Expedia Group, Inc. (NASDAQ:EXPE) Shares Bought by Assetmark Inc.

Assetmark Inc. raised its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 35.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,196 shares of the online travel company's stock after purchasing an additional 6,588 shares during the period. Assetmark Inc.'s holdings in Expedia Group were worth $4,695,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EXPE. Verdence Capital Advisors LLC increased its position in Expedia Group by 33.6% during the third quarter. Verdence Capital Advisors LLC now owns 4,550 shares of the online travel company's stock worth $673,000 after purchasing an additional 1,145 shares during the last quarter. Oxbow Advisors LLC increased its position in Expedia Group by 1.9% during the third quarter. Oxbow Advisors LLC now owns 34,567 shares of the online travel company's stock worth $5,117,000 after purchasing an additional 630 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Expedia Group during the third quarter worth approximately $118,000. Venturi Wealth Management LLC grew its stake in Expedia Group by 709.8% during the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company's stock worth $49,000 after buying an additional 291 shares during the period. Finally, Entropy Technologies LP purchased a new stake in Expedia Group during the third quarter worth approximately $736,000. Institutional investors and hedge funds own 90.76% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Melius Research upgraded shares of Expedia Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. HSBC upgraded shares of Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 price objective for the company in a research note on Friday, February 7th. Baird R W upgraded shares of Expedia Group to a "strong-buy" rating in a research note on Wednesday, November 27th. Cantor Fitzgerald reiterated a "neutral" rating and set a $210.00 price objective (up from $180.00) on shares of Expedia Group in a research note on Friday, February 7th. Finally, B. Riley reiterated a "buy" rating and set a $235.00 price objective (up from $220.00) on shares of Expedia Group in a research note 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $192.64.

Remove Ads

Expedia Group Stock Performance

Shares of Expedia Group stock traded up $0.26 during trading hours on Friday, reaching $184.33. The company's stock had a trading volume of 2,258,916 shares, compared to its average volume of 1,872,114. The company's 50 day simple moving average is $187.09 and its 200 day simple moving average is $170.70. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73. The stock has a market cap of $23.75 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 0.92 and a beta of 1.83.

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 (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%. As a group, analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a $0.40 dividend. The ex-dividend date is 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 0.87%. Expedia Group's dividend payout ratio (DPR) is currently 17.68%.

Insider Activity at Expedia Group

In related news, insider Robert J. Dzielak sold 5,000 shares of Expedia Group stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value of $1,028,500.00. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the completion of the sale, the director now owns 158,505 shares in the company, valued at approximately $26,912,563.95. This represents a 5.93 % 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 worth $4,577,900 in the last ninety days. 6.80% of the stock is owned by 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.