Proficio Capital Partners LLC Takes $17.60 Million Position in Expedia Group, Inc. (NASDAQ:EXPE)

Proficio Capital Partners LLC acquired 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 94,469 shares of the online travel company's stock, valued at approximately $17,602,000. Proficio Capital Partners LLC owned approximately 0.07% of Expedia Group at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. SRH Advisors LLC purchased a new position in shares of Expedia Group during the fourth quarter valued at approximately $28,000. Grove Bank & Trust raised its holdings in shares of Expedia Group by 676.2% during the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company's stock valued at $30,000 after purchasing an additional 142 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Expedia Group by 709.8% during the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company's stock valued at $49,000 after purchasing an additional 291 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Expedia Group during the third quarter valued at approximately $51,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Expedia Group during the fourth quarter valued at approximately $72,000. Institutional investors own 90.76% of the company's stock.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the 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 directly owns 74,502 shares in the company, valued at $15,325,061.40. This represents a 6.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the transaction, the director now owns 158,505 shares in the company, valued at approximately $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 90 days. Company insiders own 6.80% of the company's stock.

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Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Baird R W raised shares of Expedia Group to a "strong-buy" rating in a report on Wednesday, November 27th. B. Riley restated 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. UBS Group restated a "neutral" rating on shares of Expedia Group in a research report on Tuesday, February 4th. DA Davidson boosted their target price on shares of Expedia Group from $190.00 to $205.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group boosted their target price on shares of Expedia Group from $208.00 to $236.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Nineteen 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $193.43.

Expedia Group Price Performance

Expedia Group stock traded down $1.20 during mid-day trading on Tuesday, reaching $165.16. 1,868,148 shares of the company's stock traded hands, compared to its average volume of 1,888,103. The company has a market cap of $21.28 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 0.92 and a beta of 1.83. The stock has a 50 day moving average of $184.55 and a two-hundred day moving average of $172.08. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. 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 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 return on equity of 52.41% and a net margin of 9.01%. Equities analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.97%. The ex-dividend date is Thursday, March 6th. This is an increase from Expedia Group's previous quarterly dividend of $0.34. Expedia Group's dividend payout ratio (DPR) is currently 17.68%.

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.