Investment Management Corp of Ontario Acquires 5,121 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Investment Management Corp of Ontario lifted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 69.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,466 shares of the online travel company's stock after purchasing an additional 5,121 shares during the period. Investment Management Corp of Ontario's holdings in Expedia Group were worth $2,323,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. SRH Advisors LLC purchased a new stake in Expedia Group in the 4th quarter valued at $28,000. Sava Infond d.o.o. purchased a new position in Expedia Group during the fourth quarter worth about $28,000. Grove Bank & Trust increased its stake in Expedia Group by 676.2% in the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company's stock valued at $30,000 after buying an additional 142 shares during the last quarter. Prudent Man Investment Management Inc. bought a new position in shares of Expedia Group during the 4th quarter worth approximately $34,000. Finally, Optiver Holding B.V. purchased a new position in shares of Expedia Group in the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 90.76% of the company's stock.

Expedia Group Price Performance

NASDAQ EXPE traded down $3.01 during trading hours on Thursday, reaching $166.21. 1,797,066 shares of the stock traded hands, compared to its average volume of 1,938,302. The stock has a 50 day simple moving average of $160.62 and a two-hundred day simple moving average of $175.82. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $207.73. 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 cap of $21.42 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share 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 firm had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.02 billion. During the same quarter in the previous year, the business earned $0.21 EPS. The company's revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be issued a $0.40 dividend. The ex-dividend date is Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 0.96%. Expedia Group's dividend payout ratio is currently 18.87%.

Insider Transactions at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of Expedia Group stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total value of $1,028,500.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $170.00 price target on shares of Expedia Group in a research report on Thursday. B. Riley reaffirmed a "buy" rating and set a $235.00 price target (up from $220.00) on shares of Expedia Group in a research report on Friday, February 7th. The Goldman Sachs Group decreased their price target on Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Hsbc Global Res raised Expedia Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 7th. Finally, Wedbush reissued a "neutral" rating and set a $165.00 price objective (down from $180.00) on shares of Expedia Group in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $186.35.

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.