29,663 Shares in Expedia Group, Inc. (NASDAQ:EXPE) Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC acquired a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 29,663 shares of the online travel company’s stock, valued at approximately $5,527,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. SRH Advisors LLC purchased a new position in Expedia Group during the fourth quarter valued at $28,000. Grove Bank & Trust boosted its holdings in shares of Expedia Group by 676.2% during the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock valued at $30,000 after purchasing an additional 142 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after purchasing an additional 291 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Expedia Group during the third quarter valued at about $51,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Expedia Group in the fourth quarter worth about $72,000. Institutional investors own 90.76% of the company’s stock.

Insider Activity

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the sale, the director now owns 168,505 shares of the company’s stock, valued at approximately $31,198,700.75. This trade represents a 5.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 5,000 shares of Expedia Group stock in a transaction on 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. This represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,000 shares of company stock worth $4,577,900. 6.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EXPE. DA Davidson increased their price target on Expedia Group from $190.00 to $205.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Baird R W upgraded Expedia Group to a “strong-buy” rating in a research report on Wednesday, November 27th. Melius raised shares of Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 target price for the company in a report on Monday, January 6th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $210.00 price target (up previously from $180.00) on shares of Expedia Group in a research note on Friday, February 7th. Finally, Susquehanna lifted their price objective on shares of Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Nineteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.64.

Expedia Group Trading Down 0.1 %

EXPE opened at $199.54 on Thursday. 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 stock’s fifty day moving average is $186.60 and its two-hundred day moving average is $167.80. The company has a market capitalization of $25.71 billion, a P/E ratio of 22.05, a PEG ratio of 0.92 and a beta of 1.82. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $207.73.

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

Expedia Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.40 per share. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 0.80%. Expedia Group’s dividend payout ratio (DPR) is 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.