Resona Asset Management Co. Ltd. Makes New $6.74 Million Investment in Expedia Group, Inc. (NASDAQ:EXPE)

Resona Asset Management Co. Ltd. purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 36,155 shares of the online travel company's stock, valued at approximately $6,736,000.

Other institutional investors have also modified their holdings of the company. SRH Advisors LLC acquired a new position in Expedia Group during the 4th quarter worth about $28,000. Sava Infond d.o.o. acquired a new stake in shares of Expedia Group during the fourth quarter worth about $28,000. Grove Bank & Trust boosted its stake in shares of Expedia Group by 676.2% in 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 period. Prudent Man Investment Management Inc. acquired a new position in shares of Expedia Group in the fourth quarter valued at approximately $34,000. Finally, EverSource Wealth Advisors LLC increased its stake in Expedia Group by 75.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company's stock worth $51,000 after buying an additional 117 shares during the period. 90.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Expedia Group

In related news, insider Robert J. Dzielak sold 5,000 shares of Expedia Group 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 sale, the insider now directly owns 74,502 shares in the company, valued at $15,325,061.40. The trade was a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $169.79, for a total value of $1,697,900.00. Following the transaction, the director now directly owns 158,505 shares in the company, valued at $26,912,563.95. This represents a 5.93 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by corporate insiders.

Expedia Group Stock Performance

NASDAQ EXPE traded up $1.01 during trading on Friday, reaching $150.53. The company's stock had a trading volume of 3,123,988 shares, compared to its average volume of 2,005,830. The business's fifty day moving average price is $177.47 and its 200-day moving average price is $175.20. 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 $19.40 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 0.92 and a beta of 1.65. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month high of $207.73.

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 net margin of 9.01% and a return on equity of 52.41%. As a group, analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were given a $0.40 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.60 dividend on an annualized basis 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 Upgrades and Downgrades

Several brokerages have commented on EXPE. Melius Research raised shares of Expedia Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Barclays upped their price target on Expedia Group from $166.00 to $187.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. HSBC upgraded Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 price objective for the company in a research note on Friday, February 7th. 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 note on Friday, February 7th. Finally, StockNews.com upgraded shares of Expedia Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 15th. Nineteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $191.43.

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.