Maridea Wealth Management LLC Makes New $346,000 Investment in Expedia Group, Inc. (NASDAQ:EXPE)

Maridea Wealth Management LLC bought a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,856 shares of the online travel company's stock, valued at approximately $346,000.

A number of other large investors have also modified their holdings of the business. Brooklyn Investment Group acquired a new position in shares of Expedia Group during the 3rd quarter valued at about $51,000. Townsquare Capital LLC boosted its holdings in Expedia Group by 31.0% in the 3rd quarter. Townsquare Capital LLC now owns 6,040 shares of the online travel company's stock valued at $894,000 after purchasing an additional 1,428 shares during the last quarter. Public Sector Pension Investment Board grew its stake in shares of Expedia Group by 18.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 5,141 shares of the online travel company's stock valued at $761,000 after buying an additional 800 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of Expedia Group by 2.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,980 shares of the online travel company's stock worth $441,000 after buying an additional 62 shares during the last quarter. Finally, Captrust Financial Advisors raised its position in shares of Expedia Group by 29.9% during the 3rd quarter. Captrust Financial Advisors now owns 22,579 shares of the online travel company's stock valued at $3,342,000 after buying an additional 5,203 shares during the period. Hedge funds and other institutional investors own 90.76% of the company's stock.

Expedia Group Stock Performance

EXPE traded up $0.15 during trading on Wednesday, reaching $167.85. The company's stock had a trading volume of 1,910,411 shares, compared to its average volume of 1,944,467. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. The company's fifty day moving average price is $181.80 and its 200-day moving average price is $174.94. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $207.73. The company has a market capitalization of $21.63 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 0.92 and a beta of 1.83.

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Expedia Group (NASDAQ:EXPE - Get Free Report) last announced 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 net margin of 9.01% and a return on equity of 52.41%. On average, equities analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. This is an increase 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 Activity at Expedia Group

In other news, insider Robert J. Dzielak sold 5,000 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total value 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. The trade was a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,000 shares of company stock valued at $4,577,900. Insiders own 6.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EXPE shares. Argus upped their price objective on shares of Expedia Group from $210.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Benchmark restated a "buy" rating and set a $200.00 price target on shares of Expedia Group in a research note on Tuesday, February 4th. Hsbc Global Res raised Expedia Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 7th. BMO Capital Markets boosted their price objective on Expedia Group from $165.00 to $190.00 and gave the company a "market perform" rating in a report on Monday, February 10th. Finally, StockNews.com upgraded Expedia Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 15th. Nineteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.