Oppenheimer Asset Management Inc. Sells 103 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Oppenheimer Asset Management Inc. lessened its position in Expedia Group, Inc. (NASDAQ:EXPE) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,681 shares of the online travel company’s stock after selling 103 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Expedia Group were worth $3,295,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. WT Wealth Management lifted its position in Expedia Group by 2.6% in the 4th quarter. WT Wealth Management now owns 11,938 shares of the online travel company’s stock valued at $2,224,000 after acquiring an additional 304 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Expedia Group in the fourth quarter worth $5,527,000. Blackhawk Capital Partners LLC. boosted its position in shares of Expedia Group by 48.4% during the fourth quarter. Blackhawk Capital Partners LLC. now owns 13,396 shares of the online travel company’s stock valued at $2,496,000 after buying an additional 4,368 shares during the last quarter. Impax Asset Management Group plc increased its holdings in Expedia Group by 104.7% in the 4th quarter. Impax Asset Management Group plc now owns 40,756 shares of the online travel company’s stock worth $7,594,000 after buying an additional 20,844 shares in the last quarter. Finally, IFP Advisors Inc raised its position in Expedia Group by 6.8% in the 4th quarter. IFP Advisors Inc now owns 2,139 shares of the online travel company’s stock worth $398,000 after buying an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Price Performance

Shares of Expedia Group stock opened at $197.96 on Friday. The stock has a market cap of $25.51 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 0.92 and a beta of 1.82. 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 stock has a 50 day moving average price of $187.15 and a 200-day moving average price of $168.74. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data 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%. Equities analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a $0.40 dividend. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, March 6th. Expedia Group’s dividend payout ratio is 17.68%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Benchmark restated a “buy” rating and set a $200.00 target price on shares of Expedia Group in a research note on Tuesday, February 4th. HSBC upgraded shares of Expedia Group from a “hold” rating to a “buy” rating and set a $215.00 price objective on the stock in a research report on Friday, February 7th. Argus lifted their target price on shares of Expedia Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. BTIG Research increased their price target on Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft downgraded Expedia Group from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Nineteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, Expedia Group has a consensus rating of “Moderate Buy” and an average target price of $192.64.

Insiders Place Their Bets

In other news, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $15,325,061.40. This represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm’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 value of $1,851,500.00. Following the sale, the director now directly owns 168,505 shares of the company’s stock, valued at $31,198,700.75. This represents a 5.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock valued at $4,577,900 over the last 90 days. Insiders own 6.80% of the company’s stock.

About Expedia Group

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.