Kazazian Asset Management LLC Purchases New Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Kazazian Asset Management LLC acquired a new position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,200 shares of the online travel company's stock, valued at approximately $1,528,000. Expedia Group accounts for approximately 1.2% of Kazazian Asset Management LLC's holdings, making the stock its 22nd biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Handelsbanken Fonder AB raised its stake in shares of Expedia Group by 17.8% in the fourth quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company's stock worth $5,729,000 after buying an additional 4,656 shares during the period. Caprock Group LLC raised its stake in shares of Expedia Group by 33.7% in the third quarter. Caprock Group LLC now owns 10,191 shares of the online travel company's stock worth $1,508,000 after buying an additional 2,569 shares during the period. Teamwork Financial Advisors LLC bought a new stake in Expedia Group during the 4th quarter valued at approximately $1,791,000. Integrated Investment Consultants LLC bought a new stake in Expedia Group during the 3rd quarter valued at approximately $527,000. Finally, Clare Market Investments LLC bought a new stake in Expedia Group during the 4th quarter valued at approximately $319,000. Institutional investors own 90.76% of the company's stock.

Insider Buying and Selling

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 74,502 shares of the company's stock, valued at $15,325,061.40. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,000 shares of company stock valued at $4,577,900. 6.80% of the stock is owned by company insiders.

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Expedia Group Stock Performance

Shares of EXPE traded up $0.72 during mid-day trading on Friday, reaching $173.81. The company had a trading volume of 4,416,361 shares, compared to its average volume of 1,905,231. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week 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 stock has a market capitalization of $22.40 billion, a P/E ratio of 19.21, a PEG ratio of 0.92 and a beta of 1.83. The stock has a 50 day moving average of $183.68 and a two-hundred day moving average of $172.76.

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 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%. On average, analysts expect that Expedia Group, Inc. will post 12.28 earnings per share 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 is a boost 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 yield of 0.92%. Expedia Group's dividend payout ratio is presently 17.68%.

Wall Street Analyst Weigh In

EXPE has been the topic of several recent analyst reports. Hsbc Global Res raised Expedia Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 7th. Wells Fargo & Company lifted their target price on Expedia Group from $168.00 to $199.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Melius Research upgraded Expedia Group from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Morgan Stanley raised their price target on Expedia Group from $180.00 to $185.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Finally, Susquehanna raised their price target on Expedia Group from $190.00 to $205.00 and gave the company a "neutral" rating in a report on Monday, February 10th. Nineteen investment 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. Based on data from MarketBeat, Expedia Group has a consensus rating of "Moderate Buy" and an average price target of $193.43.

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.