United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 75,602 shares of the online travel company's stock, valued at approximately $21,419,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned about 0.06% of Expedia Group as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of EXPE. CI Investments Inc. grew its position in shares of Expedia Group by 1,735.0% in the third quarter. CI Investments Inc. now owns 42,223 shares of the online travel company's stock valued at $9,025,000 after purchasing an additional 39,922 shares during the period. Convergence Investment Partners LLC acquired a new stake in shares of Expedia Group in the third quarter valued at about $1,001,000. National Pension Service grew its position in shares of Expedia Group by 6.7% in the third quarter. National Pension Service now owns 248,328 shares of the online travel company's stock valued at $53,080,000 after purchasing an additional 15,611 shares during the period. Savant Capital LLC grew its position in shares of Expedia Group by 13.9% in the third quarter. Savant Capital LLC now owns 39,700 shares of the online travel company's stock valued at $8,486,000 after purchasing an additional 4,853 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Expedia Group by 24.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,644 shares of the online travel company's stock valued at $4,199,000 after purchasing an additional 3,841 shares during the period. Institutional investors and hedge funds own 90.76% of the company's stock.
Insider Activity at Expedia Group
In related news, insider Robert J. Dzielak sold 8,225 shares of the company's stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the sale, the insider directly owned 102,480 shares of the company's stock, valued at $22,629,633.60. This represents a 7.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Lance A. Soliday sold 940 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total transaction of $208,548.40. Following the sale, the chief accounting officer directly owned 14,083 shares in the company, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.20% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. Robert W. Baird set a $290.00 target price on shares of Expedia Group in a research report on Friday, May 8th. Zacks Research lowered shares of Expedia Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 23rd. TD Cowen lifted their target price on shares of Expedia Group from $260.00 to $285.00 and gave the company a "hold" rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group boosted their price target on shares of Expedia Group from $325.00 to $355.00 and gave the stock a "buy" rating in a research report on Friday, February 13th. Finally, Benchmark dropped their price objective on shares of Expedia Group from $310.00 to $290.00 and set a "buy" rating for the company in a research note on Friday, February 13th. Sixteen research analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $284.42.
Check Out Our Latest Analysis on EXPE
Expedia Group Stock Performance
Shares of EXPE stock opened at $227.55 on Friday. The firm's 50 day moving average price is $235.59 and its 200-day moving average price is $249.34. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.73 and a current ratio of 0.73. Expedia Group, Inc. has a one year low of $160.00 and a one year high of $303.80. The firm has a market cap of $27.88 billion, a P/E ratio of 20.03, a P/E/G ratio of 0.69 and a beta of 1.30.
Expedia Group (NASDAQ:EXPE - Get Free Report) last released its earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.55. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.35 billion. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.Expedia Group's revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 EPS. As a group, equities research analysts predict that Expedia Group, Inc. will post 17.07 EPS for the current year.
Expedia Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, May 28th. Expedia Group's payout ratio is currently 16.90%.
About Expedia Group
(
Free Report)
Expedia Group NASDAQ: EXPE is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company's platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.
Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.
See Also
Want to see what other hedge funds are holding EXPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expedia Group, Inc. (NASDAQ:EXPE - Free Report).
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