WT Wealth Management Boosts Stake in Expedia Group, Inc. (NASDAQ:EXPE)

WT Wealth Management lifted its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 2.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,938 shares of the online travel company’s stock after purchasing an additional 304 shares during the quarter. WT Wealth Management’s holdings in Expedia Group were worth $2,224,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Handelsbanken Fonder AB boosted its stake in shares of Expedia Group by 17.8% in the fourth quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company’s stock valued at $5,729,000 after buying an additional 4,656 shares in the last quarter. Caprock Group LLC boosted its stake in shares of Expedia Group by 33.7% in the third quarter. Caprock Group LLC now owns 10,191 shares of the online travel company’s stock valued at $1,508,000 after buying an additional 2,569 shares in the last quarter. Teamwork Financial Advisors LLC purchased a new stake in shares of Expedia Group in the fourth quarter valued at approximately $1,791,000. Cozad Asset Management Inc. boosted its stake in shares of Expedia Group by 16.9% in the third quarter. Cozad Asset Management Inc. now owns 30,823 shares of the online travel company’s stock valued at $4,562,000 after buying an additional 4,449 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Expedia Group by 13.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 649,716 shares of the online travel company’s stock worth $96,171,000 after purchasing an additional 75,120 shares during the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the sale, the director now owns 168,505 shares in the company, valued at $31,198,700.75. This represents a 5.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert J. Dzielak sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value of $1,028,500.00. Following the sale, the insider now owns 74,502 shares in the company, valued at $15,325,061.40. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,000 shares of company stock worth $4,577,900. 6.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

EXPE has been the subject of several research reports. The Goldman Sachs Group lifted their price objective on Expedia Group from $208.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Morgan Stanley lifted their price objective on Expedia Group from $180.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of Expedia Group in a report on Tuesday, February 4th. Robert W. Baird started coverage on Expedia Group in a report on Wednesday, November 27th. They issued an “outperform” rating and a $225.00 price target for the company. Finally, Melius raised Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 price objective for the company in a research report on Monday, January 6th. Nineteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $192.64.

Expedia Group Trading Down 0.1 %

NASDAQ:EXPE opened at $199.54 on Thursday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73. The business’s 50-day simple moving average is $186.60 and its 200 day simple moving average is $167.80. The stock has a market cap of $25.71 billion, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 0.92 and a beta of 1.82.

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

Expedia Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors 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 annualized dividend and a dividend yield of 0.80%. Expedia Group’s payout ratio is 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.