Arrowstreet Capital Limited Partnership Acquires 150,480 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Arrowstreet Capital Limited Partnership increased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 6.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,360,374 shares of the online travel company's stock after purchasing an additional 150,480 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.84% of Expedia Group worth $439,808,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Brooklyn Investment Group acquired a new position in shares of Expedia Group during the 3rd quarter valued at $51,000. Townsquare Capital LLC boosted its position in shares of Expedia Group by 31.0% during the 3rd quarter. Townsquare Capital LLC now owns 6,040 shares of the online travel company's stock worth $894,000 after purchasing an additional 1,428 shares in the last quarter. Public Sector Pension Investment Board grew its stake in shares of Expedia Group by 18.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 5,141 shares of the online travel company's stock valued at $761,000 after buying an additional 800 shares during the period. Hantz Financial Services Inc. increased its position in Expedia Group by 2.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,980 shares of the online travel company's stock valued at $441,000 after buying an additional 62 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in shares of Expedia Group by 29.9% during the third quarter. Captrust Financial Advisors now owns 22,579 shares of the online travel company's stock worth $3,342,000 after purchasing an additional 5,203 shares during the period. 90.76% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several research analysts have weighed in on the stock. JMP Securities restated a "market perform" rating on shares of Expedia Group in a report on Friday, February 7th. Melius Research raised Expedia Group from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. HSBC raised Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 target price on the stock in a research report on Friday, February 7th. Barclays upped their target price on shares of Expedia Group from $166.00 to $187.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. Finally, DA Davidson boosted their price target on shares of Expedia Group from $190.00 to $205.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Nineteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, Expedia Group presently has a consensus rating of "Moderate Buy" and an average target price of $193.43.

Expedia Group Price Performance

Expedia Group stock traded down $12.68 during midday trading on Thursday, hitting $155.17. 1,020,583 shares of the company's stock were exchanged, compared to its average volume of 1,939,585. The company has a market cap of $19.99 billion, a P/E ratio of 17.15, a PEG ratio of 0.92 and a beta of 1.83. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a 50-day moving average price of $181.68 and a two-hundred day moving average price of $174.89. 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 analysts' consensus estimates 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, equities research analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were issued a $0.40 dividend. This is a positive change 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 1.03%. Expedia Group's dividend payout ratio is presently 17.68%.

Insider Activity

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 transaction of $1,697,900.00. Following the transaction, the director now directly owns 158,505 shares in the company, valued at approximately $26,912,563.95. This represents a 5.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert J. Dzielak sold 5,000 shares of the business's 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 sale, the insider now owns 74,502 shares of the company's stock, valued at $15,325,061.40. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company's stock.

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.