Expedia Group, Inc. (NASDAQ:EXPE) Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC boosted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 13.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,850 shares of the online travel company's stock after purchasing an additional 2,122 shares during the period. ProShare Advisors LLC's holdings in Expedia Group were worth $3,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of EXPE. Norges Bank purchased a new stake in Expedia Group during the fourth quarter worth $670,565,000. Bamco Inc. NY purchased a new stake in shares of Expedia Group in the fourth quarter valued at approximately $80,206,000. Alkeon Capital Management LLC grew its holdings 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. Bridgewater Associates LP grew its holdings in shares of Expedia Group by 73.4% in the fourth quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company's stock valued at $159,175,000 after purchasing an additional 361,543 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Expedia Group during the 4th quarter worth approximately $58,367,000. Hedge funds and other institutional investors own 90.76% of the company's stock.

Expedia Group Stock Performance

Shares of EXPE stock opened at $165.49 on Tuesday. The stock has a market cap of $21.32 billion, a PE ratio of 18.29, 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 quick ratio of 0.72 and a current ratio of 0.72. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $207.73. The stock has a fifty day moving average price of $160.53 and a 200 day moving average price of $176.22.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its earnings results on Thursday, May 8th. The online travel company reported $0.40 EPS 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 company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter last year, the company posted $0.21 EPS. Expedia Group's quarterly revenue was up 3.4% compared to the same quarter last year. Sell-side analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. Expedia Group's dividend payout ratio (DPR) is currently 18.87%.

Insider Transactions at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the company's stock in a transaction dated 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 sale, the insider now directly owns 74,502 shares in the company, valued at $15,325,061.40. This represents a 6.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 6.80% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. HSBC raised Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 price objective for the company in a research report on Friday, February 7th. Benchmark reduced their price target on Expedia Group from $225.00 to $215.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Morgan Stanley decreased their price objective on shares of Expedia Group from $190.00 to $150.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $170.00 price target on shares of Expedia Group in a report on Thursday, May 15th. Finally, Hsbc Global Res upgraded shares of Expedia Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $186.35.

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.

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