Ensign Peak Advisors Inc Sells 36,886 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Ensign Peak Advisors Inc lessened its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 37.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 62,871 shares of the online travel company's stock after selling 36,886 shares during the period. Ensign Peak Advisors Inc's holdings in Expedia Group were worth $11,715,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SRH Advisors LLC bought a new position in shares of Expedia Group in the fourth quarter worth approximately $28,000. Sava Infond d.o.o. bought a new position in shares of Expedia Group in the fourth quarter worth approximately $28,000. Grove Bank & Trust lifted 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 in the last quarter. Prudent Man Investment Management Inc. bought a new position in shares of Expedia Group in the fourth quarter worth approximately $34,000. Finally, Optiver Holding B.V. bought a new position in shares of Expedia Group in the fourth quarter worth approximately $38,000. Institutional investors own 90.76% of the company's stock.

Wall Street Analysts Forecast Growth

EXPE has been the topic of several analyst reports. Susquehanna dropped their target price on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a research note on Monday. JPMorgan Chase & Co. lowered their price objective on shares of Expedia Group from $205.00 to $170.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. JMP Securities restated a "market perform" rating on shares of Expedia Group in a research report on Friday, February 7th. Wedbush restated a "neutral" rating and set a $165.00 price objective (down previously from $180.00) on shares of Expedia Group in a research report on Friday, May 9th. Finally, The Goldman Sachs Group lowered their price objective on shares of Expedia Group from $219.00 to $183.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $186.35.

Expedia Group Price Performance

EXPE traded up $0.45 during trading on Friday, hitting $166.66. 1,758,482 shares of the company traded hands, compared to its average volume of 1,936,387. The company has a market cap of $21.48 billion, a PE ratio of 18.42, a P/E/G ratio of 0.92 and a beta of 1.62. The stock's 50-day simple moving average is $160.41 and its two-hundred day simple moving average is $175.88. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $207.73. 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 (NASDAQ:EXPE - Get Free Report) last posted its earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $3.02 billion. During the same period in the previous year, the business posted $0.21 earnings per share. The business's revenue was up 3.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

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

Insiders Place Their Bets

In other news, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction that occurred 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.80% of the company's stock.

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.