Cigna Investments Inc. New Makes New Investment in Expedia Group, Inc. (NASDAQ:EXPE)

Cigna Investments Inc. New bought a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the 4th quarter, HoldingsChannel.com reports. The fund bought 1,278 shares of the online travel company’s stock, valued at approximately $238,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Windacre Partnership LLC increased its holdings in 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 buying an additional 1,431,500 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Expedia Group by 22.5% during the 3rd quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock valued at $481,170,000 after acquiring an additional 596,510 shares during the period. Geode Capital Management LLC increased its stake in shares of Expedia Group by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,197,927 shares of the online travel company’s stock worth $472,212,000 after purchasing an additional 20,005 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Expedia Group by 9.4% in the 3rd quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock worth $250,078,000 after purchasing an additional 144,579 shares during the period. Finally, Alkeon Capital Management LLC lifted its stake in Expedia Group by 46.3% in the third quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock valued at $233,349,000 after purchasing an additional 498,934 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Analyst Upgrades and Downgrades

EXPE has been the topic of several research reports. Oppenheimer boosted their target price on Expedia Group from $210.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Benchmark restated a “buy” rating and issued a $200.00 price objective on shares of Expedia Group in a research note on Tuesday, February 4th. Barclays increased their target price on shares of Expedia Group from $166.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Bank of America upgraded shares of Expedia Group from a “neutral” rating to a “buy” rating and upped their price target for the company from $187.00 to $221.00 in a research note on Wednesday, December 18th. Finally, Baird R W upgraded shares of Expedia Group to a “strong-buy” rating in a research note on Wednesday, November 27th. Nineteen analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Expedia Group currently has an average rating of “Moderate Buy” and an average price target of $192.64.

Expedia Group Trading Down 2.9 %

NASDAQ EXPE opened at $197.19 on Wednesday. The stock’s 50-day simple moving average is $182.78 and its two-hundred day simple moving average is $161.36. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month high of $207.73. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $25.31 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 0.82 and a beta of 1.82.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data 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 55.42%. Research analysts forecast that Expedia Group, Inc. will post 10.75 EPS for the current fiscal year.

Expedia Group Increases Dividend

The firm also recently disclosed 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 is a boost from Expedia Group’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.81%.

Insider Buying and Selling

In other news, CAO Lance A. Soliday sold 7,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the completion of the sale, the chief accounting officer now owns 11,187 shares of the company’s stock, valued at approximately $2,035,922.13. This represents a 38.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm’s 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 completion of the transaction, the director now owns 158,505 shares in the company, valued at $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 28,951 shares of company stock worth $5,174,510 in the last 90 days. 6.80% of the stock is owned by company insiders.

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.