FIL Ltd Lowers Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

FIL Ltd decreased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,451,467 shares of the online travel company's stock after selling 3,957 shares during the period. FIL Ltd owned 1.13% of Expedia Group worth $270,452,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Expedia Group by 6.5% during the 4th quarter. FMR LLC now owns 1,303,532 shares of the online travel company's stock valued at $242,887,000 after purchasing an additional 79,372 shares during the last quarter. Polymer Capital Management HK LTD purchased a new stake in Expedia Group in the fourth quarter valued at about $363,000. Aster Capital Management DIFC Ltd boosted its holdings in Expedia Group by 57.6% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,480 shares of the online travel company's stock worth $462,000 after acquiring an additional 906 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of Expedia Group by 2.4% during the fourth quarter. Federated Hermes Inc. now owns 381,432 shares of the online travel company's stock worth $71,073,000 after acquiring an additional 8,912 shares during the last quarter. Finally, Lyrical Asset Management LP increased its holdings in shares of Expedia Group by 1.7% during the fourth quarter. Lyrical Asset Management LP now owns 1,763,489 shares of the online travel company's stock valued at $328,591,000 after acquiring an additional 28,736 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on EXPE shares. JMP Securities reiterated a "market perform" rating on shares of Expedia Group in a research note on Friday, February 7th. Barclays boosted their price objective on shares of Expedia Group from $166.00 to $187.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Melius Research upgraded Expedia Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Morgan Stanley increased their price target on shares of Expedia Group from $180.00 to $185.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Finally, B. Riley restated a "buy" rating and set a $235.00 price objective (up from $220.00) on shares of Expedia Group in a research note on Friday, February 7th. Nineteen research 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $191.43.

Expedia Group Trading Up 0.7 %

EXPE stock traded up $1.01 during mid-day trading on Friday, hitting $150.53. 3,123,988 shares of the company were exchanged, compared to its average volume of 2,005,830. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $207.73. The firm has a market capitalization of $19.40 billion, a P/E ratio of 16.63, a PEG ratio of 0.92 and a beta of 1.65. The business has a fifty day simple moving average of $177.47 and a 200-day simple moving average of $175.20. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share 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%. On average, equities research analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.06%. The ex-dividend date was Thursday, March 6th. This is a boost from Expedia Group's previous quarterly dividend of $0.34. Expedia Group's payout ratio is 17.68%.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 5,000 shares of the company'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 of the company's stock, valued at $15,325,061.40. This represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the sale, the director now owns 158,505 shares of the company's stock, 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 currently owned by company 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.