Edmond DE Rothschild Holding S.A. Grows Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Edmond DE Rothschild Holding S.A. boosted its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 3,462.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,425 shares of the online travel company’s stock after buying an additional 1,385 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Expedia Group were worth $266,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EXPE. SRH Advisors LLC purchased a new position in shares of Expedia Group in the fourth quarter valued at approximately $28,000. Sava Infond d.o.o. purchased a new position in Expedia Group in the 4th quarter valued at $28,000. Grove Bank & Trust boosted its stake in Expedia Group by 676.2% during the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock worth $30,000 after purchasing an additional 142 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Expedia Group by 75.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company’s stock worth $51,000 after buying an additional 117 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Expedia Group in the fourth quarter valued at about $72,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Stock Up 0.1 %

Shares of Expedia Group stock opened at $167.85 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $207.73. The company has a market capitalization of $21.63 billion, a P/E ratio of 18.55, a P/E/G ratio of 0.92 and a beta of 1.83. The company has a 50 day moving average of $181.68 and a 200 day moving average of $174.89.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) 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%. As a group, research analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

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

Insider Activity

In related news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on 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 transaction, the director now directly owns 158,505 shares of the company’s stock, valued at $26,912,563.95. This trade represents a 5.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert J. Dzielak sold 5,000 shares of Expedia Group stock in a transaction 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 owns 74,502 shares in the company, valued at $15,325,061.40. This represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on EXPE shares. Bank of America raised shares of Expedia Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $187.00 to $221.00 in a research note on Wednesday, December 18th. Susquehanna upped their price target on Expedia Group from $190.00 to $205.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Truist Financial increased their price target on Expedia Group from $163.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday, March 12th. StockNews.com raised Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 15th. Finally, Melius raised Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 target price for the company in a research note on Monday, January 6th. Nineteen investment 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 MarketBeat.com, Expedia Group has a consensus rating of “Moderate Buy” and an average price target of $193.43.

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.