Cookson Peirce & Co. Inc. Acquires New Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Cookson Peirce & Co. Inc. acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,962 shares of the online travel company's stock, valued at approximately $738,000.

Other large investors have also made changes to their positions in the company. Windacre Partnership LLC lifted its holdings in Expedia Group by 49.5% in the 3rd quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company's stock valued at $639,994,000 after purchasing an additional 1,431,500 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Expedia Group by 22.5% in the third quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company's stock valued at $481,170,000 after buying an additional 596,510 shares during the last quarter. Alkeon Capital Management LLC lifted its stake in shares of Expedia Group by 46.3% during the third quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company's stock valued at $233,349,000 after buying an additional 498,934 shares during the period. KBC Group NV boosted its position in Expedia Group by 326.9% during the fourth quarter. KBC Group NV now owns 293,482 shares of the online travel company's stock worth $54,685,000 after acquiring an additional 224,732 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in Expedia Group by 9.4% in the 3rd quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company's stock worth $250,078,000 after acquiring an additional 144,579 shares during the period. Institutional investors and hedge funds own 90.76% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Susquehanna increased their price target on Expedia Group from $190.00 to $205.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Barclays raised their price target on Expedia Group from $166.00 to $187.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. BMO Capital Markets upped their price objective on shares of Expedia Group from $165.00 to $190.00 and gave the company a "market perform" rating in a research note on Monday, February 10th. Melius raised shares of Expedia Group from a "hold" rating to a "buy" rating and set a $220.00 target price on the stock in a research report on Monday, January 6th. Finally, Wedbush reaffirmed a "neutral" rating and set a $215.00 price target (up previously from $180.00) on shares of Expedia Group in a research report on Friday, February 7th. Nineteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $192.64.

Insider Activity at Expedia Group

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Monday, February 3rd. The shares were 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 of the company's stock, valued at $26,912,563.95. The trade was a 5.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Robert J. Dzielak sold 5,000 shares of the 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 sale, the insider now directly owns 74,502 shares in the company, 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. Insiders sold a total of 25,000 shares of company stock valued at $4,577,900 over the last three months. 6.80% of the stock is owned by insiders.

Expedia Group Stock Up 0.1 %

Shares of EXPE traded up $0.26 during trading on Friday, reaching $184.33. The company's stock had a trading volume of 2,258,916 shares, compared to its average volume of 1,872,114. The company has a market cap of $23.75 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 0.92 and a beta of 1.83. 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 company has a fifty day moving average of $187.09 and a two-hundred day moving average of $170.70. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. On average, sell-side analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors 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 0.87%. This is an increase 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 17.68%.

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.