Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd decreased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 808,600 shares of the online travel company’s stock after selling 8,992 shares during the period. AustralianSuper Pty Ltd’s holdings in Expedia Group were worth $150,666,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. New York State Teachers Retirement System raised its holdings in Expedia Group by 1.1% during the fourth quarter. New York State Teachers Retirement System now owns 114,319 shares of the online travel company’s stock worth $21,301,000 after purchasing an additional 1,279 shares in the last quarter. CFC Planning Co LLC purchased a new position in Expedia Group during the fourth quarter worth about $539,000. Compagnie Lombard Odier SCmA raised its holdings in Expedia Group by 581.3% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,090 shares of the online travel company’s stock worth $203,000 after purchasing an additional 930 shares in the last quarter. Ingalls & Snyder LLC increased its holdings in Expedia Group by 0.4% in the fourth quarter. Ingalls & Snyder LLC now owns 141,528 shares of the online travel company’s stock valued at $26,371,000 after buying an additional 603 shares in the last quarter. Finally, Certuity LLC purchased a new position in Expedia Group in the fourth quarter valued at about $342,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insider Transactions at Expedia Group

In other news, insider Robert J. Dzielak sold 1,951 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the completion of the sale, the insider now owns 85,250 shares of the company’s stock, valued at approximately $15,345,000. The trade was a 2.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,951 shares of company stock valued at $3,900,580. Insiders own 6.80% of the company’s stock.

Expedia Group Stock Performance

Expedia Group stock opened at $202.38 on Friday. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $207.73. The company has a market capitalization of $25.98 billion, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 0.82 and a beta of 1.82. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. The firm’s fifty day moving average price is $183.58 and its 200 day moving average price is $162.44.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results 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 55.42% and a net margin of 9.01%. On average, research analysts forecast that Expedia Group, Inc. will post 10.75 EPS for the current fiscal year.

Expedia Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 0.79%. This is an increase from Expedia Group’s previous quarterly dividend of $0.34.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on EXPE shares. Citigroup increased their target price on shares of Expedia Group from $200.00 to $217.00 and gave the company a “neutral” rating in a report on Tuesday. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $210.00 target price (up from $180.00) on shares of Expedia Group in a report on Friday, February 7th. Argus increased their target price on shares of Expedia Group from $210.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. JPMorgan Chase & Co. raised their price objective on shares of Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, JMP Securities reissued a “market perform” rating on shares of Expedia Group in a research note on Friday, February 7th. Nineteen investment 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 company. Based on data from MarketBeat, Expedia Group currently has a consensus rating of “Moderate Buy” and an average target price of $192.64.

About Expedia Group

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.