Alkeon Capital Management LLC Has $368.28 Million Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Alkeon Capital Management LLC grew its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 25.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,976,472 shares of the online travel company's stock after purchasing an additional 400,000 shares during the quarter. Expedia Group makes up about 0.7% of Alkeon Capital Management LLC's holdings, making the stock its 20th largest position. Alkeon Capital Management LLC owned 1.54% of Expedia Group worth $368,276,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in EXPE. Norges Bank purchased a new position in Expedia Group during the 4th quarter worth approximately $670,565,000. Geode Capital Management LLC boosted its stake in Expedia Group by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company's stock worth $600,750,000 after purchasing an additional 30,163 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Expedia Group by 6.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company's stock valued at $439,808,000 after purchasing an additional 150,480 shares during the period. Lyrical Asset Management LP grew its stake in shares of Expedia Group by 1.7% in the 4th quarter. Lyrical Asset Management LP now owns 1,763,489 shares of the online travel company's stock valued at $328,591,000 after purchasing an additional 28,736 shares during the last quarter. Finally, FMR LLC lifted its position in Expedia Group by 6.5% in the fourth quarter. FMR LLC now owns 1,303,532 shares of the online travel company's stock valued at $242,887,000 after purchasing an additional 79,372 shares during the period. Hedge funds and other institutional investors own 90.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EXPE. The Goldman Sachs Group upped their price target on shares of Expedia Group from $208.00 to $236.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. DA Davidson boosted their price objective on shares of Expedia Group from $190.00 to $205.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Morgan Stanley cut their price objective on Expedia Group from $190.00 to $150.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Argus boosted their price target on Expedia Group from $210.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Finally, Barclays lifted their price objective on Expedia Group from $166.00 to $187.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Eighteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and three 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 target price of $194.73.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE traded down $0.89 during trading on Tuesday, hitting $164.73. 1,728,696 shares of the company traded hands, compared to its average volume of 1,940,744. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73. The stock has a market capitalization of $21.23 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 0.92 and a beta of 1.62. 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 fifty day moving average is $164.03 and its 200-day moving average is $175.76.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, equities analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were paid a dividend of $0.40 per share. This is a positive change from Expedia Group's previous quarterly dividend of $0.34. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Thursday, March 6th. Expedia Group's dividend payout ratio (DPR) is presently 17.68%.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 5,000 shares of Expedia Group stock in a transaction on 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 transaction, the insider now directly owns 74,502 shares in the company, valued at $15,325,061.40. The trade was a 6.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 6.80% of the stock is owned by company insiders.

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.