Renaissance Technologies LLC grew its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 49.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 184,893 shares of the online travel company's stock after purchasing an additional 60,800 shares during the period. Renaissance Technologies LLC owned about 0.14% of Expedia Group worth $34,451,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its position in shares of Expedia Group by 11.8% during 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 shares of 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 valued at $1,548,000 after purchasing an additional 252 shares during the period. Orion Portfolio Solutions LLC raised its holdings in shares of Expedia Group by 22.8% during the third quarter. Orion Portfolio Solutions LLC now owns 11,827 shares of the online travel company's stock valued at $1,751,000 after purchasing an additional 2,199 shares during the period. MML Investors Services LLC boosted its position in shares of Expedia Group by 8.0% during the 3rd quarter. MML Investors Services LLC now owns 11,508 shares of the online travel company's stock worth $1,703,000 after purchasing an additional 849 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Expedia Group by 0.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 37,725 shares of the online travel company's stock valued at $5,584,000 after buying an additional 286 shares during the period. Institutional investors and hedge funds own 90.76% of the company's stock.
Expedia Group Price Performance
EXPE stock traded down $0.98 during mid-day trading on Thursday, hitting $151.59. The company had a trading volume of 721,899 shares, compared to its average volume of 2,001,120. The company has a 50-day moving average price of $175.65 and a 200 day moving average price of $174.89. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $207.73. The company has a market capitalization of $19.53 billion, a price-to-earnings ratio of 16.75, a P/E/G ratio of 0.92 and a beta of 1.65. 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 (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. On average, research analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current 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 paid a $0.40 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.60 annualized dividend and a yield of 1.06%. This is an increase from Expedia Group's previous quarterly dividend of $0.34. Expedia Group's dividend payout ratio (DPR) is presently 17.68%.
Analyst Ratings Changes
A number of brokerages have commented on EXPE. Wells Fargo & Company set a $143.00 price objective on Expedia Group and gave the stock an "equal weight" rating in a report on Monday, April 7th. Truist Financial upped their target price on shares of Expedia Group from $163.00 to $175.00 and gave the stock a "hold" rating in a research note on Wednesday, March 12th. Hsbc Global Res raised shares of Expedia Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 7th. Melius Research raised Expedia Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Finally, Citigroup increased their price target on shares of Expedia Group from $200.00 to $217.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Nineteen investment 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $190.18.
Read Our Latest Stock Analysis on Expedia Group
Insider Buying and Selling at Expedia Group
In other news, Director Dara Khosrowshahi sold 10,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director now owns 158,505 shares of the company's stock, valued at approximately $26,912,563.95. This represents a 5.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert J. Dzielak sold 5,000 shares of Expedia Group 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 transaction, 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. Company insiders own 6.80% of the company's stock.
Expedia Group Profile
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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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