Wealthfront Advisers LLC Acquires 98,611 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Wealthfront Advisers LLC increased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 1,632.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 104,653 shares of the online travel company's stock after buying an additional 98,611 shares during the quarter. Wealthfront Advisers LLC owned 0.08% of Expedia Group worth $19,500,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Clare Market Investments LLC bought a new position in Expedia Group during the fourth quarter valued at about $319,000. Independent Advisor Alliance boosted its stake in shares of Expedia Group by 26.5% during the 4th quarter. Independent Advisor Alliance now owns 2,370 shares of the online travel company's stock valued at $442,000 after purchasing an additional 497 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Expedia Group by 5.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 18,236 shares of the online travel company's stock worth $3,398,000 after acquiring an additional 926 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Expedia Group by 16.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,188 shares of the online travel company's stock worth $6,184,000 after acquiring an additional 4,705 shares during the period. Finally, Simplicity Wealth LLC purchased a new stake in Expedia Group during the fourth quarter valued at approximately $244,000. Institutional investors and hedge funds own 90.76% of the company's stock.

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 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 in the company, valued at approximately $26,912,563.95. This represents a 5.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert J. Dzielak sold 5,000 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $15,325,061.40. This trade represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,000 shares of company stock valued at $4,577,900. Company insiders own 6.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Baird R W upgraded shares of Expedia Group to a "strong-buy" rating in a research report on Wednesday, November 27th. UBS Group reissued a "neutral" rating on shares of Expedia Group in a report on Tuesday, February 4th. Oppenheimer raised their price target on shares of Expedia Group from $210.00 to $235.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Melius upgraded Expedia Group from a "hold" rating to a "buy" rating and set a $220.00 price target on the stock in a report on Monday, January 6th. Finally, 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. Nineteen research 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 data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $192.64.

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Expedia Group Price Performance

Shares of EXPE stock opened at $163.75 on Wednesday. The firm has a market cap of $21.10 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 0.92 and a beta of 1.82. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73. The stock's fifty day simple moving average is $186.44 and its 200 day simple moving average is $171.45. 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 (NASDAQ:EXPE - Get Free Report) last released its earnings results 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, analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, March 6th. This is an increase from Expedia Group's previous quarterly dividend of $0.34. Expedia Group's payout ratio is presently 17.68%.

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.

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