Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC cut its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 22.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,691 shares of the online travel company’s stock after selling 477 shares during the quarter. Advisory Services Network LLC’s holdings in Expedia Group were worth $315,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of EXPE. Greenland Capital Management LP acquired a new stake in Expedia Group during the fourth quarter worth about $1,941,000. Abacus FCF Advisors LLC increased its holdings in shares of Expedia Group by 46.0% during the 4th quarter. Abacus FCF Advisors LLC now owns 23,604 shares of the online travel company’s stock worth $4,398,000 after buying an additional 7,440 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Expedia Group by 49.0% during the 4th quarter. Renaissance Technologies LLC now owns 184,893 shares of the online travel company’s stock valued at $34,451,000 after buying an additional 60,800 shares during the period. Bank of Nova Scotia grew its position in Expedia Group by 122.4% in the fourth quarter. Bank of Nova Scotia now owns 16,457 shares of the online travel company’s stock worth $3,066,000 after acquiring an additional 9,056 shares during the period. Finally, Shelton Capital Management increased its stake in Expedia Group by 24.7% during the fourth quarter. Shelton Capital Management now owns 27,304 shares of the online travel company’s stock worth $5,088,000 after acquiring an additional 5,416 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Performance

Shares of Expedia Group stock opened at $151.15 on Friday. The firm’s fifty day simple moving average is $174.61 and its 200-day simple moving average is $174.91. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $207.73. The stock has a market capitalization of $19.48 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 0.92 and a beta of 1.65. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, February 6th. The online travel company reported $1.84 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 forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were paid a $0.40 dividend. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Thursday, March 6th. Expedia Group’s dividend payout ratio (DPR) is 17.68%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on EXPE shares. B. Riley reissued a “buy” rating and set a $235.00 price objective (up from $220.00) on shares of Expedia Group in a research report on Friday, February 7th. The Goldman Sachs Group boosted their price target on shares of Expedia Group from $208.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Citigroup increased their price objective 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. Cantor Fitzgerald reissued a “neutral” rating and issued a $210.00 target price (up previously from $180.00) on shares of Expedia Group in a research report on Friday, February 7th. Finally, Melius Research upgraded Expedia Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Nineteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $190.18.

Insider Activity

In other news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 158,505 shares in the company, valued at $26,912,563.95. The trade was a 5.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert J. Dzielak sold 5,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now 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. 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.