Picton Mahoney Asset Management Raises Position in Expedia Group, Inc. (NASDAQ:EXPE)

Picton Mahoney Asset Management raised its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 315,000.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,359 shares of the online travel company's stock after acquiring an additional 28,350 shares during the quarter. Picton Mahoney Asset Management's holdings in Expedia Group were worth $5,282,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of EXPE. Windacre Partnership LLC increased its holdings in shares of Expedia Group by 49.5% in the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company's stock worth $639,994,000 after purchasing an additional 1,431,500 shares during the last quarter. Pacer Advisors Inc. increased its stake in Expedia Group by 22.5% during the third quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company's stock worth $481,170,000 after acquiring an additional 596,510 shares during the last quarter. Alkeon Capital Management LLC increased its stake in Expedia Group by 46.3% during the third quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company's stock worth $233,349,000 after acquiring an additional 498,934 shares during the last quarter. KBC Group NV increased its stake in Expedia Group by 326.9% during the fourth quarter. KBC Group NV now owns 293,482 shares of the online travel company's stock worth $54,685,000 after acquiring an additional 224,732 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Expedia Group by 9.4% during the third quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company's stock valued at $250,078,000 after buying an additional 144,579 shares during the period. 90.76% of the stock is owned by institutional investors.

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Expedia Group Stock Performance

Shares of NASDAQ EXPE traded up $0.61 during mid-day trading on Thursday, hitting $173.09. The stock had a trading volume of 2,404,722 shares, compared to its average volume of 1,892,835. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month 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 firm has a market cap of $22.30 billion, a PE ratio of 19.13, a PEG ratio of 0.92 and a beta of 1.83. The company has a 50 day moving average of $184.00 and a two-hundred day moving average of $172.26.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. Research analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.92%. This is a positive change from Expedia Group's previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, March 6th. Expedia Group's dividend payout ratio is presently 17.68%.

Insider Buying and Selling at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of the 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 sale, the director now directly owns 158,505 shares of the company's stock, valued at $26,912,563.95. This represents a 5.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the sale, 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. Over the last three months, insiders have sold 25,000 shares of company stock valued at $4,577,900. 6.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Argus boosted their target price on Expedia Group from $210.00 to $220.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Benchmark restated a "buy" rating and set a $200.00 target price on shares of Expedia Group in a research report on Tuesday, February 4th. Citigroup boosted their target price on Expedia Group from $200.00 to $217.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. UBS Group reiterated a "neutral" rating on shares of Expedia Group in a report on Tuesday, February 4th. Finally, Hsbc Global Res upgraded Expedia Group from a "hold" rating to a "strong-buy" rating in a report on Friday, February 7th. Nineteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $193.43.

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.