64,630 Shares in Expedia Group, Inc. (NASDAQ:EXPE) Acquired by Stanley Capital Management LLC

Stanley Capital Management LLC bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 64,630 shares of the online travel company's stock, valued at approximately $12,043,000. Expedia Group comprises about 2.3% of Stanley Capital Management LLC's investment portfolio, making the stock its 23rd largest holding. Stanley Capital Management LLC owned 0.05% of Expedia Group as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Expedia Group in the 4th quarter worth approximately $670,565,000. Bamco Inc. NY purchased a new stake in Expedia Group during the fourth quarter valued at approximately $80,206,000. Alkeon Capital Management LLC boosted its stake in Expedia Group by 25.4% in the fourth quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock valued at $368,276,000 after acquiring an additional 400,000 shares in the last quarter. Bridgewater Associates LP grew its holdings in Expedia Group by 73.4% in the fourth quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company's stock worth $159,175,000 after purchasing an additional 361,543 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in Expedia Group in the fourth quarter worth $58,367,000. Hedge funds and other institutional investors own 90.76% of the company's stock.

Insider Activity

In related news, insider Robert J. Dzielak sold 5,000 shares of the company'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 completion of the transaction, the insider now owns 74,502 shares in the company, valued at $15,325,061.40. This represents a 6.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.80% of the company's stock.

Expedia Group Price Performance

Shares of NASDAQ:EXPE traded down $2.97 during trading on Tuesday, reaching $162.52. 4,099,057 shares of the company's stock traded hands, compared to its average volume of 1,934,691. 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 fifty-two week low of $107.25 and a fifty-two week high of $207.73. The company has a 50-day simple moving average of $160.64 and a 200-day simple moving average of $176.12. The firm has a market cap of $20.94 billion, a PE ratio of 17.96, a P/E/G ratio of 0.92 and a beta of 1.62.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). The business had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.02 billion. Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 EPS. As a group, analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%. Expedia Group's dividend payout ratio (DPR) is 18.87%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EXPE. JPMorgan Chase & Co. lowered their price objective on Expedia Group from $205.00 to $170.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. DA Davidson raised their price target on Expedia Group from $190.00 to $205.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Barclays boosted their price target on Expedia Group from $187.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. HSBC upgraded shares of Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 target price for the company in a research note on Friday, February 7th. Finally, The Goldman Sachs Group cut their price target on shares of Expedia Group from $219.00 to $183.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $186.35.

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.