Canada Pension Plan Investment Board Buys Shares of 8,700 Expedia Group, Inc. (NASDAQ:EXPE)

Canada Pension Plan Investment Board purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,700 shares of the online travel company's stock, valued at approximately $1,621,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Marshall Wace LLP acquired a new stake in Expedia Group in the 4th quarter valued at $58,367,000. NewEdge Advisors LLC raised its holdings in Expedia Group by 24.6% during the fourth quarter. NewEdge Advisors LLC now owns 5,196 shares of the online travel company's stock worth $968,000 after acquiring an additional 1,025 shares in the last quarter. Jump Financial LLC boosted its position in Expedia Group by 45.5% during the fourth quarter. Jump Financial LLC now owns 2,811 shares of the online travel company's stock valued at $524,000 after purchasing an additional 879 shares during the last quarter. Bridgewater Associates LP grew its stake in Expedia Group by 73.4% in the fourth quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company's stock valued at $159,175,000 after purchasing an additional 361,543 shares in the last quarter. Finally, LTS One Management LP acquired a new position in shares of Expedia Group during the 4th quarter worth approximately $20,496,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on EXPE shares. Morgan Stanley cut their target price on shares of Expedia Group from $190.00 to $150.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Citigroup boosted their target price on Expedia Group from $200.00 to $217.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Truist Financial lifted their price objective on shares of Expedia Group from $163.00 to $175.00 and gave the stock a "hold" rating in a research report on Wednesday, March 12th. JPMorgan Chase & Co. dropped their price objective on shares of Expedia Group from $205.00 to $170.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group upped their price target on shares of Expedia Group from $208.00 to $236.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Nineteen analysts have rated the stock with a hold rating, eleven have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $190.18.

Expedia Group Price Performance

Shares of EXPE traded up $0.56 during midday trading on Friday, hitting $160.11. The company's stock had a trading volume of 1,020,656 shares, compared to its average volume of 2,012,008. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73. The stock has a market capitalization of $20.63 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 0.92 and a beta of 1.65. The company's fifty day simple moving average is $168.91 and its two-hundred day simple moving average is $175.29.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its earnings results on Thursday, February 6th. The online travel company reported $1.84 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, equities analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was 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 dividend yield of 1.00%. Expedia Group's dividend payout ratio is 17.68%.

Insider Activity

In other news, insider Robert J. Dzielak sold 5,000 shares of the firm's 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 approximately $15,325,061.40. This trade represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the business's stock in a transaction 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 directly owns 158,505 shares in the company, valued at approximately $26,912,563.95. This 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 corporate insiders.

About Expedia Group

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.