Katamaran Capital LLP Invests $2.52 Million in Expedia Group, Inc. (NASDAQ:EXPE)

Katamaran Capital LLP acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 13,543 shares of the online travel company's stock, valued at approximately $2,523,000. Expedia Group comprises about 3.2% of Katamaran Capital LLP's investment portfolio, making the stock its 13th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Resona Asset Management Co. Ltd. bought a new stake in Expedia Group during the fourth quarter worth approximately $6,736,000. Thoroughbred Financial Services LLC acquired a new position in shares of Expedia Group during the 4th quarter valued at $225,000. ExodusPoint Capital Management LP bought a new stake in shares of Expedia Group in the 4th quarter worth $1,613,000. Westpac Banking Corp lifted its holdings in shares of Expedia Group by 89.3% in the fourth quarter. Westpac Banking Corp now owns 924 shares of the online travel company's stock valued at $172,000 after buying an additional 436 shares during the period. Finally, Groupama Asset Managment bought a new position in Expedia Group during the fourth quarter valued at about $1,308,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on EXPE shares. BMO Capital Markets upped their price target on shares of Expedia Group from $165.00 to $190.00 and gave the company a "market perform" rating in a report on Monday, February 10th. JMP Securities reaffirmed a "market perform" rating on shares of Expedia Group in a report on Friday, February 7th. DA Davidson lifted their target price on Expedia Group from $190.00 to $205.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. The Goldman Sachs Group increased their price target on Expedia Group from $208.00 to $236.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Finally, Truist Financial lifted their price target on Expedia Group from $163.00 to $175.00 and gave the stock a "hold" rating in a research note on Wednesday, March 12th. Nineteen 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 company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $191.43.

Expedia Group Stock Down 6.9 %

NASDAQ:EXPE traded down $11.15 during trading hours on Thursday, reaching $150.53. The company's stock had a trading volume of 1,370,115 shares, compared to its average volume of 1,993,461. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $19.40 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 0.92 and a beta of 1.65. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73. The business's 50-day moving average is $178.23 and its 200-day moving average is $174.97.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 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%. Equities research analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

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

Insider Buying and Selling

In other Expedia Group news, 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 of the company's stock, valued at $26,912,563.95. The trade was a 5.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert J. Dzielak sold 5,000 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value of $1,028,500.00. Following the completion of the sale, the insider now directly owns 74,502 shares in the company, valued at approximately $15,325,061.40. This represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is 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.