Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Comerica Bank

Comerica Bank lessened its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 19.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,924 shares of the online travel company's stock after selling 7,844 shares during the quarter. Comerica Bank's holdings in Expedia Group were worth $5,948,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXPE. Norges Bank bought a new position in Expedia Group during the 4th quarter valued at approximately $670,565,000. Geode Capital Management LLC raised its position in shares of Expedia Group by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company's stock worth $600,750,000 after purchasing an additional 30,163 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Expedia Group by 6.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company's stock valued at $439,808,000 after purchasing an additional 150,480 shares during the last quarter. Lyrical Asset Management LP increased its stake in Expedia Group by 1.7% during the 4th quarter. Lyrical Asset Management LP now owns 1,763,489 shares of the online travel company's stock valued at $328,591,000 after purchasing an additional 28,736 shares in the last quarter. Finally, FMR LLC raised its holdings in Expedia Group by 6.5% in the fourth quarter. FMR LLC now owns 1,303,532 shares of the online travel company's stock worth $242,887,000 after buying an additional 79,372 shares during the last quarter. Institutional investors own 90.76% of the company's stock.

Expedia Group Stock Performance

NASDAQ:EXPE traded up $1.83 during trading hours on Wednesday, reaching $166.56. The company had a trading volume of 2,206,549 shares, compared to its average volume of 1,931,677. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market cap of $21.46 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. The business's 50 day moving average price is $162.82 and its 200-day moving average price is $175.62. 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 posted its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 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%. Research 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. Stockholders of record on Thursday, March 6th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This is a positive change 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 0.96%. Expedia Group's payout ratio is currently 17.68%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Susquehanna upped their price target on Expedia Group from $190.00 to $205.00 and gave the company a "neutral" rating in a report on Monday, February 10th. BMO Capital Markets raised their price target on shares of Expedia Group from $165.00 to $190.00 and gave the company a "market perform" rating in a report on Monday, February 10th. Hsbc Global Res raised shares of Expedia Group from a "hold" rating to a "strong-buy" rating in a report on Friday, February 7th. Benchmark reaffirmed a "buy" rating and issued a $200.00 target price on shares of Expedia Group in a research report on Tuesday, February 4th. Finally, UBS Group dropped their price target on Expedia Group from $194.00 to $170.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Eighteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $194.73.

Insider Buying and Selling at Expedia Group

In other 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 value of $1,028,500.00. Following the transaction, the insider now directly owns 74,502 shares of the company's stock, valued at approximately $15,325,061.40. This trade represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 6.80% of the stock is currently owned by insiders.

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.