Geode Capital Management LLC Buys 30,163 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Geode Capital Management LLC increased its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 0.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,228,090 shares of the online travel company's stock after purchasing an additional 30,163 shares during the period. Geode Capital Management LLC owned about 2.52% of Expedia Group worth $600,750,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SRH Advisors LLC bought a new position in Expedia Group during the fourth quarter valued at approximately $28,000. Sava Infond d.o.o. acquired a new position in Expedia Group during the fourth quarter worth $28,000. Grove Bank & Trust raised its holdings in Expedia Group by 676.2% during the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company's stock valued at $30,000 after buying an additional 142 shares in the last quarter. Prudent Man Investment Management Inc. acquired a new stake in shares of Expedia Group in the fourth quarter worth about $34,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Expedia Group by 75.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company's stock worth $51,000 after acquiring an additional 117 shares in the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Trading Down 6.9 %

Expedia Group stock traded down $10.51 during trading hours on Friday, reaching $141.86. 4,648,075 shares of the company's stock traded hands, compared to its average volume of 1,956,422. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $207.73. The firm's 50 day moving average is $180.61 and its 200-day moving average is $175.03. 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 firm has a market capitalization of $18.28 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 0.92 and a beta of 1.65.

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Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data 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 net margin of 9.01% and a return on equity of 52.41%. On average, analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. This is a positive change from Expedia Group's previous quarterly dividend of $0.34. The ex-dividend date was Thursday, March 6th. Expedia Group's dividend payout ratio (DPR) is presently 17.68%.

Insider Activity at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the 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 directly owns 158,505 shares of the company's stock, valued at approximately $26,912,563.95. The trade was a 5.93 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EXPE shares. DA Davidson raised their price objective on Expedia Group from $190.00 to $205.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Bank of America upgraded shares of Expedia Group from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $187.00 to $221.00 in a research note on Wednesday, December 18th. Barclays raised their target price on shares of Expedia Group from $166.00 to $187.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Melius Research raised shares of Expedia Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Finally, UBS Group reiterated a "neutral" rating on shares of Expedia Group in a research note on Tuesday, February 4th. Nineteen investment 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $193.43.

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.