74,346 Shares in Expedia Group, Inc. (NASDAQ:EXPE) Acquired by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC purchased a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the 4th quarter, Holdings Channel.com reports. The fund purchased 74,346 shares of the online travel company’s stock, valued at approximately $13,853,000.

A number of other hedge funds have also modified their holdings of EXPE. Windacre Partnership LLC grew its holdings in Expedia Group by 49.5% during the 3rd 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 in the last quarter. Pacer Advisors Inc. boosted its position in shares of Expedia Group by 22.5% during the third quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock worth $481,170,000 after acquiring an additional 596,510 shares during the last quarter. Alkeon Capital Management LLC grew its stake in 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 valued at $233,349,000 after acquiring an additional 498,934 shares in the last quarter. KBC Group NV increased its holdings in Expedia Group by 326.9% in the 4th quarter. KBC Group NV now owns 293,482 shares of the online travel company’s stock valued at $54,685,000 after acquiring an additional 224,732 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Expedia Group by 9.4% in the 3rd quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock worth $250,078,000 after purchasing an additional 144,579 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Insider Activity at Expedia Group

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 158,505 shares of the company’s stock, valued at approximately $26,912,563.95. The trade was a 5.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert J. Dzielak sold 1,951 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total transaction of $351,180.00. Following the transaction, the insider now owns 85,250 shares in the company, valued at $15,345,000. The trade was a 2.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,951 shares of company stock valued at $3,900,580 in the last ninety days. Corporate insiders own 6.80% of the company’s stock.

Expedia Group Stock Down 0.4 %

NASDAQ:EXPE opened at $202.38 on Friday. The company’s 50-day simple moving average is $183.82 and its 200-day simple moving average is $162.95. 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, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $207.73. The stock has a market capitalization of $25.98 billion, a P/E ratio of 22.36, a P/E/G ratio of 0.82 and a beta of 1.82.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, February 6th. The online travel company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 55.42%. On average, equities analysts anticipate that Expedia Group, Inc. will post 10.75 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.79%. 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.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on EXPE shares. The Goldman Sachs Group raised their price objective on Expedia Group from $208.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, January 10th. DA Davidson raised their price target on Expedia Group from $190.00 to $205.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Wedbush reaffirmed a “neutral” rating and set a $215.00 price objective (up from $180.00) on shares of Expedia Group in a report on Friday, February 7th. Bank of America upgraded Expedia Group from a “neutral” rating to a “buy” rating and increased their target price for the company from $187.00 to $221.00 in a research report on Wednesday, December 18th. Finally, BMO Capital Markets boosted their price target on shares of Expedia Group from $165.00 to $190.00 and gave the stock a “market perform” rating in a research report on Monday, February 10th. Nineteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $192.64.

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.