Beacon Pointe Advisors LLC Acquires 142 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Beacon Pointe Advisors LLC boosted its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 0.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 40,230 shares of the online travel company’s stock after acquiring an additional 142 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Expedia Group were worth $7,496,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EXPE. Norges Bank bought a new position in shares of Expedia Group during the fourth quarter valued at about $670,565,000. Bridgewater Associates LP grew its stake in shares of Expedia Group by 73.4% in the fourth quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company’s stock worth $159,175,000 after purchasing an additional 361,543 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Expedia Group in the fourth quarter worth about $58,367,000. Natixis grew its stake in shares of Expedia Group by 9,987.1% in the fourth quarter. Natixis now owns 302,614 shares of the online travel company’s stock worth $56,386,000 after purchasing an additional 299,614 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Expedia Group by 245.0% in the fourth quarter. First Trust Advisors LP now owns 366,414 shares of the online travel company’s stock worth $68,274,000 after purchasing an additional 260,197 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on EXPE shares. StockNews.com raised Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 15th. Wedbush reissued a “neutral” rating on shares of Expedia Group in a research note on Tuesday, April 15th. Piper Sandler cut their target price on Expedia Group from $210.00 to $174.00 and set a “neutral” rating on the stock in a research note on Monday. Truist Financial lifted their price objective on Expedia Group from $163.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday, March 12th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Expedia Group in a research report on Friday, February 7th. Nineteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $191.89.

Insider Buying and Selling at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was 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 represents a 5.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were 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 in the company, valued at $15,325,061.40. The trade was 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.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $161.24 on Tuesday. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month high of $207.73. The firm has a market cap of $20.78 billion, a P/E ratio of 17.82, a PEG ratio of 0.92 and a beta of 1.65. The company has a 50 day moving average of $168.01 and a 200 day moving average of $175.53. 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 (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates 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 expect that Expedia Group, Inc. will post 12.28 EPS for the current fiscal 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 dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, March 6th. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. Expedia Group’s payout ratio is currently 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.