Fisher Asset Management LLC Decreases Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Fisher Asset Management LLC decreased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 45.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 927,188 shares of the online travel company's stock after selling 762,297 shares during the period. Fisher Asset Management LLC owned approximately 0.72% of Expedia Group worth $172,763,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. SVB Wealth LLC purchased a new stake in Expedia Group during the fourth quarter valued at about $433,000. Private Trust Co. NA increased its holdings in shares of Expedia Group by 27.7% in the fourth quarter. Private Trust Co. NA now owns 1,402 shares of the online travel company's stock worth $261,000 after buying an additional 304 shares during the period. QRG Capital Management Inc. purchased a new position in shares of Expedia Group in the fourth quarter worth about $351,000. Proficio Capital Partners LLC purchased a new position in shares of Expedia Group in the fourth quarter worth about $17,602,000. Finally, WT Wealth Management increased its holdings in shares of Expedia Group by 2.6% in the fourth quarter. WT Wealth Management now owns 11,938 shares of the online travel company's stock worth $2,224,000 after buying an additional 304 shares during the period. Hedge funds and other institutional investors own 90.76% of the company's stock.

Insider Activity

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction dated 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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the transaction, the insider now directly owns 74,502 shares of the company's stock, 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 sold a total of 25,000 shares of company stock valued at $4,577,900 in the last 90 days. Company insiders own 6.80% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms have recently commented on EXPE. Morgan Stanley lifted their price objective on Expedia Group from $180.00 to $185.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Hsbc Global Res raised Expedia Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 7th. Citigroup raised their target price on Expedia Group from $200.00 to $217.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 11th. DA Davidson raised their target price on Expedia Group from $190.00 to $205.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Finally, B. Riley reissued a "buy" rating and issued a $235.00 target price (up 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 given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $192.64.

Expedia Group Stock Performance

EXPE traded up $2.29 during mid-day trading on Wednesday, reaching $190.99. 1,429,197 shares of the company traded hands, compared to its average volume of 1,873,935. The stock has a market capitalization of $24.61 billion, a P/E ratio of 21.10, a P/E/G ratio of 0.92 and a beta of 1.82. 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's fifty day moving average price is $187.25 and its 200-day moving average price is $170.00. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued 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, sell-side analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.40 per share. This is an increase from Expedia Group's previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.84%. Expedia Group's payout ratio is presently 17.68%.

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.