Boothbay Fund Management LLC Reduces Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Boothbay Fund Management LLC cut its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 99.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,004 shares of the online travel company's stock after selling 4,568,821 shares during the quarter. Boothbay Fund Management LLC's holdings in Expedia Group were worth $1,491,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. SRH Advisors LLC bought a new stake in Expedia Group in the fourth quarter worth approximately $28,000. Sava Infond d.o.o. acquired a new position in shares of Expedia Group during the fourth quarter valued at about $28,000. Grove Bank & Trust grew its stake in shares of Expedia Group by 676.2% in the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company's stock valued at $30,000 after buying an additional 142 shares during the period. Prudent Man Investment Management Inc. bought a new position in Expedia Group in the fourth quarter worth approximately $34,000. Finally, EverSource Wealth Advisors LLC grew its stake in Expedia Group by 75.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company's stock valued at $51,000 after acquiring an additional 117 shares during the period. Institutional investors own 90.76% of the company's stock.

Insider Transactions at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value 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 represents a 6.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group 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 sale, the director now directly owns 158,505 shares in the company, valued at approximately $26,912,563.95. The trade was a 5.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by company insiders.

Expedia Group Price Performance

EXPE traded up $3.83 during midday trading on Friday, hitting $161.79. The stock had a trading volume of 2,694,277 shares, compared to its average volume of 2,011,887. The company has a market cap of $20.85 billion, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 0.92 and a beta of 1.65. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $207.73. The business has a fifty day moving average of $165.47 and a 200 day moving average of $175.35. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72.

Expedia Group (NASDAQ:EXPE - Get Free Report) 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 analysts' consensus estimates of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. As a group, equities analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. This is an increase from Expedia Group's previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, March 6th. Expedia Group's dividend payout ratio is 17.68%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on EXPE shares. Truist Financial lifted their price target on shares of Expedia Group from $163.00 to $175.00 and gave the company a "hold" rating in a research report on Wednesday, March 12th. UBS Group decreased their target price on shares of Expedia Group from $194.00 to $170.00 and set a "neutral" rating for the company in a research report on Monday. Citigroup raised their price target on shares of Expedia Group from $200.00 to $217.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. BMO Capital Markets lifted their target price on Expedia Group from $165.00 to $190.00 and gave the company a "market perform" rating in a research report on Monday, February 10th. Finally, Argus boosted their target price on Expedia Group from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Nineteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $191.89.

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.