Heron Bay Capital Management Increases Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Heron Bay Capital Management boosted its position in Expedia Group, Inc. (NASDAQ:EXPE) by 9.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,009 shares of the online travel company’s stock after purchasing an additional 174 shares during the quarter. Heron Bay Capital Management’s holdings in Expedia Group were worth $374,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in EXPE. KLP Kapitalforvaltning AS bought a new position in shares of Expedia Group during the fourth quarter valued at $9,902,000. Mizuho Securities USA LLC boosted its position in Expedia Group by 44.0% in the fourth quarter. Mizuho Securities USA LLC now owns 11,641 shares of the online travel company’s stock worth $2,169,000 after purchasing an additional 3,558 shares during the last quarter. Northwest & Ethical Investments L.P. purchased a new position in Expedia Group in the fourth quarter worth about $130,000. iA Global Asset Management Inc. lifted its position in shares of Expedia Group by 75.2% during the 4th quarter. iA Global Asset Management Inc. now owns 12,948 shares of the online travel company’s stock valued at $2,413,000 after buying an additional 5,558 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its position in shares of Expedia Group by 193.3% during the 4th quarter. Teacher Retirement System of Texas now owns 340,171 shares of the online travel company’s stock valued at $63,384,000 after buying an additional 224,182 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

Expedia Group Trading Up 0.4 %

Shares of NASDAQ:EXPE opened at $173.81 on Friday. The stock has a market capitalization of $22.40 billion, a PE ratio of 19.21, a P/E/G ratio of 0.92 and a beta of 1.83. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $207.73. The firm has a fifty day moving average price of $183.68 and a 200 day moving average price of $172.76. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data 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 return on equity of 52.41% and a net margin of 9.01%. Analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. This is a boost from Expedia Group’s previous quarterly dividend of $0.34. The ex-dividend date is Thursday, March 6th. Expedia Group’s dividend payout ratio is 17.68%.

Wall Street Analysts Forecast Growth

EXPE has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on Expedia Group from $168.00 to $199.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Oppenheimer decreased their price target on Expedia Group from $235.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, March 17th. Citigroup upped their price objective on Expedia Group from $200.00 to $217.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. The Goldman Sachs Group upped their price objective on Expedia Group from $208.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Robert W. Baird initiated coverage on Expedia Group in a research report on Wednesday, November 27th. They set an “outperform” rating and a $225.00 price target on the stock. Nineteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $193.43.

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 Monday, February 3rd. The shares were sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the completion of the sale, the director now owns 158,505 shares of the company’s stock, valued at approximately $26,912,563.95. This trade represents a 5.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert J. Dzielak sold 5,000 shares of the firm’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 sale, the insider now directly owns 74,502 shares of the company’s stock, valued at approximately $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 sold 25,000 shares of company stock worth $4,577,900. Company insiders own 6.80% of the company’s stock.

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.