Seizert Capital Partners LLC cut its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 15.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 291,827 shares of the online travel company's stock after selling 51,405 shares during the period. Expedia Group makes up about 2.5% of Seizert Capital Partners LLC's portfolio, making the stock its 8th biggest holding. Seizert Capital Partners LLC owned approximately 0.23% of Expedia Group worth $54,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently modified their holdings of the company. Assetmark Inc. increased its stake in Expedia Group by 35.4% in the fourth quarter. Assetmark Inc. now owns 25,196 shares of the online travel company's stock valued at $4,695,000 after acquiring an additional 6,588 shares during the last quarter. Smithfield Trust Co boosted its stake in Expedia Group by 12.0% in the fourth quarter. Smithfield Trust Co now owns 3,172 shares of the online travel company's stock valued at $592,000 after buying an additional 341 shares in the last quarter. Cookson Peirce & Co. Inc. bought a new position in Expedia Group in the fourth quarter valued at about $738,000. Commerzbank Aktiengesellschaft FI raised its stake in Expedia Group by 4.1% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 3,282 shares of the online travel company's stock worth $613,000 after acquiring an additional 130 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Expedia Group by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 732,645 shares of the online travel company's stock worth $136,514,000 after acquiring an additional 10,332 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.
Expedia Group Stock Up 0.1 %
EXPE traded up $0.26 during mid-day trading on Friday, reaching $184.33. 2,258,916 shares of the stock were exchanged, compared to its average volume of 1,872,063. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $207.73. 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 company has a 50 day moving average price of $187.09 and a two-hundred day moving average price of $170.44. The stock has a market capitalization of $23.75 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 0.92 and a beta of 1.83.
Expedia Group (NASDAQ:EXPE - Get Free Report) last released its earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share (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%. As a group, research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current year.
Expedia Group Increases Dividend
The firm also recently announced 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. This is a boost from Expedia Group's previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, March 6th. Expedia Group's payout ratio is presently 17.68%.
Wall Street Analyst Weigh In
Several equities analysts recently commented on EXPE shares. Morgan Stanley increased their price objective on shares of Expedia Group from $180.00 to $185.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. Cantor Fitzgerald restated a "neutral" rating and set a $210.00 price objective (up previously from $180.00) on shares of Expedia Group in a research report on Friday, February 7th. HSBC upgraded Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 target price for the company in a research report on Friday, February 7th. Bank of America raised Expedia Group from a "neutral" rating to a "buy" rating and upped their price objective for the company from $187.00 to $221.00 in a research note on Wednesday, December 18th. Finally, JMP Securities reiterated a "market perform" rating on shares of Expedia Group in a research report on Friday, February 7th. Nineteen research 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $192.64.
Check Out Our Latest Stock Analysis on Expedia Group
Insider Activity at Expedia Group
In related news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group 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 sale, the director now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction, the insider now directly owns 74,502 shares of the company's stock, valued at approximately $15,325,061.40. This trade represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,000 shares of company stock worth $4,577,900. 6.80% of the stock is owned by company insiders.
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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