Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 11.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 199,327 shares of the online travel company's stock after purchasing an additional 19,825 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.16% of Expedia Group worth $37,093,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Windacre Partnership LLC grew its position in shares of Expedia Group by 49.5% during the 3rd quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company's stock worth $639,994,000 after buying an additional 1,431,500 shares during the period. KBC Group NV grew its holdings in Expedia Group by 326.9% during the 4th 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 period. Teacher Retirement System of Texas raised its position in shares of Expedia Group by 193.3% during the 4th quarter. Teacher Retirement System of Texas now owns 340,171 shares of the online travel company's stock valued at $63,384,000 after acquiring an additional 224,182 shares during the last quarter. Wealthfront Advisers LLC lifted its stake in shares of Expedia Group by 1,632.1% in the 4th quarter. Wealthfront Advisers LLC now owns 104,653 shares of the online travel company's stock valued at $19,500,000 after purchasing an additional 98,611 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of Expedia Group in the 4th quarter worth $17,602,000. Institutional investors and hedge funds own 90.76% of the company's stock.
Insider Transactions at Expedia Group
In related news, insider Robert J. Dzielak sold 5,000 shares of Expedia Group stock in a transaction dated 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 in the company, valued at approximately $15,325,061.40. This trade represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the company's stock in a transaction that occurred 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 sale, the director now owns 158,505 shares in the company, valued at $26,912,563.95. This represents a 5.93 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on EXPE shares. DA Davidson upped their price objective on Expedia Group from $190.00 to $205.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Citigroup increased their price target on shares of Expedia Group from $200.00 to $217.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. HSBC raised shares of Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 price objective on the stock in a research note on Friday, February 7th. Wedbush reaffirmed a "neutral" rating and issued a $215.00 target price (up previously from $180.00) on shares of Expedia Group in a research note on Friday, February 7th. Finally, UBS Group reissued a "neutral" rating on shares of Expedia Group in a research report on Tuesday, February 4th. Nineteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $193.43.
Get Our Latest Analysis on Expedia Group
Expedia Group Stock Down 9.0 %
NASDAQ EXPE traded down $15.17 during trading hours on Thursday, hitting $152.68. 747,093 shares of the company traded hands, compared to its average volume of 1,938,553. 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 $181.68 and its 200-day moving average is $174.89. The stock has a market capitalization of $19.67 billion, a price-to-earnings ratio of 16.87, a P/E/G ratio of 0.92 and a beta of 1.83. 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 was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Thursday, March 6th. This is an increase from Expedia Group's previous quarterly dividend of $0.34. Expedia Group's dividend payout ratio (DPR) is 17.68%.
About Expedia Group
(
Free Report)
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.
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