Wilson Asset Management International PTY Ltd. Trims Position in Expedia Group, Inc. (NASDAQ:EXPE)

Wilson Asset Management International PTY Ltd. trimmed its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 31.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 55,018 shares of the online travel company's stock after selling 25,737 shares during the period. Expedia Group accounts for approximately 2.7% of Wilson Asset Management International PTY Ltd.'s portfolio, making the stock its 21st largest position. Wilson Asset Management International PTY Ltd.'s holdings in Expedia Group were worth $10,252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in EXPE. Windacre Partnership LLC increased its stake in shares of Expedia Group by 49.5% during the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company's stock worth $639,994,000 after acquiring an additional 1,431,500 shares during the period. Pacer Advisors Inc. increased its stake in shares of Expedia Group by 22.5% during the third quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company's stock worth $481,170,000 after acquiring an additional 596,510 shares during the period. Alkeon Capital Management LLC increased its stake in shares of Expedia Group by 46.3% during the third quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company's stock worth $233,349,000 after acquiring an additional 498,934 shares during the period. KBC Group NV increased its stake in shares of Expedia Group by 326.9% during the fourth quarter. KBC Group NV now owns 293,482 shares of the online travel company's stock worth $54,685,000 after acquiring an additional 224,732 shares during the period. Finally, Fisher Asset Management LLC increased its stake in shares of Expedia Group by 9.4% during the third quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company's stock worth $250,078,000 after acquiring an additional 144,579 shares during the period. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 74,502 shares of the company's stock, valued at $15,325,061.40. This trade represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following 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 disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock valued at $4,577,900 over the last quarter. Company insiders own 6.80% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EXPE. Morgan Stanley boosted their price target on shares of Expedia Group from $180.00 to $185.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Susquehanna upped their target price on shares of Expedia Group from $190.00 to $205.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Bank of America upgraded shares of Expedia Group from a "neutral" rating to a "buy" rating and upped their target price for the stock from $187.00 to $221.00 in a research report on Wednesday, December 18th. 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 report on Friday, February 7th. Finally, Wells Fargo & Company upped their target price on shares of Expedia Group from $168.00 to $199.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Nineteen equities 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 MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $192.64.

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Expedia Group Stock Performance

Shares of EXPE opened at $163.75 on Wednesday. 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 company has a market capitalization of $21.10 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 0.92 and a beta of 1.82. The company's 50 day simple moving average is $186.44 and its 200 day simple moving average is $171.45. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly 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 return on equity of 52.41% and a net margin of 9.01%. On average, sell-side analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 0.98%. This is an increase from Expedia Group's previous quarterly dividend of $0.34. 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.

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