Ieq Capital LLC Buys 23,609 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Ieq Capital LLC increased its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 338.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,584 shares of the online travel company's stock after purchasing an additional 23,609 shares during the period. Ieq Capital LLC's holdings in Expedia Group were worth $5,699,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Convergence Investment Partners LLC raised its position in Expedia Group by 45.9% in the 4th quarter. Convergence Investment Partners LLC now owns 8,316 shares of the online travel company's stock worth $1,550,000 after purchasing an additional 2,617 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in Expedia Group during the 4th quarter worth $634,000. GAM Holding AG grew its holdings in Expedia Group by 6.6% during the 4th quarter. GAM Holding AG now owns 17,077 shares of the online travel company's stock worth $3,182,000 after acquiring an additional 1,055 shares during the period. Venturi Wealth Management LLC grew its holdings in Expedia Group by 391.0% during the 4th quarter. Venturi Wealth Management LLC now owns 1,630 shares of the online travel company's stock worth $304,000 after acquiring an additional 1,298 shares during the period. Finally, Pinnbrook Capital Management LP acquired a new stake in Expedia Group during the 4th quarter worth $4,952,000. Institutional investors own 90.76% of the company's stock.

Insider Activity

In other news, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction dated 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 directly owns 74,502 shares of the company's stock, valued at $15,325,061.40. This represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 168,505 shares in the company, valued at approximately $31,198,700.75. This represents a 5.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,000 shares of company stock valued at $4,577,900. 6.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on EXPE. Morgan Stanley lifted their target price on shares of Expedia Group from $180.00 to $185.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. B. Riley reaffirmed a "buy" rating and set a $235.00 target price (up previously from $220.00) on shares of Expedia Group in a report on Friday, February 7th. The Goldman Sachs Group lifted their target price on shares of Expedia Group from $208.00 to $236.00 and gave the stock a "buy" rating in a report on Friday, January 10th. DA Davidson lifted their target price on shares of Expedia Group from $190.00 to $205.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Finally, 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 report on Monday, January 6th. Nineteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $192.64.

Expedia Group Stock Down 4.0 %

NASDAQ EXPE traded down $8.23 during trading hours on Friday, hitting $196.91. 2,559,504 shares of the company traded hands, compared to its average volume of 2,286,115. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. The business's 50-day moving average is $185.40 and its 200-day moving average is $166.51. The stock has a market capitalization of $25.37 billion, a price-to-earnings ratio of 21.76, a P/E/G ratio of 0.92 and a beta of 1.82. 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 released its quarterly earnings data 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 net margin of 9.01% and a return on equity of 52.41%. Sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid 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 annualized dividend and a dividend yield of 0.81%. Expedia Group's payout ratio is currently 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.