Focus Partners Wealth Takes $20.49 Million Position in Expedia Group, Inc. (NASDAQ:EXPE)

Focus Partners Wealth bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 109,808 shares of the online travel company's stock, valued at approximately $20,493,000. Focus Partners Wealth owned approximately 0.09% of Expedia Group as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of EXPE. Norges Bank bought a new stake in Expedia Group during the fourth quarter worth $670,565,000. Geode Capital Management LLC lifted its stake in Expedia Group by 0.9% in the 4th 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 during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Expedia Group by 6.8% during 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 holdings in Expedia Group by 25.4% during the fourth quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock worth $368,276,000 after purchasing an additional 400,000 shares during the period. Finally, Lyrical Asset Management LP increased its position in Expedia Group by 1.7% during the fourth quarter. Lyrical Asset Management LP now owns 1,763,489 shares of the online travel company's stock worth $328,591,000 after buying an additional 28,736 shares during the last quarter. 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 firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value 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 trade represents a 6.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.80% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on EXPE shares. BMO Capital Markets lifted their target price on Expedia Group from $165.00 to $190.00 and gave the stock a "market perform" rating in a research note on Monday, February 10th. UBS Group reduced their price objective 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. StockNews.com lowered shares of Expedia Group from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 5th. HSBC raised shares of Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 target price for the company in a report on Friday, February 7th. Finally, Truist Financial increased their price target on shares of Expedia Group from $163.00 to $175.00 and gave the company a "hold" rating in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $186.35.

Expedia Group Price Performance

NASDAQ:EXPE traded down $3.01 on Thursday, hitting $166.21. The company had a trading volume of 1,797,066 shares, compared to its average volume of 1,938,302. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $207.73. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. The stock has a market capitalization of $21.42 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 0.92 and a beta of 1.62. The firm has a 50 day moving average of $160.62 and a two-hundred day moving average of $175.82.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly 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). The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.02 billion. Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The firm's revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 earnings per share. On average, research analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The company 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Thursday, May 29th. Expedia Group's payout ratio is 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.