Artisan Partners Limited Partnership trimmed its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 27.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 442,796 shares of the online travel company's stock after selling 169,481 shares during the period. Artisan Partners Limited Partnership owned about 0.34% of Expedia Group worth $82,506,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Windacre Partnership LLC increased its stake in Expedia Group by 49.5% in the 3rd quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company's stock worth $639,994,000 after acquiring an additional 1,431,500 shares during the last quarter. Geode Capital Management LLC raised its stake 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 valued at $472,212,000 after purchasing an additional 20,005 shares in the last quarter. Alkeon Capital Management LLC raised its stake in Expedia Group by 46.3% during the third quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company's stock valued at $233,349,000 after purchasing an additional 498,934 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in 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 valued at $136,514,000 after purchasing an additional 10,332 shares during the last quarter. Finally, Amundi lifted its position in Expedia Group by 15.3% during 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.
Expedia Group Stock Performance
EXPE stock traded down $0.40 during midday trading on Tuesday, reaching $167.70. 2,324,609 shares of the company's stock traded hands, compared to its average volume of 1,944,588. The stock's 50-day moving average is $181.80 and its 200 day moving average is $174.94. The stock has a market cap of $21.61 billion, a P/E ratio of 18.53, a PEG ratio of 0.92 and a beta of 1.83. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $207.73. 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 (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings data 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 return on equity of 52.41% and a net margin of 9.01%. As a group, analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current year.
Expedia Group Increases Dividend
The company 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 boost 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 0.95%. The ex-dividend date was Thursday, March 6th. Expedia Group's dividend payout ratio (DPR) is currently 17.68%.
Insider Activity at Expedia Group
In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the company's 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 sale, the director now owns 158,505 shares in the company, valued at $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 is available through this link. Also, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction on 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 transaction, the insider now directly owns 74,502 shares in the company, valued at $15,325,061.40. This trade represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock valued at $4,577,900 in the last ninety days. Company insiders own 6.80% of the company's stock.
Wall Street Analyst Weigh In
EXPE has been the topic of several recent research reports. 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. The Goldman Sachs Group raised their target price on shares of Expedia Group from $208.00 to $236.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Argus lifted their price target on shares of Expedia Group from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Bank of America raised shares of Expedia Group from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $187.00 to $221.00 in a research report on Wednesday, December 18th. Finally, Truist Financial boosted their price objective on shares of Expedia Group from $163.00 to $175.00 and gave the stock a "hold" rating in a research note on Wednesday, March 12th. Nineteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $193.43.
Read Our Latest Research Report on Expedia Group
Expedia Group Company Profile
(
Free Report)
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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