QRG Capital Management Inc. Buys New Position in Expedia Group, Inc. (NASDAQ:EXPE)

QRG Capital Management Inc. purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,886 shares of the online travel company's stock, valued at approximately $351,000.

A number of other large investors have also made changes to their positions in EXPE. SRH Advisors LLC purchased a new position in shares of Expedia Group in the 4th quarter valued at about $28,000. Grove Bank & Trust increased its holdings in shares of Expedia Group by 676.2% in the 4th 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 in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Expedia Group by 709.8% in the 3rd 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 in the last quarter. Brooklyn Investment Group purchased a new position in shares of Expedia Group in the 3rd quarter valued at about $51,000. Finally, Golden State Wealth Management LLC purchased a new position in Expedia Group during the 4th quarter valued at about $72,000. Hedge funds and other institutional investors own 90.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EXPE shares. Bank of America upgraded shares of Expedia Group from a "neutral" rating to a "buy" rating and raised their target price for the company from $187.00 to $221.00 in a report on Wednesday, December 18th. StockNews.com upgraded shares of Expedia Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 15th. Baird R W upgraded shares of Expedia Group to a "strong-buy" rating in a report on Wednesday, November 27th. Wells Fargo & Company raised their target price on shares of Expedia Group from $168.00 to $199.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Finally, UBS Group restated a "neutral" rating on shares of Expedia Group in a report on Tuesday, February 4th. Nineteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $192.64.

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Expedia Group Stock Up 0.1 %

EXPE traded up $0.26 during trading on Friday, hitting $184.33. The company had a trading volume of 2,258,916 shares, compared to its average volume of 1,872,114. The company has a market cap of $23.75 billion, a PE ratio of 20.37, a P/E/G ratio of 0.92 and a beta of 1.83. The business has a 50-day moving average of $187.09 and a 200-day moving average of $170.70. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. Expedia Group, Inc. has a 1-year low of $107.25 and a 1-year 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 earnings per share (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%. As a group, analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. This is a boost 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 17.68%.

Insiders Place Their Bets

In other news, insider Robert J. Dzielak sold 5,000 shares of the company'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 completion of the transaction, the insider now owns 74,502 shares in the company, valued at approximately $15,325,061.40. This represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the transaction, the director now owns 168,505 shares of the company's stock, valued at $31,198,700.75. This represents a 5.60 % decrease in their position. 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. Company insiders own 6.80% of the company's stock.

Expedia Group Company 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.