Wealth Advisors of Tampa Bay LLC Decreases Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Wealth Advisors of Tampa Bay LLC lowered its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 90.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,305 shares of the online travel company's stock after selling 12,777 shares during the period. Wealth Advisors of Tampa Bay LLC's holdings in Expedia Group were worth $243,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SRH Advisors LLC bought a new stake in Expedia Group during the 4th quarter valued at $28,000. Sava Infond d.o.o. acquired a new position in Expedia Group during the 4th quarter valued at about $28,000. Grove Bank & Trust increased its holdings in Expedia Group by 676.2% during the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company's stock worth $30,000 after purchasing an additional 142 shares in the last quarter. Prudent Man Investment Management Inc. purchased a new position in shares of Expedia Group during the fourth quarter valued at approximately $34,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Expedia Group by 75.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company's stock valued at $51,000 after buying an additional 117 shares during the last quarter. Institutional investors own 90.76% of the company's stock.

Analysts Set New Price Targets

EXPE has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Expedia Group from $205.00 to $170.00 and set a "neutral" rating for the company in a research note on Tuesday. BMO Capital Markets lifted their price target on Expedia Group from $165.00 to $190.00 and gave the stock a "market perform" rating in a report on Monday, February 10th. Bank of America upgraded Expedia Group from a "neutral" rating to a "buy" rating and upped their price objective for the company from $187.00 to $221.00 in a research note on Wednesday, December 18th. DA Davidson boosted 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. Finally, Barclays increased their price target on Expedia Group from $166.00 to $187.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. Nineteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $191.43.

Insider Activity

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the business's stock in a transaction 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 of the company's stock, valued at approximately $15,325,061.40. The trade was a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated 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 completion of the transaction, the director now directly 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 disclosure for this sale can be found here. Company insiders own 6.80% of the company's stock.

Expedia Group Stock Up 14.1 %

EXPE traded up $19.29 on Wednesday, hitting $155.92. The company had a trading volume of 1,458,177 shares, compared to its average volume of 1,976,657. The stock has a fifty day simple moving average of $178.63 and a 200-day simple moving average of $174.94. 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 $20.09 billion, a P/E ratio of 17.17, a P/E/G ratio of 0.92 and a beta of 1.65. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued 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 return on equity of 52.41% and a net margin of 9.01%. As a group, equities analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current fiscal 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. This is an increase from Expedia Group's previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.03%. Expedia Group's dividend payout ratio (DPR) is currently 17.68%.

Expedia Group Company 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.