118,538 Shares in Expedia Group, Inc. (NASDAQ:EXPE) Bought by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 118,538 shares of the online travel company’s stock, valued at approximately $22,087,000. Expedia Group makes up approximately 1.5% of Quinn Opportunity Partners LLC’s investment portfolio, making the stock its 10th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Expedia Group in the 4th quarter valued at approximately $670,565,000. KBC Group NV grew its position in 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 acquiring an additional 224,732 shares in the last quarter. Teacher Retirement System of Texas increased its stake 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 worth $63,384,000 after purchasing an additional 224,182 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Expedia Group by 6.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company’s stock worth $439,808,000 after purchasing an additional 150,480 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its holdings in shares of Expedia Group by 1,632.1% during the 4th quarter. Wealthfront Advisers LLC now owns 104,653 shares of the online travel company’s stock valued at $19,500,000 after purchasing an additional 98,611 shares in the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on EXPE. Citigroup increased their target price on shares of Expedia Group from $200.00 to $217.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Truist Financial upped their price target on Expedia Group from $163.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, March 12th. JPMorgan Chase & Co. cut their price objective on Expedia Group from $205.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday. UBS Group restated a “neutral” rating on shares of Expedia Group in a report on Tuesday, February 4th. Finally, Oppenheimer lowered 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. Nineteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $191.43.

Insider Activity

In other news, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were 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 $15,325,061.40. This represents 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 business’s stock in a transaction that occurred on 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 completion of the transaction, the director now 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 disclosure for this sale can be found here. 6.80% of the stock is currently owned by corporate insiders.

Expedia Group Stock Performance

NASDAQ:EXPE opened at $149.52 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $19.27 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 0.92 and a beta of 1.65. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $207.73. The firm has a 50-day moving average price of $177.83 and a 200 day moving average price of $174.98.

Expedia Group (NASDAQ:EXPE) last posted its earnings results 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%. Research analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Thursday, March 6th. This is a boost from Expedia Group’s previous quarterly dividend of $0.34. Expedia Group’s dividend payout ratio is presently 17.68%.

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.