iA Global Asset Management Inc. Purchases 5,558 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

iA Global Asset Management Inc. increased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 75.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,948 shares of the online travel company’s stock after purchasing an additional 5,558 shares during the period. iA Global Asset Management Inc.’s holdings in Expedia Group were worth $2,413,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SRH Advisors LLC bought a new stake in Expedia Group in the 4th quarter valued at $28,000. Grove Bank & Trust increased its holdings in Expedia Group by 676.2% in the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock valued at $30,000 after acquiring an additional 142 shares during the last quarter. Brooklyn Investment Group bought a new stake in Expedia Group in the 3rd quarter valued at $51,000. EverSource Wealth Advisors LLC increased its holdings in Expedia Group by 75.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company’s stock valued at $51,000 after acquiring an additional 117 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in Expedia Group in the 4th quarter valued at $72,000. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Trading Up 0.4 %

NASDAQ:EXPE opened at $173.81 on Friday. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73. 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 firm has a market cap of $22.40 billion, a P/E ratio of 19.21, a P/E/G ratio of 0.92 and a beta of 1.83. The firm has a 50-day simple moving average of $183.68 and a 200-day simple moving average of $172.51.

Expedia Group (NASDAQ:EXPE) last posted 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 net margin of 9.01% and a return on equity of 52.41%. Equities analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal 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 paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, March 6th. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34. Expedia Group’s payout ratio is 17.68%.

Insider Buying and Selling

In related news, Director Dara Khosrowshahi sold 10,000 shares of the business’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 completion of the transaction, the director now owns 168,505 shares in the company, valued at $31,198,700.75. The trade was a 5.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 approximately $15,325,061.40. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock worth $4,577,900 in the last 90 days. 6.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Argus lifted their price objective on shares of Expedia Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. UBS Group reissued a “neutral” rating on shares of Expedia Group in a research note on Tuesday, February 4th. Morgan Stanley lifted their price objective 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. Barclays lifted their price objective on shares of Expedia Group from $166.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Finally, BMO Capital Markets lifted their price objective on shares of Expedia Group from $165.00 to $190.00 and gave the stock a “market perform” rating in a research note on Monday, February 10th. Nineteen research 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $193.43.

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.