Cannell & Spears LLC Takes $6.50 Million Position in Expedia Group, Inc. (NASDAQ:EXPE)

Cannell & Spears LLC bought a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 34,862 shares of the online travel company's stock, valued at approximately $6,496,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Windacre Partnership LLC grew its stake in shares of Expedia Group by 49.5% in the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company's stock worth $639,994,000 after acquiring an additional 1,431,500 shares during the last quarter. Norges Bank purchased a new stake in shares of Expedia Group during the fourth quarter valued at approximately $670,565,000. Geode Capital Management LLC increased its position in shares of Expedia Group by 0.6% during the third quarter. Geode Capital Management LLC now owns 3,197,927 shares of the online travel company's stock valued at $472,212,000 after acquiring an additional 20,005 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Expedia Group by 6.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company's stock valued at $439,808,000 after acquiring an additional 150,480 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Expedia Group by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 732,645 shares of the online travel company's stock valued at $136,514,000 after purchasing an additional 10,332 shares during the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EXPE. Citigroup upped their price target on Expedia Group from $200.00 to $217.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. Bank of America upgraded shares of Expedia Group from a "neutral" rating to a "buy" rating and increased their price objective for the company from $187.00 to $221.00 in a research report on Wednesday, December 18th. Melius raised shares of Expedia Group from a "hold" rating to a "buy" rating and set a $220.00 target price for the company in a research report on Monday, January 6th. HSBC upgraded shares of Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 target price for the company in a research note on Friday, February 7th. Finally, Argus lifted their price objective on Expedia Group from $210.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Nineteen investment 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 company's stock. Based on data from MarketBeat.com, Expedia Group presently has an average rating of "Moderate Buy" and a consensus target price of $193.43.

Expedia Group Price Performance

Shares of Expedia Group stock traded up $0.15 during trading on Wednesday, reaching $167.85. 1,914,835 shares of the stock traded hands, compared to its average volume of 1,944,474. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $207.73. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The business has a fifty day simple moving average of $181.80 and a two-hundred day simple moving average of $174.94. The company has a market capitalization of $21.63 billion, a price-to-earnings ratio of 18.55, a P/E/G ratio of 0.92 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its earnings results 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%. Sell-side analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The firm also recently announced 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. This is a boost from Expedia Group's previous quarterly dividend of $0.34. The ex-dividend date was Thursday, March 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. Expedia Group's dividend payout ratio is currently 17.68%.

Insider Transactions at Expedia Group

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the firm'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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $1,028,500.00. Following the transaction, the insider now owns 74,502 shares in the company, valued at approximately $15,325,061.40. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,000 shares of company stock worth $4,577,900. 6.80% of the stock is currently owned by company 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.