Grantham Mayo Van Otterloo & Co. LLC Sells 72,781 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Grantham Mayo Van Otterloo & Co. LLC decreased its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 31.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,333 shares of the online travel company's stock after selling 72,781 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned 0.13% of Expedia Group worth $30,248,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Handelsbanken Fonder AB grew its stake in Expedia Group by 17.8% in the fourth quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company's stock valued at $5,729,000 after purchasing an additional 4,656 shares in the last quarter. Teamwork Financial Advisors LLC bought a new position in shares of Expedia Group in the fourth quarter valued at $1,791,000. Clare Market Investments LLC acquired a new position in Expedia Group during the fourth quarter worth $319,000. Nisa Investment Advisors LLC raised its position in Expedia Group by 17.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 60,003 shares of the online travel company's stock worth $11,180,000 after acquiring an additional 9,086 shares in the last quarter. Finally, Cigna Investments Inc. New acquired a new stake in Expedia Group in the fourth quarter valued at $238,000. Institutional investors and hedge funds own 90.76% of the company's stock.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 5,000 shares of Expedia Group stock in a transaction on 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 completion of the transaction, the insider now owns 74,502 shares of the company's stock, valued at $15,325,061.40. This trade represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the business'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 transaction, the director now owns 158,505 shares in the company, 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. Company insiders own 6.80% of the company's stock.

Expedia Group Trading Down 1.8 %

Shares of Expedia Group stock traded down $2.64 on Friday, hitting $146.88. The stock had a trading volume of 1,120,983 shares, compared to its average volume of 1,997,343. The stock has a 50 day moving average of $177.83 and a 200 day moving average of $174.98. The firm has a market capitalization of $18.93 billion, a P/E ratio of 16.16, a PEG ratio of 0.92 and a beta of 1.65. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month 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.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly 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%. Sell-side analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were given a dividend of $0.40 per share. This is a positive change from Expedia Group's previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a yield of 1.09%. The ex-dividend date was Thursday, March 6th. Expedia Group's dividend payout ratio (DPR) is currently 17.68%.

Analyst Upgrades and Downgrades

EXPE has been the topic of a number of research analyst reports. Barclays upped their target price 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. Wells Fargo & Company set a $143.00 price target on shares of Expedia Group and gave the company an "equal weight" rating in a research note on Monday. 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 report on Wednesday, December 18th. DA Davidson boosted their price objective on shares of Expedia Group from $190.00 to $205.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Finally, HSBC upgraded shares of Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 target price on the stock in a research report on Friday, February 7th. Nineteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $191.43.

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.