Farther Finance Advisors LLC Boosts Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Farther Finance Advisors LLC lifted its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 934.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,531 shares of the online travel company's stock after purchasing an additional 4,093 shares during the period. Farther Finance Advisors LLC's holdings in Expedia Group were worth $844,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Windacre Partnership LLC increased its stake in shares of Expedia Group by 49.5% during the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company's stock worth $639,994,000 after purchasing an additional 1,431,500 shares in the last quarter. Pacer Advisors Inc. grew its stake in Expedia Group by 22.5% during the 3rd quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company's stock valued at $481,170,000 after acquiring an additional 596,510 shares in the last quarter. Geode Capital Management LLC grew its stake in Expedia Group by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,197,927 shares of the online travel company's stock valued at $472,212,000 after acquiring an additional 20,005 shares in the last quarter. Fisher Asset Management LLC grew its stake in Expedia Group by 9.4% during the 3rd quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company's stock valued at $250,078,000 after acquiring an additional 144,579 shares in the last quarter. Finally, Alkeon Capital Management LLC grew its stake in Expedia Group by 46.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company's stock valued at $233,349,000 after acquiring an additional 498,934 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company's stock.

Remove Ads

Expedia Group Stock Up 4.4 %

Expedia Group stock traded up $7.32 during mid-day trading on Wednesday, reaching $172.48. 2,219,464 shares of the company's stock were exchanged, compared to its average volume of 1,890,043. The company has a market cap of $22.23 billion, a P/E ratio of 19.06, 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. 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 fifty day moving average of $184.20 and a 200-day moving average of $172.26.

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 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%. Sell-side analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.93%. This is a positive change from Expedia Group's previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, March 6th. Expedia Group's dividend payout ratio (DPR) is presently 17.68%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. JMP Securities reaffirmed a "market perform" rating on shares of Expedia Group in a research note on Friday, February 7th. Argus upped their price objective on shares of Expedia Group from $210.00 to $220.00 and gave the company a "buy" rating in a research note on Friday, January 10th. HSBC raised shares of Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 price objective for the company in a research note on Friday, February 7th. Morgan Stanley upped 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. Finally, B. Riley reissued a "buy" rating and issued a $235.00 price target (up previously from $220.00) on shares of Expedia Group in a research note on Friday, February 7th. Nineteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have issued 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.

Insider Activity

In other news, insider Robert J. Dzielak sold 5,000 shares of the firm's 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 sale, the insider now directly owns 74,502 shares in the company, valued at approximately $15,325,061.40. This trade represents a 6.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $169.79, for a total transaction 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. The trade was a 5.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,000 shares of company stock worth $4,577,900. 6.80% of the stock is currently owned by corporate insiders.

Expedia Group Company 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.