Convergence Investment Partners LLC Raises Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Convergence Investment Partners LLC grew its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 45.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,316 shares of the online travel company's stock after purchasing an additional 2,617 shares during the period. Convergence Investment Partners LLC's holdings in Expedia Group were worth $1,550,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SRH Advisors LLC purchased a new position in shares of Expedia Group during the 4th quarter valued at approximately $28,000. Grove Bank & Trust lifted its position in shares of 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 buying an additional 142 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company's stock valued at $49,000 after buying an additional 291 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Expedia Group during the 3rd quarter valued at approximately $51,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Expedia Group during the 4th quarter valued at approximately $72,000. Hedge funds and other institutional investors own 90.76% of the company's stock.

Insider Transactions at Expedia Group

In other news, insider Robert J. Dzielak sold 5,000 shares of Expedia Group stock in a transaction on Wednesday, February 19th. The stock was 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 $15,325,061.40. The trade was a 6.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction 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 transaction, the director now directly owns 158,505 shares of the company's stock, valued at $26,912,563.95. This trade represents a 5.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,000 shares of company stock worth $4,577,900. Insiders own 6.80% of the company's stock.

Wall Street Analyst Weigh In

EXPE has been the subject of several recent research reports. Baird R W raised Expedia Group to a "strong-buy" rating in a research note on Wednesday, November 27th. UBS Group increased their price objective on Expedia Group from $137.00 to $156.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. DA Davidson increased 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. Deutsche Bank Aktiengesellschaft lowered shares of Expedia Group from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Finally, Wells Fargo & Company upped their price objective on shares of Expedia Group from $168.00 to $199.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Nineteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $192.64.

Expedia Group Stock Down 1.8 %

EXPE stock traded down $3.70 during midday trading on Thursday, reaching $202.82. 594,768 shares of the company were exchanged, compared to its average volume of 2,020,386. 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, Inc. has a 1-year low of $107.25 and a 1-year high of $207.73. The stock's 50-day simple moving average is $184.71 and its 200 day simple moving average is $164.93. The company has a market cap of $26.14 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 0.91 and a beta of 1.82.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings data 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%. On average, equities analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, March 6th. This is a positive change from Expedia Group's previous quarterly dividend of $0.34. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.79%.

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.