Cetera Investment Advisers Sells 200 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Cetera Investment Advisers reduced its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 0.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 22,710 shares of the online travel company’s stock after selling 200 shares during the quarter. Cetera Investment Advisers’ holdings in Expedia Group were worth $4,232,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Norges Bank bought a new stake in shares of Expedia Group in the fourth quarter valued at approximately $670,565,000. Geode Capital Management LLC boosted its stake in shares of Expedia Group by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company’s stock valued at $600,750,000 after buying an additional 30,163 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Expedia Group by 6.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company’s stock valued at $439,808,000 after buying an additional 150,480 shares during the period. Alkeon Capital Management LLC boosted its stake in shares of Expedia Group by 25.4% in the fourth quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company’s stock valued at $368,276,000 after buying an additional 400,000 shares during the period. Finally, Lyrical Asset Management LP boosted its stake in shares of Expedia Group by 1.7% in the fourth quarter. Lyrical Asset Management LP now owns 1,763,489 shares of the online travel company’s stock valued at $328,591,000 after buying an additional 28,736 shares during the period. 90.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EXPE has been the subject of several recent research reports. BMO Capital Markets boosted their price target on Expedia Group from $165.00 to $190.00 and gave the company a “market perform” rating in a research note on Monday, February 10th. B. Riley reiterated a “buy” rating and issued a $235.00 price target (up from $220.00) on shares of Expedia Group in a research note on Friday, February 7th. Susquehanna cut their target price on Expedia Group from $205.00 to $175.00 and set a “neutral” rating for the company in a research note on Monday. JMP Securities restated a “market perform” rating on shares of Expedia Group in a research note on Friday, February 7th. Finally, The Goldman Sachs Group cut their target price on Expedia Group from $219.00 to $183.00 and set a “buy” rating for the company in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.88.

Expedia Group Stock Down 0.1%

Shares of NASDAQ:EXPE opened at $169.22 on Thursday. The firm has a market cap of $21.81 billion, a P/E ratio of 18.70, a P/E/G ratio of 0.92 and a beta of 1.62. 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 12-month low of $107.25 and a 12-month high of $207.73. The business has a fifty day simple moving average of $160.62 and a 200 day simple moving average of $175.82.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.02). The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.21 earnings per share. Analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, May 29th. Expedia Group’s dividend payout ratio is currently 18.87%.

Insider Buying and Selling

In related news, insider Robert J. Dzielak sold 5,000 shares of the firm’s 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 completion of the transaction, the insider now directly owns 74,502 shares of the company’s stock, valued at $15,325,061.40. This trade represents a 6.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 6.80% of the stock is owned by corporate insiders.

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.