Prudential Financial Inc. Raises Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Prudential Financial Inc. lifted its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 26.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,990 shares of the online travel company's stock after acquiring an additional 21,426 shares during the quarter. Prudential Financial Inc. owned 0.08% of Expedia Group worth $19,190,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Quest Partners LLC acquired a new stake in Expedia Group during the 3rd quarter worth about $245,000. Pathstone Holdings LLC boosted its stake in shares of Expedia Group by 2.0% in the third quarter. Pathstone Holdings LLC now owns 9,802 shares of the online travel company's stock worth $1,451,000 after buying an additional 195 shares during the last quarter. Cerity Partners LLC grew its holdings in Expedia Group by 67.4% during the third quarter. Cerity Partners LLC now owns 57,409 shares of the online travel company's stock worth $8,498,000 after acquiring an additional 23,118 shares during the period. Centaurus Financial Inc. purchased a new position in Expedia Group during the third quarter valued at approximately $383,000. Finally, Daiwa Securities Group Inc. lifted its holdings in Expedia Group by 7.9% in the third quarter. Daiwa Securities Group Inc. now owns 17,310 shares of the online travel company's stock valued at $2,562,000 after acquiring an additional 1,262 shares during the period. Hedge funds and other institutional investors own 90.76% of the company's stock.

Expedia Group Trading Down 0.6 %

NASDAQ:EXPE traded down $0.97 during trading hours on Friday, reaching $168.10. 1,807,176 shares of the stock were exchanged, compared to its average volume of 1,947,934. 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 market capitalization of $21.66 billion, a price-to-earnings ratio of 18.57, a PEG 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. The business has a 50-day moving average of $182.46 and a two-hundred day moving average of $174.15.

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Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) 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 predict that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. This is a positive change from Expedia Group's previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, March 6th. Expedia Group's dividend payout ratio is presently 17.68%.

Analyst Ratings Changes

EXPE has been the topic of a number of analyst reports. Wells Fargo & Company raised their price objective on shares of Expedia Group from $168.00 to $199.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. Argus lifted their price objective on shares of Expedia Group from $210.00 to $220.00 and gave the company a "buy" rating in a report on Friday, January 10th. Morgan Stanley increased their target price on shares of Expedia Group from $180.00 to $185.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. The Goldman Sachs Group lifted their price target on Expedia Group from $208.00 to $236.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Finally, Truist Financial increased their price target on Expedia Group from $163.00 to $175.00 and gave the stock a "hold" rating in a research report on Wednesday, March 12th. Nineteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $193.43.

Insider Activity at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the completion of the sale, the director now directly owns 168,505 shares of the company's stock, valued at approximately $31,198,700.75. The trade was a 5.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock valued at $4,577,900 over the last 90 days. 6.80% of the stock is owned by corporate insiders.

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.