Bank Julius Baer & Co. Ltd Zurich purchased a new position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,248 shares of the online travel company's stock, valued at approximately $462,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of EXPE. Windacre Partnership LLC grew 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 purchasing an additional 1,431,500 shares during the period. Pacer Advisors Inc. lifted its holdings in Expedia Group by 22.5% in the 3rd quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company's stock valued at $481,170,000 after purchasing an additional 596,510 shares in the last quarter. Alkeon Capital Management LLC lifted its holdings in Expedia Group by 46.3% in the 3rd 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. KBC Group NV raised its holdings in shares of Expedia Group by 326.9% during the 4th quarter. KBC Group NV now owns 293,482 shares of the online travel company's stock worth $54,685,000 after acquiring an additional 224,732 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in shares of Expedia Group by 9.4% during the 3rd quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company's stock worth $250,078,000 after acquiring an additional 144,579 shares during the period. Institutional investors and hedge funds own 90.76% of the company's stock.
Analysts Set New Price Targets
Several brokerages recently issued reports on EXPE. Benchmark restated a "buy" rating and issued a $200.00 price objective on shares of Expedia Group in a report on Tuesday, February 4th. JMP Securities reissued a "market perform" rating on shares of Expedia Group in a research report on Friday, February 7th. Wells Fargo & Company boosted their target price on Expedia Group from $168.00 to $199.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. DA Davidson boosted their price objective on Expedia Group from $190.00 to $205.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Finally, Hsbc Global Res upgraded Expedia Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 7th. Nineteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, Expedia Group has an average rating of "Moderate Buy" and a consensus price target of $193.61.
Check Out Our Latest Analysis on Expedia Group
Expedia Group Trading Down 3.3 %
NASDAQ EXPE traded down $5.41 during trading hours on Thursday, hitting $157.11. 2,166,985 shares of the company's stock were exchanged, compared to its average volume of 1,896,932. The business's 50 day moving average is $185.40 and its 200-day moving average is $171.29. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $207.73. The firm has a market capitalization of $20.24 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 0.92 and a beta of 1.82. 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 (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 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 anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.
Expedia Group Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a $0.40 dividend. The ex-dividend date is Thursday, March 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.02%. This is a positive change from Expedia Group's previous quarterly dividend of $0.34. Expedia Group's dividend payout ratio (DPR) is 17.68%.
Insider Activity
In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the director now owns 158,505 shares in the company, valued at $26,912,563.95. This trade 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 the SEC website. Also, insider Robert J. Dzielak sold 5,000 shares of the firm's stock in a transaction that occurred on 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 owns 74,502 shares of the company's stock, valued at approximately $15,325,061.40. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,000 shares of company stock worth $4,577,900. 6.80% of the stock is currently owned by corporate insiders.
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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