Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Okabena Investment Services Inc.

Okabena Investment Services Inc. cut its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 28.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,225 shares of the online travel company's stock after selling 1,687 shares during the quarter. Okabena Investment Services Inc.'s holdings in Expedia Group were worth $787,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPE. Handelsbanken Fonder AB increased its holdings in shares of Expedia Group by 17.8% in the 4th quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company's stock valued at $5,729,000 after acquiring an additional 4,656 shares during the period. Teamwork Financial Advisors LLC purchased a new position in Expedia Group in the fourth quarter valued at about $1,791,000. Clare Market Investments LLC purchased a new position in Expedia Group in the fourth quarter valued at about $319,000. Nisa Investment Advisors LLC raised its holdings in Expedia Group by 17.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 60,003 shares of the online travel company's stock worth $11,180,000 after purchasing an additional 9,086 shares in the last quarter. Finally, Cigna Investments Inc. New purchased a new stake in shares of Expedia Group during the fourth quarter valued at about $238,000. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Price Performance

Shares of NASDAQ:EXPE traded down $0.97 during trading on Friday, reaching $168.10. The stock had a trading volume of 1,807,176 shares, compared to its average volume of 1,947,934. The business has a fifty day moving average price of $182.46 and a 200-day moving average price of $174.47. Expedia Group, Inc. has a 1-year low of $107.25 and a 1-year high of $207.73. 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 stock has a market cap of $21.66 billion, a PE ratio of 18.57, a PEG ratio of 0.92 and a beta of 1.83.

Remove Ads

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its 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%. 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were issued a $0.40 dividend. This is an increase from Expedia Group's previous quarterly dividend of $0.34. The ex-dividend date was Thursday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. Expedia Group's dividend payout ratio is presently 17.68%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EXPE. B. Riley reaffirmed a "buy" rating and set a $235.00 target price (up from $220.00) on shares of Expedia Group in a research report on Friday, February 7th. StockNews.com raised shares of Expedia Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 15th. Hsbc Global Res raised shares of Expedia Group from a "hold" rating to a "strong-buy" rating in a report on Friday, February 7th. Wedbush reissued a "neutral" rating and set a $215.00 price objective (up from $180.00) on shares of Expedia Group in a report on Friday, February 7th. Finally, HSBC upgraded Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 target price for the company in a research note on Friday, February 7th. Nineteen investment 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $193.43.

Insiders Place Their Bets

In other news, insider Robert J. Dzielak sold 5,000 shares of the business's stock in a transaction dated 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 transaction, the insider now owns 74,502 shares of the company's stock, valued at approximately $15,325,061.40. The trade was a 6.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the business'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 transaction, the director now owns 158,505 shares in the company, 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. Insiders have sold 25,000 shares of company stock valued at $4,577,900 in the last ninety days. 6.80% of the stock is currently owned by corporate insiders.

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.