Expedia Group, Inc. (NASDAQ:EXPE) Stake Lessened by Bessemer Group Inc.

Bessemer Group Inc. lessened its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,132 shares of the online travel company's stock after selling 3,023 shares during the quarter. Bessemer Group Inc.'s holdings in Expedia Group were worth $6,733,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EXPE. SRH Advisors LLC purchased a new stake in shares of Expedia Group in the fourth quarter valued at about $28,000. Sava Infond d.o.o. purchased a new stake in shares of Expedia Group during the 4th quarter valued at approximately $28,000. Grove Bank & Trust grew its position in Expedia Group by 676.2% in the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company's stock worth $30,000 after acquiring an additional 142 shares during the period. Prudent Man Investment Management Inc. purchased a new stake in Expedia Group in the fourth quarter valued at $34,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Expedia Group by 75.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company's stock valued at $51,000 after purchasing an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company's stock.

Expedia Group Trading Down 1.1 %

Shares of EXPE stock traded down $1.75 on Thursday, reaching $150.83. 776,278 shares of the stock were exchanged, compared to its average volume of 2,001,430. Expedia Group, Inc. has a 1-year low of $107.25 and a 1-year high of $207.73. The stock has a market cap of $19.43 billion, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 0.92 and a beta of 1.65. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. The firm has a 50 day moving average of $175.65 and a two-hundred day moving average of $174.89.

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%. On average, research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 1.06%. This is a positive change from Expedia Group's previous quarterly dividend of $0.34. Expedia Group's dividend payout ratio is presently 17.68%.

Insider Activity

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the company'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 value of $1,697,900.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 74,502 shares of the company's stock, valued at $15,325,061.40. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.80% of the company's stock.

Wall Street Analyst Weigh In

EXPE has been the subject of a number of research analyst reports. Oppenheimer lowered their price objective on shares of Expedia Group from $235.00 to $230.00 and set an "outperform" rating for the company in a research report on Monday, March 17th. Melius upgraded Expedia Group from a "hold" rating to a "buy" rating and set a $220.00 price objective on the stock in a report on Monday, January 6th. JMP Securities reaffirmed a "market perform" rating on shares of Expedia Group in a research report on Friday, February 7th. Benchmark reissued a "buy" rating and issued a $200.00 price objective on shares of Expedia Group in a research note on Tuesday, February 4th. Finally, Wedbush reiterated a "neutral" rating on shares of Expedia Group in a report on Tuesday. Nineteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $190.18.

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.