Freestone Grove Partners LP Invests $17.19 Million in Expedia Group, Inc. (NASDAQ:EXPE)

Freestone Grove Partners LP bought a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 92,268 shares of the online travel company's stock, valued at approximately $17,192,000. Freestone Grove Partners LP owned approximately 0.07% of Expedia Group at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EXPE. Kapitalo Investimentos Ltda bought a new stake in Expedia Group in the 4th quarter worth approximately $240,000. PDT Partners LLC raised its holdings in Expedia Group by 84.0% in the 4th quarter. PDT Partners LLC now owns 26,287 shares of the online travel company's stock worth $4,898,000 after purchasing an additional 12,004 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Expedia Group by 49.7% in the fourth quarter. AQR Capital Management LLC now owns 527,091 shares of the online travel company's stock worth $98,213,000 after buying an additional 174,910 shares during the period. Lido Advisors LLC boosted its position in shares of Expedia Group by 3,050.8% during the fourth quarter. Lido Advisors LLC now owns 47,356 shares of the online travel company's stock valued at $8,824,000 after purchasing an additional 45,853 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Expedia Group by 8.8% during the 4th quarter. Northern Trust Corp now owns 1,275,907 shares of the online travel company's stock valued at $237,740,000 after buying an additional 102,949 shares in the last quarter. Institutional investors own 90.76% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on EXPE shares. Truist Financial lifted their target price on shares of Expedia Group from $163.00 to $175.00 and gave the stock a "hold" rating in a report on Wednesday, March 12th. Susquehanna boosted their price objective on shares of Expedia Group from $190.00 to $205.00 and gave the company a "neutral" rating in a report on Monday, February 10th. Cantor Fitzgerald restated a "neutral" rating and set a $210.00 price objective (up previously from $180.00) on shares of Expedia Group in a research report on Friday, February 7th. Oppenheimer cut their target price on shares of Expedia Group from $235.00 to $230.00 and set an "outperform" rating for the company in a research report on Monday, March 17th. Finally, Morgan Stanley dropped their price target on Expedia Group from $190.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Eighteen analysts have rated the stock with a hold rating, ten have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $194.73.

Expedia Group Price Performance

Shares of Expedia Group stock traded up $3.83 during trading on Monday, reaching $165.62. 1,796,362 shares of the stock traded hands, compared to its average volume of 1,951,893. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $21.34 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 0.92 and a beta of 1.65. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $207.73. The business has a fifty day simple moving average of $164.71 and a two-hundred day simple moving average of $175.72.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. Sell-side analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were issued a $0.40 dividend. The ex-dividend date was Thursday, March 6th. This is an increase from Expedia Group's previous quarterly dividend of $0.34. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. Expedia Group's payout ratio is 17.68%.

Insider Activity

In other Expedia Group 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 transaction of $1,028,500.00. Following the sale, the insider now directly owns 74,502 shares of the company's stock, valued at $15,325,061.40. The trade was 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 link. Corporate insiders own 6.80% of the company's stock.

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.