Lyrical Asset Management LP Has $328.59 Million Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Lyrical Asset Management LP lifted its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,763,489 shares of the online travel company's stock after purchasing an additional 28,736 shares during the quarter. Expedia Group comprises about 4.9% of Lyrical Asset Management LP's investment portfolio, making the stock its 5th largest holding. Lyrical Asset Management LP owned 1.37% of Expedia Group worth $328,591,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXPE. SRH Advisors LLC acquired a new stake in Expedia Group during the fourth quarter valued at approximately $28,000. Sava Infond d.o.o. acquired a new stake in Expedia Group during the 4th quarter worth about $28,000. Grove Bank & Trust lifted its stake in Expedia Group by 676.2% during the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company's stock valued at $30,000 after buying an additional 142 shares in the last quarter. Prudent Man Investment Management Inc. acquired a new position in shares of Expedia Group in the fourth quarter worth about $34,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Expedia Group by 75.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company's stock worth $51,000 after acquiring an additional 117 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Expedia Group news, 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 transaction, the director now directly owns 158,505 shares in the company, valued at approximately $26,912,563.95. This represents a 5.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 5,000 shares of the firm's stock in a transaction that occurred 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 directly owns 74,502 shares in the company, valued at approximately $15,325,061.40. The trade was 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 corporate insiders.

Expedia Group Stock Performance

Shares of NASDAQ EXPE traded down $2.68 during mid-day trading on Friday, hitting $146.84. The company had a trading volume of 1,339,569 shares, compared to its average volume of 1,998,492. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $207.73. The firm has a market cap of $18.92 billion, a P/E ratio of 16.23, a PEG ratio of 0.92 and a beta of 1.65. The business's 50-day simple moving average is $177.83 and its 200-day simple moving average is $174.98. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its 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 net margin of 9.01% and a return on equity of 52.41%. As a group, analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were given a $0.40 dividend. The ex-dividend date was Thursday, March 6th. This is a positive change from Expedia Group's previous quarterly dividend of $0.34. This represents a $1.60 dividend on an annualized basis and a yield of 1.09%. Expedia Group's payout ratio is 17.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on EXPE shares. Citigroup raised their price objective 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. Truist Financial increased their target price on Expedia Group from $163.00 to $175.00 and gave the company a "hold" rating in a report on Wednesday, March 12th. UBS Group reissued a "neutral" rating on shares of Expedia Group in a research report on Tuesday, February 4th. Melius upgraded shares of Expedia Group from a "hold" rating to a "buy" rating and set a $220.00 price target for the company in a report on Monday, January 6th. Finally, Morgan Stanley boosted their target price on Expedia Group from $180.00 to $185.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. Nineteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $191.43.

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.