Expedia Group, Inc. (NASDAQ:EXPE) Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,892 shares of the online travel company’s stock after acquiring an additional 4,311 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.14% of Expedia Group worth $33,892,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Windacre Partnership LLC increased its holdings 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. Alkeon Capital Management LLC grew its position in shares of Expedia Group by 46.3% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock worth $233,349,000 after acquiring an additional 498,934 shares in the last quarter. KBC Group NV grew its position in shares of Expedia Group by 326.9% in the 4th quarter. KBC Group NV now owns 293,482 shares of the online travel company’s stock worth $54,685,000 after acquiring an additional 224,732 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Expedia Group by 193.3% in the 4th quarter. Teacher Retirement System of Texas now owns 340,171 shares of the online travel company’s stock valued at $63,384,000 after acquiring an additional 224,182 shares during the last quarter. Finally, Glenmede Trust Co. NA raised its position in shares of Expedia Group by 1,198.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 134,406 shares of the online travel company’s stock valued at $19,895,000 after acquiring an additional 124,058 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on EXPE. Baird R W raised shares of Expedia Group to a “strong-buy” rating in a report on Wednesday, November 27th. BMO Capital Markets boosted their price objective on shares of Expedia Group from $165.00 to $190.00 and gave the company a “market perform” rating in a research report on Monday, February 10th. Barclays raised their target price on shares of Expedia Group from $166.00 to $187.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $210.00 target price (up from $180.00) on shares of Expedia Group in a report on Friday, February 7th. Finally, Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of Expedia Group in a report on Tuesday, February 4th. Nineteen 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 stock. Based on data from MarketBeat.com, Expedia Group currently has a consensus rating of “Moderate Buy” and an average price target of $193.43.

Expedia Group Price Performance

NASDAQ:EXPE opened at $173.43 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 business’s 50-day moving average price is $183.23 and its 200 day moving average price is $173.64. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $207.73. The firm has a market cap of $22.35 billion, a P/E ratio of 19.16, a PEG ratio of 0.92 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 earnings per share (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, sell-side analysts predict 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. Stockholders of record on Thursday, March 6th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Thursday, March 6th. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. Expedia Group’s dividend payout ratio is 17.68%.

Insider Transactions at Expedia Group

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the firm’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 transaction, the director now directly owns 158,505 shares in the company, valued at $26,912,563.95. This trade represents a 5.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert J. Dzielak sold 5,000 shares of Expedia Group stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 74,502 shares in the company, valued at approximately $15,325,061.40. This trade represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock valued at $4,577,900 in the last three months. 6.80% of the stock is currently owned by corporate insiders.

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.