Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Tobam

Tobam cut its position in Expedia Group, Inc. (NASDAQ:EXPE) by 91.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,058 shares of the online travel company’s stock after selling 11,944 shares during the period. Tobam’s holdings in Expedia Group were worth $197,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Windacre Partnership LLC boosted its position in Expedia Group by 49.5% in the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock valued at $639,994,000 after buying an additional 1,431,500 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Expedia Group by 22.5% during the 3rd quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock valued at $481,170,000 after acquiring an additional 596,510 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Expedia Group by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,197,927 shares of the online travel company’s stock valued at $472,212,000 after acquiring an additional 20,005 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Expedia Group by 9.4% in the third quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock worth $250,078,000 after acquiring an additional 144,579 shares during the period. Finally, Alkeon Capital Management LLC raised its holdings in shares of Expedia Group by 46.3% during the third quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock worth $233,349,000 after purchasing an additional 498,934 shares during the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were 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 of the company’s stock, valued at approximately $26,912,563.95. This represents a 5.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $180.00, for a total transaction of $351,180.00. Following the sale, the insider now owns 85,250 shares of the company’s stock, valued at $15,345,000. This trade represents a 2.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,951 shares of company stock valued at $5,174,510 in the last ninety days. 6.80% of the stock is currently owned by company insiders.

Expedia Group Trading Up 17.3 %

EXPE opened at $202.37 on Friday. The business’s 50-day simple moving average is $182.07 and its 200-day simple moving average is $159.92. The company has a market cap of $25.97 billion, a P/E ratio of 26.05, a PEG ratio of 0.77 and a beta of 1.82. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $205.12. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a net margin of 7.97% and a return on equity of 49.25%. As a group, equities research analysts expect that Expedia Group, Inc. will post 8.76 EPS for the current fiscal year.

Expedia Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued 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 0.79%. The ex-dividend date of this dividend is Thursday, March 6th.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on EXPE shares. B. Riley reaffirmed a “buy” rating and issued a $235.00 price target (up from $220.00) on shares of Expedia Group in a report on Friday. Morgan Stanley upped their target price on Expedia Group from $180.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. HSBC raised Expedia Group from a “hold” rating to a “buy” rating and set a $215.00 price target for the company in a report on Friday. BTIG Research raised their price objective on shares of Expedia Group from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, UBS Group boosted their target price on shares of Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Nineteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $187.93.

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.