Aviva PLC Sells 21,960,015 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Aviva PLC decreased its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 100.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,094 shares of the online travel company's stock after selling 21,960,015 shares during the quarter. Aviva PLC's holdings in Expedia Group were worth $949,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EXPE. SRH Advisors LLC acquired a new position in shares of Expedia Group during the 4th quarter worth about $28,000. Sava Infond d.o.o. acquired a new position in shares of Expedia Group during the 4th quarter worth approximately $28,000. Grove Bank & Trust raised its stake in shares of Expedia Group by 676.2% during the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company's stock worth $30,000 after purchasing an additional 142 shares in the last quarter. Prudent Man Investment Management Inc. acquired a new stake in shares of Expedia Group in the 4th quarter valued at approximately $34,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Expedia Group by 75.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company's stock valued at $51,000 after buying an additional 117 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 5,000 shares of Expedia Group 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 owns 74,502 shares of the company's stock, valued at $15,325,061.40. This trade represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the company's stock in a transaction on 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 sale, the director now directly owns 158,505 shares in the company, valued at $26,912,563.95. This trade represents 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 Price Performance

Expedia Group stock traded up $2.76 during midday trading on Tuesday, reaching $151.99. The company's stock had a trading volume of 304,509 shares, compared to its average volume of 1,998,590. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. The stock has a market cap of $19.59 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 0.92 and a beta of 1.65. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $207.73. The business has a 50-day moving average price of $177.06 and a 200-day moving average price of $175.21.

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 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%. On average, sell-side analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 1.05%. This is an increase from Expedia Group's previous quarterly dividend of $0.34. Expedia Group's dividend payout ratio (DPR) is presently 17.68%.

Analyst Ratings Changes

EXPE has been the topic of several analyst reports. Barclays upped their price target on shares of Expedia Group from $166.00 to $187.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Wells Fargo & Company set a $143.00 target price on shares of Expedia Group and gave the company an "equal weight" rating in a research note on Monday, April 7th. Benchmark reissued a "buy" rating and set a $200.00 price target on shares of Expedia Group in a research report on Tuesday, February 4th. JPMorgan Chase & Co. cut their price objective on Expedia Group from $205.00 to $170.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $210.00 target price (up from $180.00) on shares of Expedia Group in a research note on Friday, February 7th. Nineteen 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $191.43.

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.