CANADA LIFE ASSURANCE Co Lowers Position in Expedia Group, Inc. (NASDAQ:EXPE)

CANADA LIFE ASSURANCE Co decreased its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,885 shares of the online travel company's stock after selling 3,359 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.08% of Expedia Group worth $18,788,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. SRH Advisors LLC purchased a new stake in shares of Expedia Group in the 4th quarter worth $28,000. Sava Infond d.o.o. purchased a new stake in Expedia Group in the fourth quarter worth about $28,000. Grove Bank & Trust raised its stake in shares of Expedia Group by 676.2% in the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company's stock worth $30,000 after buying an additional 142 shares during the period. Prudent Man Investment Management Inc. purchased a new position in shares of Expedia Group during the 4th quarter valued at about $34,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Expedia Group by 75.5% during the 4th 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. 90.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on EXPE. Truist Financial raised their price target on Expedia Group from $163.00 to $175.00 and gave the company a "hold" rating in a report on Wednesday, March 12th. Hsbc Global Res upgraded Expedia Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 7th. JMP Securities reissued a "market perform" rating on shares of Expedia Group in a research note on Friday, February 7th. 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 note on Friday, February 7th. Finally, Wedbush reiterated a "neutral" rating on shares of Expedia Group in a research report on Tuesday, April 15th. Nineteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $190.18.

Expedia Group Stock Up 0.4 %

Shares of NASDAQ:EXPE traded up $0.56 on Friday, reaching $160.11. The company had a trading volume of 1,020,656 shares, compared to its average volume of 2,009,610. The firm has a market capitalization of $20.63 billion, a PE ratio of 17.69, a PEG ratio of 0.92 and a beta of 1.65. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $207.73. The firm's 50 day simple moving average is $168.91 and its 200-day simple moving average is $175.13.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released 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 net margin of 9.01% and a return on equity of 52.41%. As a group, analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, March 6th. This is an increase from Expedia Group's previous quarterly dividend of $0.34. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.00%. Expedia Group's dividend payout ratio is presently 17.68%.

Insider Activity

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the sale, the director now owns 158,505 shares of the company's stock, valued at approximately $26,912,563.95. The trade was a 5.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert J. Dzielak sold 5,000 shares of Expedia Group 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 sale, the insider now directly owns 74,502 shares of the company's stock, valued at $15,325,061.40. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.80% of the company's stock.

Expedia Group Company 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.