Cibc World Markets Corp Purchases 2,437 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Cibc World Markets Corp raised its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 14.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,448 shares of the online travel company's stock after buying an additional 2,437 shares during the quarter. Cibc World Markets Corp's holdings in Expedia Group were worth $3,624,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of EXPE. Corient Private Wealth LLC lifted its position in Expedia Group by 0.6% during the 4th quarter. Corient Private Wealth LLC now owns 50,191 shares of the online travel company's stock valued at $9,081,000 after acquiring an additional 279 shares during the period. Frank Rimerman Advisors LLC purchased a new position in shares of Expedia Group during the fourth quarter valued at approximately $223,000. Catalyst Funds Management Pty Ltd boosted its position in shares of Expedia Group by 33.3% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 1,600 shares of the online travel company's stock worth $298,000 after purchasing an additional 400 shares in the last quarter. Picton Mahoney Asset Management grew its stake in shares of Expedia Group by 315,000.0% in the 4th quarter. Picton Mahoney Asset Management now owns 28,359 shares of the online travel company's stock worth $5,282,000 after buying an additional 28,350 shares during the last quarter. Finally, Stelac Advisory Services LLC purchased a new stake in shares of Expedia Group in the 4th quarter worth approximately $101,000. Institutional investors own 90.76% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on EXPE shares. Baird R W raised Expedia Group to a "strong-buy" rating in a report on Wednesday, November 27th. Robert W. Baird began coverage on shares of Expedia Group in a research report on Wednesday, November 27th. They set an "outperform" rating and a $225.00 price objective on the stock. 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. BMO Capital Markets increased their price target on shares of Expedia Group from $165.00 to $190.00 and gave the company a "market perform" rating in a report on Monday, February 10th. Finally, B. Riley restated a "buy" rating and issued a $235.00 price objective (up from $220.00) 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $193.43.

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Insider Buying and Selling

In related news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 158,505 shares of the company's stock, valued at approximately $26,912,563.95. This represents a 5.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert J. Dzielak sold 5,000 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $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 quarter, insiders sold 25,000 shares of company stock worth $4,577,900. 6.80% of the stock is owned by insiders.

Expedia Group Price Performance

Expedia Group stock traded down $1.43 during mid-day trading on Tuesday, hitting $176.86. The stock had a trading volume of 1,820,549 shares, compared to its average volume of 1,904,035. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $22.79 billion, a P/E ratio of 19.54, a P/E/G ratio of 0.92 and a beta of 1.83. The firm's 50 day moving average is $183.62 and its 200 day moving average is $173.33.

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, sell-side analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Thursday, March 6th. This is an increase from Expedia Group's previous quarterly dividend of $0.34. Expedia Group's payout ratio is 17.68%.

About Expedia Group

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.