Pictet Asset Management Holding SA Sells 5,423 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Pictet Asset Management Holding SA lowered its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 54,907 shares of the online travel company's stock after selling 5,423 shares during the quarter. Pictet Asset Management Holding SA's holdings in Expedia Group were worth $10,231,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in EXPE. SRH Advisors LLC bought a new position in Expedia Group during the fourth quarter worth about $28,000. Sava Infond d.o.o. acquired a new position in Expedia Group in the fourth quarter valued at about $28,000. Grove Bank & Trust increased its holdings in shares of Expedia Group by 676.2% in the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company's stock worth $30,000 after acquiring an additional 142 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings 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. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Expedia Group during the fourth quarter worth about $72,000. 90.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EXPE. UBS Group reissued a "neutral" rating on shares of Expedia Group in a research note on Tuesday, February 4th. Citigroup increased their price objective on Expedia Group from $200.00 to $217.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Bank of America upgraded Expedia Group from a "neutral" rating to a "buy" rating and boosted their target price for the company from $187.00 to $221.00 in a research note on Wednesday, December 18th. The Goldman Sachs Group increased their target price on shares of Expedia Group from $208.00 to $236.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Finally, Argus increased their price target on Expedia Group from $210.00 to $220.00 and gave the company a "buy" rating in a research report on Friday, January 10th. 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 company's stock. Based on data from MarketBeat, Expedia Group has a consensus rating of "Moderate Buy" and a consensus target price of $193.43.

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Expedia Group Price Performance

Expedia Group stock traded down $10.51 during mid-day trading on Friday, reaching $141.86. 4,648,075 shares of the company were exchanged, compared to its average volume of 1,955,269. The firm has a market cap of $18.28 billion, a PE ratio of 15.68, a PEG ratio of 0.92 and a beta of 1.83. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The company has a fifty day simple moving average of $180.61 and a 200-day simple moving average of $174.78. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 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%. As a group, equities research analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The company also recently disclosed 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 is an increase from Expedia Group's previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Thursday, March 6th. Expedia Group's payout ratio is currently 17.68%.

Insiders Place Their Bets

In related news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred on 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 sale, the director now directly owns 158,505 shares of the company's stock, valued at approximately $26,912,563.95. The trade was a 5.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, 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 transaction 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 approximately $15,325,061.40. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company's stock.

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.