Investment House LLC Trims Position in Expedia Group, Inc. (NASDAQ:EXPE)

Investment House LLC lessened its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 0.3% during the 4th quarter, Holdings Channel reports. The fund owned 34,052 shares of the online travel company’s stock after selling 118 shares during the quarter. Investment House LLC’s holdings in Expedia Group were worth $6,345,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. OneDigital Investment Advisors LLC raised its holdings in Expedia Group by 16.7% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,485 shares of the online travel company’s stock valued at $368,000 after buying an additional 356 shares during the period. CIBC Asset Management Inc raised its holdings in Expedia Group by 6.8% in the 3rd quarter. CIBC Asset Management Inc now owns 18,355 shares of the online travel company’s stock valued at $2,717,000 after buying an additional 1,163 shares during the period. Natixis Advisors LLC raised its holdings in Expedia Group by 21.3% in the 3rd quarter. Natixis Advisors LLC now owns 80,869 shares of the online travel company’s stock valued at $11,971,000 after buying an additional 14,177 shares during the period. Quest Partners LLC purchased a new stake in Expedia Group in the 3rd quarter valued at about $245,000. Finally, LMR Partners LLP raised its holdings in Expedia Group by 26.2% in the 3rd quarter. LMR Partners LLP now owns 2,270 shares of the online travel company’s stock valued at $336,000 after buying an additional 471 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Insider Activity at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the transaction, the director now directly owns 168,505 shares in the company, valued at approximately $31,198,700.75. This trade represents a 5.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert J. Dzielak sold 5,000 shares of Expedia Group stock in a transaction 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 completion of the transaction, the insider now directly owns 74,502 shares in the company, valued at $15,325,061.40. The trade was a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock valued at $4,577,900 over the last three months. 6.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EXPE. UBS Group restated a “neutral” rating on shares of Expedia Group in a report on Tuesday, February 4th. JMP Securities restated a “market perform” rating on shares of Expedia Group in a report on Friday, February 7th. 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 report on Friday, February 7th. Benchmark reaffirmed a “buy” rating and issued a $200.00 target price on shares of Expedia Group in a research report on Tuesday, February 4th. Finally, Melius Research raised Expedia Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Nineteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $193.43.

Expedia Group Stock Performance

Shares of EXPE opened at $165.16 on Wednesday. The stock has a 50 day moving average price of $184.20 and a 200 day moving average price of $172.26. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. The company has a market capitalization of $21.28 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 0.92 and a beta of 1.83. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $207.73.

Expedia Group (NASDAQ:EXPE) last announced its quarterly 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%. Research analysts predict that Expedia Group, Inc. will post 12.28 EPS 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 issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, March 6th. Expedia Group’s dividend payout ratio is 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.