Quinn Opportunity Partners LLC bought a new position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 118,538 shares of the online travel company's stock, valued at approximately $22,087,000. Expedia Group accounts for 1.5% of Quinn Opportunity Partners LLC's portfolio, making the stock its 10th largest position. Quinn Opportunity Partners LLC owned approximately 0.09% of Expedia Group at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in EXPE. Janus Henderson Group PLC lifted its stake in shares of Expedia Group by 3.6% in the third quarter. Janus Henderson Group PLC now owns 19,132 shares of the online travel company's stock valued at $2,831,000 after purchasing an additional 663 shares during the period. Integrated Wealth Concepts LLC increased its stake in Expedia Group by 11.8% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,305 shares of the online travel company's stock valued at $341,000 after purchasing an additional 244 shares in the last quarter. Wellington Management Group LLP raised its holdings in Expedia Group by 2.5% during the third quarter. Wellington Management Group LLP now owns 10,460 shares of the online travel company's stock worth $1,548,000 after purchasing an additional 252 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its position in Expedia Group by 165.6% during the third quarter. Kovitz Investment Group Partners LLC now owns 4,860 shares of the online travel company's stock worth $719,000 after purchasing an additional 3,030 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in Expedia Group by 32.7% in the third quarter. National Bank of Canada FI now owns 57,465 shares of the online travel company's stock valued at $8,506,000 after purchasing an additional 14,157 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on EXPE. Barclays lifted their target price on shares of Expedia Group from $166.00 to $187.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Wells Fargo & Company set a $143.00 target price on Expedia Group and gave the company an "equal weight" rating in a research note on Monday, April 7th. Melius raised Expedia Group from a "hold" rating to a "buy" rating and set a $220.00 price target for the company in a research report on Monday, January 6th. The Goldman Sachs Group upped their price objective on Expedia Group from $208.00 to $236.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Finally, Bank of America upgraded Expedia Group from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $187.00 to $221.00 in a research report on Wednesday, December 18th. Nineteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $191.43.
View Our Latest Stock Report on EXPE
Expedia Group Stock Up 0.4 %
Shares of Expedia Group stock traded up $0.62 during trading on Wednesday, reaching $152.21. The company had a trading volume of 1,118,432 shares, compared to its average volume of 2,314,992. The company has a market cap of $19.61 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 0.92 and a beta of 1.65. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $207.73. The firm's fifty day moving average is $176.64 and its 200-day moving average is $175.04. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72.
Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data 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 return on equity of 52.41% and a net margin of 9.01%. On average, analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current year.
Expedia Group Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.60 annualized dividend and a yield of 1.05%. This is an increase from Expedia Group's previous quarterly dividend of $0.34. Expedia Group's payout ratio is presently 17.68%.
Insider Transactions at Expedia Group
In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total value of $1,028,500.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $169.79, for a total value 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. This trade represents a 5.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.80% of the company's stock.
Expedia Group Company Profile
(
Free Report)
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.
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