Cornercap Investment Counsel Inc. Sells 1,443 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Cornercap Investment Counsel Inc. lessened its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 13.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,612 shares of the online travel company’s stock after selling 1,443 shares during the period. Expedia Group comprises 0.6% of Cornercap Investment Counsel Inc.’s holdings, making the stock its 18th largest position. Cornercap Investment Counsel Inc.’s holdings in Expedia Group were worth $1,791,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Expedia Group during the fourth quarter worth about $670,565,000. Windacre Partnership LLC boosted its stake in Expedia Group by 49.5% during the 3rd quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock valued at $639,994,000 after purchasing an additional 1,431,500 shares during the last quarter. Alkeon Capital Management LLC increased its holdings in Expedia Group by 46.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock worth $233,349,000 after purchasing an additional 498,934 shares in the last quarter. KBC Group NV raised its stake in shares of Expedia Group by 326.9% in the fourth quarter. KBC Group NV now owns 293,482 shares of the online travel company’s stock worth $54,685,000 after purchasing an additional 224,732 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Expedia Group by 193.3% in the fourth quarter. Teacher Retirement System of Texas now owns 340,171 shares of the online travel company’s stock valued at $63,384,000 after purchasing an additional 224,182 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Price Performance

EXPE stock opened at $168.10 on Friday. The stock has a market capitalization of $21.66 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 0.92 and a beta of 1.83. The firm’s 50-day moving average price is $182.46 and its two-hundred day moving average price 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 12-month low of $107.25 and a 12-month 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%. As a group, equities 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 announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Thursday, March 6th. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. Expedia Group’s dividend payout ratio is currently 17.68%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. BMO Capital Markets upped their price target on Expedia Group from $165.00 to $190.00 and gave the stock a “market perform” rating in a report on Monday, February 10th. Hsbc Global Res upgraded shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 7th. Wedbush reissued a “neutral” rating and set a $215.00 price target (up from $180.00) on shares of Expedia Group in a research report on Friday, February 7th. The Goldman Sachs Group upped their price objective on shares of Expedia Group from $208.00 to $236.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, JMP Securities reissued a “market perform” rating on shares of Expedia Group in a research report on Friday, February 7th. 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 company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $193.43.

Insider Buying and Selling

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $169.79, for a total value of $1,697,900.00. Following the completion of the sale, the director now directly owns 158,505 shares in the company, valued at $26,912,563.95. This trade represents a 5.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert J. Dzielak sold 5,000 shares of the company’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 value of $1,028,500.00. Following the transaction, the insider now owns 74,502 shares in the company, valued at $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 25,000 shares of company stock valued at $4,577,900 over the last quarter. 6.80% of the stock is owned by company insiders.

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.