Aristotle Atlantic Partners LLC Decreases Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Aristotle Atlantic Partners LLC trimmed its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 307,993 shares of the online travel company's stock after selling 16,984 shares during the period. Expedia Group comprises 1.8% of Aristotle Atlantic Partners LLC's portfolio, making the stock its 15th biggest holding. Aristotle Atlantic Partners LLC owned about 0.24% of Expedia Group worth $57,388,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Handelsbanken Fonder AB raised its position in Expedia Group by 17.8% in the fourth quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company's stock worth $5,729,000 after acquiring an additional 4,656 shares during the period. Teamwork Financial Advisors LLC purchased a new position in Expedia Group during the fourth quarter valued at $1,791,000. Clare Market Investments LLC purchased a new position in Expedia Group during the fourth quarter valued at $319,000. Nisa Investment Advisors LLC grew its holdings in Expedia Group by 17.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 60,003 shares of the online travel company's stock valued at $11,180,000 after purchasing an additional 9,086 shares during the period. Finally, Cigna Investments Inc. New purchased a new stake in Expedia Group in the fourth quarter worth about $238,000. 90.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EXPE. JPMorgan Chase & Co. cut their price objective on Expedia Group from $205.00 to $170.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Argus lifted their target price on shares of Expedia Group from $210.00 to $220.00 and gave the company a "buy" rating in a research note on Friday, January 10th. B. Riley reiterated a "buy" rating and issued a $235.00 price target (up previously from $220.00) on shares of Expedia Group in a research note on Friday, February 7th. UBS Group dropped their price objective on Expedia Group from $194.00 to $170.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Finally, Wedbush reissued a "neutral" rating on shares of Expedia Group in a report on Tuesday, April 15th. Eighteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Expedia Group currently has a consensus rating of "Moderate Buy" and an average target price of $194.73.

Insider Activity at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the firm'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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.80% of the company's stock.

Expedia Group Stock Down 0.5 %

EXPE stock traded down $0.89 during midday trading on Tuesday, hitting $164.73. The company's stock had a trading volume of 1,728,696 shares, compared to its average volume of 1,940,744. The firm has a 50-day simple moving average of $164.03 and a 200-day simple moving average of $175.76. The company has a quick ratio of 0.72, a current 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 has a market capitalization of $21.23 billion, a P/E ratio of 18.20, a PEG ratio of 0.92 and a beta of 1.62.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced 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 return on equity of 52.41% and a net margin of 9.01%. As a group, equities analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were issued a dividend of $0.40 per share. This is a boost from Expedia Group's previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Thursday, March 6th. Expedia Group's dividend payout ratio is currently 17.68%.

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.