Allstate Corp Purchases Shares of 3,688 Expedia Group, Inc. (NASDAQ:EXPE)

Allstate Corp purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,688 shares of the online travel company's stock, valued at approximately $687,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of EXPE. Windacre Partnership LLC lifted its stake in shares of Expedia Group by 49.5% during the 3rd quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company's stock worth $639,994,000 after buying an additional 1,431,500 shares during the last quarter. Norges Bank bought a new position in Expedia Group in the 4th quarter valued at about $670,565,000. Geode Capital Management LLC lifted its position in Expedia Group by 0.6% during the third quarter. Geode Capital Management LLC now owns 3,197,927 shares of the online travel company's stock worth $472,212,000 after acquiring an additional 20,005 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Expedia Group by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 732,645 shares of the online travel company's stock worth $136,514,000 after acquiring an additional 10,332 shares during the period. Finally, Amundi grew its position in shares of Expedia Group by 15.3% in the fourth quarter. Amundi now owns 433,534 shares of the online travel company's stock valued at $79,172,000 after purchasing an additional 57,621 shares during the last quarter. Institutional investors own 90.76% of the company's stock.

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Expedia Group Price Performance

Shares of NASDAQ:EXPE traded down $10.51 during trading on Friday, hitting $141.86. 4,648,075 shares of the company were exchanged, compared to its average volume of 1,955,269. Expedia Group, Inc. has a 1-year low of $107.25 and a 1-year high of $207.73. 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. 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 business's 50 day moving average is $180.61 and its 200-day moving average is $174.78.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) 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%. Equities analysts forecast 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 given a dividend of $0.40 per share. The ex-dividend date 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 yield of 1.13%. Expedia Group's dividend payout ratio (DPR) is currently 17.68%.

Insiders Place Their Bets

In other news, Director Dara Khosrowshahi sold 10,000 shares of the 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 sale, the director now owns 158,505 shares of the company's stock, valued at approximately $26,912,563.95. This represents a 5.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert J. Dzielak sold 5,000 shares of Expedia Group stock in a transaction that occurred 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 completion of 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 disclosure for this sale can be found here. Insiders own 6.80% of the company's stock.

Analyst Ratings Changes

EXPE has been the subject of several research reports. HSBC raised Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 price target for the company in a report on Friday, February 7th. Wells Fargo & Company lifted their target price on Expedia Group from $168.00 to $199.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. The Goldman Sachs Group upped their price target on shares of Expedia Group from $208.00 to $236.00 and gave the company a "buy" rating in a research note on Friday, January 10th. B. Riley reiterated a "buy" rating and issued a $235.00 price objective (up previously from $220.00) on shares of Expedia Group in a research note on Friday, February 7th. Finally, Melius Research raised shares of Expedia Group from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Nineteen analysts have rated the stock with a hold rating, eleven have given a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Expedia Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $193.43.

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.