Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC trimmed its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 38.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,009 shares of the online travel company's stock after selling 1,851 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Expedia Group were worth $561,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Expedia Group in the fourth quarter worth about $670,565,000. Geode Capital Management LLC grew its stake in shares of Expedia Group by 0.9% during 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 period. Arrowstreet Capital Limited Partnership increased its holdings in shares of 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 in the last quarter. Lyrical Asset Management LP lifted its stake in shares of Expedia Group by 1.7% in 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 during the period. Finally, FMR LLC grew its position in Expedia Group by 6.5% during the fourth quarter. FMR LLC now owns 1,303,532 shares of the online travel company's stock valued at $242,887,000 after buying an additional 79,372 shares during the period. Institutional investors and hedge funds own 90.76% of the company's stock.

Expedia Group Trading Up 1.9 %

Shares of EXPE stock traded up $3.08 on Wednesday, hitting $167.81. The stock had a trading volume of 478,492 shares, compared to its average volume of 1,935,389. The company's 50 day moving average price is $163.45 and its 200-day moving average price is $175.68. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $207.73. The firm has a market capitalization of $21.62 billion, a P/E ratio of 18.64, a P/E/G ratio of 0.92 and a beta of 1.62. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share (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%. Analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were paid a $0.40 dividend. This is an increase from Expedia Group's previous quarterly dividend of $0.34. The ex-dividend date was Thursday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. Expedia Group's payout ratio is 17.68%.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 5,000 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the completion of the transaction, the insider now directly owns 74,502 shares of the company's stock, valued at $15,325,061.40. The trade was a 6.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 6.80% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the company. StockNews.com lowered Expedia Group from a "strong-buy" rating to a "buy" rating in a report on Monday. Wedbush restated a "neutral" rating on shares of Expedia Group in a research report on Tuesday, April 15th. Truist Financial lifted their target price on shares of Expedia Group from $163.00 to $175.00 and gave the company a "hold" rating in a research report on Wednesday, March 12th. UBS Group reduced their price target on shares of Expedia Group from $194.00 to $170.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Finally, Citigroup boosted their price objective on Expedia Group from $200.00 to $217.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 11th. Eighteen 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's stock. According to data from MarketBeat, Expedia Group currently has a consensus rating of "Moderate Buy" and an average price target of $194.73.

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.