5,000 Shares in Expedia Group, Inc. (NASDAQ:EXPE) Bought by Sphera Management Technology Funds Ltd

Sphera Management Technology Funds Ltd bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,000 shares of the online travel company's stock, valued at approximately $932,000.

Several other hedge funds and other institutional investors also recently modified their holdings of EXPE. Norges Bank bought a new stake in Expedia Group during the 4th quarter valued at $670,565,000. Geode Capital Management LLC raised its stake in shares of Expedia Group by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company's stock valued at $600,750,000 after purchasing an additional 30,163 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Expedia Group by 6.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company's stock worth $439,808,000 after purchasing an additional 150,480 shares during the period. Alkeon Capital Management LLC grew its position in Expedia Group by 25.4% in the 4th quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock valued at $368,276,000 after buying an additional 400,000 shares in the last quarter. Finally, 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 buying an additional 28,736 shares during the period. Institutional investors and hedge funds own 90.76% of the company's stock.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 5,000 shares of the business's 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 completion of the sale, the insider now directly owns 74,502 shares in the company, valued at approximately $15,325,061.40. The trade was a 6.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

EXPE has been the subject of a number of research analyst reports. B. Riley reaffirmed a "buy" rating and issued a $235.00 price target (up from $220.00) on shares of Expedia Group in a research note on Friday, February 7th. JPMorgan Chase & Co. lowered their price target on Expedia Group from $205.00 to $170.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Piper Sandler lowered Expedia Group from a "neutral" rating to an "underweight" rating and cut their price objective for the company from $174.00 to $135.00 in a report on Friday, May 9th. Oppenheimer lowered their target price on Expedia Group from $230.00 to $210.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Finally, Barclays upped their price target 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. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $186.35.

Expedia Group Price Performance

Shares of EXPE opened at $166.66 on Monday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $21.48 billion, a PE ratio of 18.42, a PEG ratio of 0.92 and a beta of 1.62. The firm's 50 day moving average price is $160.47 and its 200 day moving average price is $176.18. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share 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 business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the prior year, the business posted $0.21 EPS. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, research analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 0.96%. Expedia Group's dividend payout ratio (DPR) is presently 18.87%.

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.

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