57.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 267,353 shares of the online travel company's stock after selling 355,891 shares during the quarter. Alliancebernstein L.P. owned 0.21% of Expedia Group worth $49,816,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Greenleaf Trust grew its stake in shares of Expedia Group by 2.5% in the 4th quarter. Greenleaf Trust now owns 2,520 shares of the online travel company's stock worth $470,000 after purchasing an additional 61 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Expedia Group by 14.8% in the fourth quarter. UMB Bank n.a. now owns 489 shares of the online travel company's stock valued at $91,000 after buying an additional 63 shares in the last quarter. Signet Financial Management LLC lifted its position in shares of Expedia Group by 0.3% during the 4th quarter. Signet Financial Management LLC now owns 25,499 shares of the online travel company's stock valued at $4,751,000 after acquiring an additional 74 shares during the last quarter. Metis Global Partners LLC boosted its stake in shares of Expedia Group by 1.8% during the 4th quarter. Metis Global Partners LLC now owns 4,149 shares of the online travel company's stock worth $773,000 after acquiring an additional 74 shares in the last quarter. Finally, Orion Capital Management LLC grew its holdings in shares of Expedia Group by 4.3% in the 3rd quarter. Orion Capital Management LLC now owns 2,445 shares of the online travel company's stock worth $362,000 after acquiring an additional 100 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EXPE has been the subject of a number of recent analyst reports. Wedbush reiterated a "neutral" rating and issued a $215.00 price target (up previously from $180.00) on shares of Expedia Group in a research report on Friday, February 7th. Bank of America raised shares of Expedia Group from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $187.00 to $221.00 in a research report on Wednesday, December 18th. UBS Group reaffirmed a "neutral" rating on shares of Expedia Group in a research note on Tuesday, February 4th. JMP Securities reissued a "market perform" rating on shares of Expedia Group in a research note on Friday, February 7th. Finally, Melius Research raised Expedia Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Nineteen 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 price target of $191.43.

Expedia Group Stock Performance

Expedia Group stock traded down $11.48 during mid-day trading on Thursday, reaching $150.20. The company had a trading volume of 814,325 shares, compared to its average volume of 1,991,004. 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 firm has a market cap of $19.35 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 0.92 and a beta of 1.65. The company has a 50 day moving average of $178.23 and a 200-day moving average of $174.97. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week 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 (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, sell-side analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were paid a $0.40 dividend. 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 dividend yield of 1.07%. Expedia Group's dividend payout ratio is currently 17.68%.

Insider Activity

In related news, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 74,502 shares in the company, valued at $15,325,061.40. This trade represents a 6.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm's stock in a transaction that occurred 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 sale, the director now directly owns 158,505 shares of the company's stock, valued at approximately $26,912,563.95. The trade was a 5.93 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by company insiders.

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.