Diametric Capital LP Raises Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Diametric Capital LP boosted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,737 shares of the online travel company’s stock after purchasing an additional 74 shares during the quarter. Diametric Capital LP’s holdings in Expedia Group were worth $883,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of EXPE. Handelsbanken Fonder AB increased its stake in shares of Expedia Group by 17.8% in the fourth quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company’s stock worth $5,729,000 after buying an additional 4,656 shares during the last quarter. Teamwork Financial Advisors LLC acquired a new position in Expedia Group during the 4th quarter worth $1,791,000. Clare Market Investments LLC bought a new stake in shares of Expedia Group in the 4th quarter worth about $319,000. Nisa Investment Advisors LLC raised its stake in shares of Expedia Group by 17.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 60,003 shares of the online travel company’s stock valued at $11,180,000 after purchasing an additional 9,086 shares in the last quarter. Finally, Cigna Investments Inc. New bought a new position in shares of Expedia Group during the fourth quarter worth about $238,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Price Performance

EXPE opened at $168.10 on Tuesday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $21.66 billion, a PE ratio of 18.57, a P/E/G ratio of 0.92 and a beta of 1.83. The stock’s fifty day moving average is $182.07 and its 200-day moving average is $174.72. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73.

Expedia Group (NASDAQ:EXPE) last issued 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 return on equity of 52.41% and a net margin of 9.01%. On average, equities analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were given a $0.40 dividend. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.60 annualized dividend and a yield of 0.95%. Expedia Group’s payout ratio is 17.68%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. DA Davidson boosted their price objective on Expedia Group from $190.00 to $205.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Melius Research upgraded Expedia Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Morgan Stanley raised their price objective 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. Melius raised shares of Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 price objective for the company in a report on Monday, January 6th. Finally, StockNews.com raised shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 15th. Nineteen research 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 presently has an average rating of “Moderate Buy” and a consensus price target of $193.43.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the sale, the insider now directly owns 74,502 shares of the company’s stock, valued at $15,325,061.40. The trade was a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction 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 owns 158,505 shares of the company’s stock, valued at $26,912,563.95. This trade represents a 5.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,000 shares of company stock valued at $4,577,900. Corporate insiders own 6.80% of the company’s stock.

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.