Centiva Capital LP Makes New $291,000 Investment in Expedia Group, Inc. (NASDAQ:EXPE)

Centiva Capital LP purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,564 shares of the online travel company's stock, valued at approximately $291,000.

Several other large investors have also recently made changes to their positions in EXPE. Cercano Management LLC purchased a new position in Expedia Group in the 4th quarter valued at approximately $216,000. Captrust Financial Advisors boosted its holdings in Expedia Group by 19.0% in the fourth quarter. Captrust Financial Advisors now owns 26,870 shares of the online travel company's stock valued at $5,007,000 after purchasing an additional 4,291 shares during the period. Caxton Associates LP increased its holdings in Expedia Group by 126.9% during the 4th quarter. Caxton Associates LP now owns 9,277 shares of the online travel company's stock worth $1,729,000 after purchasing an additional 5,189 shares during the period. Baird Financial Group Inc. boosted its stake in shares of Expedia Group by 2.9% in the 4th quarter. Baird Financial Group Inc. now owns 83,450 shares of the online travel company's stock valued at $15,549,000 after buying an additional 2,333 shares during the period. Finally, Bamco Inc. NY acquired a new position in shares of Expedia Group during the fourth quarter worth about $80,206,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Robert J. Dzielak sold 5,000 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total transaction 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 ownership of the stock. 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 insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on EXPE shares. Barclays raised their target price on shares of Expedia Group from $187.00 to $190.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Bank of America raised their price objective on shares of Expedia Group from $205.00 to $211.00 and gave the company a "buy" rating in a report on Friday, May 9th. Wells Fargo & Company boosted their target price on shares of Expedia Group from $143.00 to $149.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Truist Financial increased their target price on Expedia Group from $163.00 to $175.00 and gave the company a "hold" rating in a report on Wednesday, March 12th. Finally, The Goldman Sachs Group decreased their price target on Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $186.35.

Expedia Group Stock Performance

EXPE stock traded up $0.45 during trading on Friday, hitting $166.66. The company had a trading volume of 1,758,482 shares, compared to its average volume of 1,936,386. The firm has a 50-day moving average price of $160.41 and a 200-day moving average price of $175.88. 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 firm has a market cap of $21.48 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. Expedia Group, Inc. has a 1-year low of $107.25 and a 1-year high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period in the previous year, the firm posted $0.21 EPS. The company's revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. Expedia Group's payout ratio is currently 18.87%.

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.