Chung Wu Investment Group LLC Takes Position in Expedia Group, Inc. (NASDAQ:EXPE)

Chung Wu Investment Group LLC bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,300 shares of the online travel company’s stock, valued at approximately $242,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Windacre Partnership LLC lifted its stake 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 period. Pacer Advisors Inc. grew its holdings 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 buying an additional 596,510 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Expedia Group by 0.6% during the third quarter. Geode Capital Management LLC now owns 3,197,927 shares of the online travel company’s stock worth $472,212,000 after buying an additional 20,005 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Expedia Group by 9.4% during 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 buying an additional 144,579 shares in the last quarter. Finally, Alkeon Capital Management LLC grew its stake in Expedia Group by 46.3% in 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 purchasing an additional 498,934 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Stock Up 1.2 %

EXPE opened at $190.99 on Thursday. The stock has a market cap of $24.61 billion, a PE ratio of 21.10, a P/E/G ratio of 0.92 and a beta of 1.82. 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 52 week low of $107.25 and a 52 week high of $207.73. The business’s fifty day simple moving average is $187.25 and its 200 day simple moving average is $170.00.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data 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 return on equity of 52.41% and a net margin of 9.01%. As a group, research analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a $0.40 dividend. The ex-dividend date is Thursday, March 6th. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a yield of 0.84%. Expedia Group’s dividend payout ratio (DPR) is 17.68%.

Wall Street Analysts Forecast Growth

EXPE has been the subject of a number of recent analyst reports. Hsbc Global Res raised Expedia Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 7th. 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, February 7th. Bank of America raised Expedia Group from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $187.00 to $221.00 in a report on Wednesday, December 18th. StockNews.com raised Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 15th. Finally, Susquehanna lifted their price objective on Expedia Group from $190.00 to $205.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Nineteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.64.

Insiders Place Their Bets

In related 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 value of $1,697,900.00. Following the completion of the transaction, the director now directly owns 158,505 shares in the company, valued at $26,912,563.95. The trade was a 5.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the sale, the insider now owns 74,502 shares of the company’s stock, valued at approximately $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. Insiders sold 25,000 shares of company stock worth $4,577,900 over the last three months. Company insiders own 6.80% of the company’s stock.

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.