21,614 Shares in Expedia Group, Inc. (NASDAQ:EXPE) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE) in the fourth quarter, HoldingsChannel reports. The fund bought 21,614 shares of the online travel company’s stock, valued at approximately $4,027,000.

Several other large investors also recently modified their holdings of the business. Norges Bank acquired a new position in shares of Expedia Group in the 4th quarter valued at approximately $670,565,000. Windacre Partnership LLC boosted its holdings in shares of Expedia Group by 49.5% in the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock valued at $639,994,000 after buying an additional 1,431,500 shares during the period. Alkeon Capital Management LLC increased its position in shares of Expedia Group by 46.3% during the third quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock worth $233,349,000 after acquiring an additional 498,934 shares in the last quarter. KBC Group NV raised its holdings in shares of Expedia Group by 326.9% during the fourth quarter. KBC Group NV now owns 293,482 shares of the online travel company’s stock worth $54,685,000 after acquiring an additional 224,732 shares during the period. Finally, Teacher Retirement System of Texas lifted its position in Expedia Group by 193.3% in 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 acquiring an additional 224,182 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on EXPE shares. Argus lifted their price target on Expedia Group from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Cantor Fitzgerald restated a “neutral” rating and issued a $210.00 target price (up previously from $180.00) on shares of Expedia Group in a research note on Friday, February 7th. Barclays raised their price target 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. Susquehanna boosted their price objective on shares of Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Expedia Group in a research report on Friday, February 7th. Nineteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $193.43.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $168.10 on Friday. The firm has a market cap of $21.66 billion, a P/E ratio of 18.57, a price-to-earnings-growth ratio of 0.92 and a beta of 1.83. The business’s 50 day moving average is $182.46 and its 200-day moving average is $173.86. 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, Inc. has a 1-year low of $107.25 and a 1-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 earnings per share 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 research analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. Expedia Group’s payout ratio is currently 17.68%.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 74,502 shares of the company’s stock, valued at $15,325,061.40. The trade was a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the sale, the director now directly owns 158,505 shares of the company’s stock, valued at $26,912,563.95. This represents a 5.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $4,577,900 in the last quarter. Corporate 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.