UniSuper Management Pty Ltd Decreases Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

UniSuper Management Pty Ltd lowered its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 33.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,752 shares of the online travel company's stock after selling 7,030 shares during the period. UniSuper Management Pty Ltd's holdings in Expedia Group were worth $2,562,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in EXPE. SRH Advisors LLC bought a new stake in Expedia Group during the fourth quarter worth $28,000. Sava Infond d.o.o. bought a new stake in shares of Expedia Group during the 4th quarter worth $28,000. Grove Bank & Trust raised its stake in Expedia Group by 676.2% during the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company's stock worth $30,000 after acquiring an additional 142 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Expedia Group by 75.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company's stock valued at $51,000 after purchasing an additional 117 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in Expedia Group during the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds own 90.76% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on EXPE shares. DA Davidson upped their price target on shares of Expedia Group from $190.00 to $205.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Bank of America upgraded shares of Expedia Group from a "neutral" rating to a "buy" rating and raised their price objective for the company from $187.00 to $221.00 in a report on Wednesday, December 18th. Wells Fargo & Company boosted their price objective on shares of Expedia Group from $168.00 to $199.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. Truist Financial lifted their target price on Expedia Group from $163.00 to $175.00 and gave the stock a "hold" rating in a report on Wednesday, March 12th. Finally, B. Riley restated a "buy" rating and set a $235.00 price objective (up from $220.00) on shares of Expedia Group in a research report on Friday, February 7th. Nineteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $193.43.

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Expedia Group Stock Performance

Shares of NASDAQ:EXPE traded down $0.48 during trading on Wednesday, hitting $167.22. 1,365,960 shares of the company were exchanged, compared to its average volume of 1,942,748. 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 52-week low of $107.25 and a 52-week high of $207.73. The company has a market cap of $21.55 billion, a PE ratio of 18.48, a P/E/G ratio of 0.92 and a beta of 1.83. The stock has a 50 day moving average of $181.80 and a 200 day moving average of $174.94.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share 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, equities research analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The firm 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Thursday, March 6th. This is an increase from Expedia Group's previous quarterly dividend of $0.34. Expedia Group's dividend payout ratio (DPR) is 17.68%.

Insider Activity at Expedia Group

In other news, insider Robert J. Dzielak sold 5,000 shares of the firm's stock in a transaction 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 sale, the insider now owns 74,502 shares in the company, valued at approximately $15,325,061.40. This trade represents a 6.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm's stock in a transaction dated 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 sale, the director now owns 158,505 shares in the company, 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. Over the last quarter, insiders sold 25,000 shares of company stock valued at $4,577,900. Company insiders own 6.80% of the company's stock.

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.