OVERSEA CHINESE BANKING Corp Ltd Takes $396,000 Position in Expedia Group, Inc. (NASDAQ:EXPE)

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,128 shares of the online travel company's stock, valued at approximately $396,000.

Several other hedge funds have also modified their holdings of EXPE. Handelsbanken Fonder AB grew its stake in shares of Expedia Group by 17.8% during the 4th quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company's stock valued at $5,729,000 after buying an additional 4,656 shares during the period. Caprock Group LLC boosted its holdings in Expedia Group by 33.7% in the third quarter. Caprock Group LLC now owns 10,191 shares of the online travel company's stock valued at $1,508,000 after acquiring an additional 2,569 shares during the last quarter. Teamwork Financial Advisors LLC acquired a new position in Expedia Group in the fourth quarter valued at $1,791,000. Integrated Investment Consultants LLC purchased a new stake in Expedia Group during the third quarter valued at about $527,000. Finally, Clare Market Investments LLC acquired a new stake in Expedia Group during the fourth quarter worth about $319,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EXPE. Baird R W upgraded Expedia Group to a "strong-buy" rating in a report on Wednesday, November 27th. Wedbush reissued a "neutral" rating and issued a $215.00 price objective (up previously from $180.00) on shares of Expedia Group in a research report on Friday, February 7th. Bank of America upgraded shares of Expedia Group from a "neutral" rating to a "buy" rating and lifted their target price for the company from $187.00 to $221.00 in a report on Wednesday, December 18th. DA Davidson increased their price target on Expedia Group from $190.00 to $205.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group upped their target price on Expedia Group from $208.00 to $236.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Nineteen equities research 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 company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $193.43.

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Insider Buying and Selling at Expedia Group

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total value of $1,851,500.00. Following the transaction, the director now owns 168,505 shares in the company, valued at approximately $31,198,700.75. The trade was a 5.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction 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 sale, the insider now owns 74,502 shares of the company's stock, valued at $15,325,061.40. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,000 shares of company stock valued at $4,577,900. 6.80% of the stock is owned by corporate insiders.

Expedia Group Stock Performance

EXPE traded down $1.43 during trading hours on Tuesday, hitting $176.86. The company's stock had a trading volume of 1,820,549 shares, compared to its average volume of 1,904,035. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $207.73. The company has a 50-day simple moving average of $183.62 and a 200 day simple moving average of $173.33. The firm has a market capitalization of $22.79 billion, a PE ratio of 19.54, a PEG ratio of 0.92 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings data 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, sell-side analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a $0.40 dividend. 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 dividend yield of 0.90%. The ex-dividend date is Thursday, March 6th. Expedia Group's dividend payout ratio is currently 17.68%.

About Expedia Group

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.