iA Global Asset Management Inc. Grows Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

iA Global Asset Management Inc. increased its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 75.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,948 shares of the online travel company's stock after purchasing an additional 5,558 shares during the quarter. iA Global Asset Management Inc.'s holdings in Expedia Group were worth $2,413,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. OneDigital Investment Advisors LLC increased its holdings in Expedia Group by 16.7% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,485 shares of the online travel company's stock worth $368,000 after acquiring an additional 356 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Expedia Group during the third quarter worth about $245,000. Pathstone Holdings LLC increased its stake in shares of Expedia Group by 2.0% during the third quarter. Pathstone Holdings LLC now owns 9,802 shares of the online travel company's stock worth $1,451,000 after purchasing an additional 195 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Expedia Group during the 3rd quarter worth about $1,814,000. Finally, PNC Financial Services Group Inc. lifted its stake in Expedia Group by 3.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 13,855 shares of the online travel company's stock valued at $2,051,000 after buying an additional 399 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Argus increased their target price on Expedia Group from $210.00 to $220.00 and gave the company a "buy" rating in a report on Friday, January 10th. Wedbush restated a "neutral" rating and issued a $215.00 price objective (up previously from $180.00) on shares of Expedia Group in a report on Friday, February 7th. Citigroup lifted their target price on shares of Expedia Group from $200.00 to $217.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 11th. UBS Group reiterated a "neutral" rating on shares of Expedia Group in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company boosted their price target on shares of Expedia Group from $168.00 to $199.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Nineteen analysts have rated the stock with a hold rating, eleven have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $193.43.

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Expedia Group Stock Performance

NASDAQ:EXPE traded down $3.43 during trading hours on Wednesday, reaching $173.43. 1,578,847 shares of the company's stock were exchanged, compared to its average volume of 1,904,766. Expedia Group, Inc. has a 1-year low of $107.25 and a 1-year 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 firm has a market capitalization of $22.35 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 0.92 and a beta of 1.83. The company has a 50-day moving average of $183.50 and a 200 day moving average of $173.64.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly 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%. Research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The business also recently announced 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. 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 0.92%. This is a positive change from Expedia Group's previous quarterly dividend of $0.34. Expedia Group's payout ratio is presently 17.68%.

Insider Transactions at Expedia Group

In related news, 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 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total value of $1,851,500.00. Following the completion of the sale, the director now directly owns 168,505 shares in the company, valued at $31,198,700.75. This represents a 5.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock worth $4,577,900 over the last 90 days. 6.80% of the stock is currently owned by 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.