Expedia Group, Inc. (NASDAQ:EXPE) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC grew its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 112.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,683 shares of the online travel company's stock after acquiring an additional 3,014 shares during the period. Intech Investment Management LLC's holdings in Expedia Group were worth $1,059,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SRH Advisors LLC acquired a new position in shares of Expedia Group in the 4th quarter valued at about $28,000. Grove Bank & Trust lifted its stake in shares of Expedia Group by 676.2% in the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company's stock valued at $30,000 after purchasing an additional 142 shares during the period. Brooklyn Investment Group purchased a new stake in Expedia Group during the third quarter worth $51,000. EverSource Wealth Advisors LLC grew its position in Expedia Group by 75.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company's stock valued at $51,000 after buying an additional 117 shares during the period. Finally, Golden State Wealth Management LLC acquired a new position in shares of Expedia Group in the fourth quarter worth about $72,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 5,000 shares of the 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 sale, the insider now owns 74,502 shares in the company, valued at $15,325,061.40. This represents a 6.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the company's 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 sale, the director now directly owns 158,505 shares of the company's stock, 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. Over the last quarter, insiders have sold 25,000 shares of company stock valued at $4,577,900. 6.80% of the stock is owned by corporate insiders.

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Expedia Group Stock Down 1.9 %

EXPE stock traded down $3.43 during midday trading on Wednesday, hitting $173.43. The company's stock had a trading volume of 1,578,845 shares, compared to its average volume of 1,904,766. The firm has a market capitalization of $22.35 billion, a P/E ratio of 19.16, a PEG ratio of 0.92 and a beta of 1.83. 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, Inc. has a 52-week low of $107.25 and a 52-week high of $207.73. The firm has a 50-day simple moving average of $183.50 and a 200-day simple moving average of $173.64.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued 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%. As a group, equities analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors 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 yield of 0.92%. This is an increase from Expedia Group's previous quarterly dividend of $0.34. The ex-dividend date is Thursday, March 6th. Expedia Group's dividend payout ratio is 17.68%.

Wall Street Analysts Forecast Growth

EXPE has been the subject of several recent analyst reports. Robert W. Baird assumed coverage on Expedia Group in a research note on Wednesday, November 27th. They issued an "outperform" rating and a $225.00 price target for the company. DA Davidson increased their target price on Expedia Group from $190.00 to $205.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. HSBC raised shares of Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 price target for the company in a report on Friday, February 7th. Melius upgraded shares of Expedia Group from a "hold" rating to a "buy" rating and set a $220.00 target price on the stock in a research report on Monday, January 6th. Finally, Susquehanna raised their target price on Expedia Group from $190.00 to $205.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. Nineteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $193.43.

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.