Rockefeller Capital Management L.P. Takes Position in Expedia Group, Inc. (NASDAQ:EXPE)

Rockefeller Capital Management L.P. bought a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 58,770 shares of the online travel company's stock, valued at approximately $10,948,000.

Several other large investors also recently modified their holdings of the business. Norges Bank purchased a new position in shares of Expedia Group during the fourth quarter valued at approximately $670,565,000. Geode Capital Management LLC grew its stake in Expedia Group by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company's stock worth $600,750,000 after purchasing an additional 30,163 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Expedia Group by 6.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company's stock worth $439,808,000 after purchasing an additional 150,480 shares in the last quarter. Lyrical Asset Management LP boosted its holdings in shares of Expedia Group by 1.7% during the 4th quarter. Lyrical Asset Management LP now owns 1,763,489 shares of the online travel company's stock valued at $328,591,000 after buying an additional 28,736 shares in the last quarter. Finally, FMR LLC grew its position in shares of Expedia Group by 6.5% in the 4th quarter. FMR LLC now owns 1,303,532 shares of the online travel company's stock worth $242,887,000 after buying an additional 79,372 shares during the period. 90.76% of the stock is owned by institutional investors.

Insider Transactions at Expedia Group

In other news, 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 value of $1,028,500.00. Following the transaction, the insider now owns 74,502 shares of the company's stock, valued at $15,325,061.40. The trade was a 6.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the sale, the director now directly owns 158,505 shares of the company's stock, valued at $26,912,563.95. The trade was a 5.93 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company's stock.

Expedia Group Trading Down 3.0 %

Shares of NASDAQ:EXPE traded down $4.60 during trading on Monday, reaching $146.55. 188,225 shares of the company were exchanged, compared to its average volume of 2,299,476. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $18.88 billion, a PE ratio of 16.19, a P/E/G ratio of 0.92 and a beta of 1.65. The business's fifty day simple moving average is $173.69 and its 200-day simple moving average is $175.33. 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 issued its earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share 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 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 given a dividend of $0.40 per share. This is an increase from Expedia Group's previous quarterly dividend of $0.34. The ex-dividend date was Thursday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 1.09%. Expedia Group's dividend payout ratio (DPR) is 17.68%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EXPE. Hsbc Global Res raised Expedia Group from a "hold" rating to a "strong-buy" rating in a report on Friday, February 7th. Melius Research upgraded shares of Expedia Group from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Morgan Stanley lowered their price target on Expedia Group from $190.00 to $150.00 and set an "equal weight" rating on the stock in a report on Thursday. Oppenheimer reduced their price objective on Expedia Group from $235.00 to $230.00 and set an "outperform" rating for the company in a research report on Monday, March 17th. Finally, Wedbush reaffirmed a "neutral" rating on shares of Expedia Group in a research report on Tuesday, April 15th. Nineteen equities 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 stock. According to data from MarketBeat.com, Expedia Group has a consensus rating of "Moderate Buy" and a consensus target price of $190.18.

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.