Chase Investment Counsel Corp Takes Position in Expedia Group, Inc. (NASDAQ:EXPE)

Chase Investment Counsel Corp purchased a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,907 shares of the online travel company's stock, valued at approximately $541,000.

Several other institutional investors have also modified their holdings of EXPE. SRH Advisors LLC purchased a new stake in Expedia Group during the fourth quarter worth $28,000. Grove Bank & Trust increased its holdings in Expedia Group by 676.2% during the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company's stock valued at $30,000 after acquiring an additional 142 shares in the last quarter. Venturi Wealth Management LLC raised its position in Expedia Group by 709.8% during the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company's stock worth $49,000 after acquiring an additional 291 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Expedia Group in the third quarter valued at about $51,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Expedia Group in the fourth quarter valued at approximately $72,000. Hedge funds and other institutional investors own 90.76% of the company's stock.

Insider Activity

In other news, Director Dara Khosrowshahi sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the completion of the transaction, the director now directly owns 168,505 shares in the company, valued at approximately $31,198,700.75. The trade was a 5.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 stock was sold at an average price of $205.70, for a total value of $1,028,500.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,000 shares of company stock valued at $4,577,900. 6.80% of the stock is currently owned by company insiders.

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Expedia Group Stock Performance

EXPE traded up $2.29 during trading hours on Wednesday, hitting $190.99. 1,429,197 shares of the stock were exchanged, compared to its average volume of 1,878,704. The stock has a market cap of $24.61 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 0.92 and a beta of 1.82. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $207.73. The stock has a 50-day simple moving average of $187.22 and a 200-day simple moving average of $169.85. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly 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%. Analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.84%. This is a boost from Expedia Group's previous quarterly dividend of $0.34. The ex-dividend date is Thursday, March 6th. Expedia Group's dividend payout ratio (DPR) is presently 17.68%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on EXPE shares. UBS Group restated a "neutral" rating on shares of Expedia Group in a research report on Tuesday, February 4th. JMP Securities reissued a "market perform" rating on shares of Expedia Group in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft downgraded Expedia Group from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. JPMorgan Chase & Co. lifted their price objective on Expedia Group from $135.00 to $170.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Finally, Wedbush restated a "neutral" rating and issued a $215.00 target price (up from $180.00) on shares of Expedia Group in a report on Friday, February 7th. Nineteen research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $192.64.

Expedia Group Company 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.