Quarry LP Invests $490,000 in Expedia Group, Inc. (NASDAQ:EXPE)

Quarry LP bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,628 shares of the online travel company's stock, valued at approximately $490,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Susquehanna Fundamental Investments LLC acquired a new position in shares of Expedia Group in the 4th quarter valued at about $12,747,000. Hancock Whitney Corp increased its position in Expedia Group by 999.4% in the 4th quarter. Hancock Whitney Corp now owns 47,130 shares of the online travel company's stock valued at $8,782,000 after buying an additional 42,843 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Expedia Group by 192.1% in the fourth quarter. Integrated Wealth Concepts LLC now owns 6,733 shares of the online travel company's stock worth $1,255,000 after acquiring an additional 4,428 shares in the last quarter. Pinebridge Investments L.P. grew its stake in Expedia Group by 726.0% in the fourth quarter. Pinebridge Investments L.P. now owns 32,676 shares of the online travel company's stock valued at $6,089,000 after acquiring an additional 28,720 shares during the period. Finally, Quantessence Capital LLC acquired a new position in shares of Expedia Group during the fourth quarter worth approximately $380,000. 90.76% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Dara Khosrowshahi sold 10,000 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the transaction, the director now owns 158,505 shares of the company's stock, valued at $26,912,563.95. This represents a 5.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert J. Dzielak sold 5,000 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total value of $1,028,500.00. Following the completion of the sale, the insider now directly owns 74,502 shares in the company, valued at approximately $15,325,061.40. The trade was a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company's stock.

Expedia Group Stock Down 2.0 %

Shares of NASDAQ EXPE traded down $3.22 during midday trading on Wednesday, hitting $156.93. 2,838,370 shares of the company's stock were exchanged, compared to its average volume of 2,012,489. The company has a market cap of $20.22 billion, a PE ratio of 17.34, a P/E/G ratio of 0.92 and a beta of 1.65. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month high of $207.73. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The firm's fifty day simple moving average is $167.11 and its 200-day simple moving average is $175.42.

Expedia Group (NASDAQ:EXPE - Get Free Report) 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 return on equity of 52.41% and a net margin of 9.01%. Research analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 1.02%. This is a boost from Expedia Group's previous quarterly dividend of $0.34. Expedia Group's payout ratio is currently 17.68%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Cantor Fitzgerald reiterated a "neutral" rating and issued a $210.00 target price (up previously from $180.00) on shares of Expedia Group in a research note on Friday, February 7th. Melius Research upgraded shares of Expedia Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Benchmark reaffirmed a "buy" rating and set a $200.00 price target on shares of Expedia Group in a research report on Tuesday, February 4th. BMO Capital Markets boosted their price objective on Expedia Group from $165.00 to $190.00 and gave the stock a "market perform" rating in a research report on Monday, February 10th. Finally, HSBC raised Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 target price for the company in a research report on Friday, February 7th. Nineteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $191.89.

About Expedia Group

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.