Jacobs Levy Equity Management Inc. Sells 550,780 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Jacobs Levy Equity Management Inc. lessened its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 92.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,011 shares of the online travel company's stock after selling 550,780 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in Expedia Group were worth $8,946,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of EXPE. Gotham Asset Management LLC grew its holdings in Expedia Group by 15.6% in the fourth quarter. Gotham Asset Management LLC now owns 143,738 shares of the online travel company's stock valued at $26,783,000 after purchasing an additional 19,430 shares during the period. Focus Partners Wealth purchased a new stake in Expedia Group in the fourth quarter valued at approximately $20,493,000. Foyston Gordon & Payne Inc grew its holdings in Expedia Group by 0.3% in the fourth quarter. Foyston Gordon & Payne Inc now owns 22,135 shares of the online travel company's stock valued at $4,124,000 after purchasing an additional 74 shares during the period. Ethic Inc. grew its stake in Expedia Group by 11.3% during the fourth quarter. Ethic Inc. now owns 24,285 shares of the online travel company's stock worth $4,525,000 after buying an additional 2,475 shares during the period. Finally, CoreCap Advisors LLC increased its position in shares of Expedia Group by 194.3% in the fourth quarter. CoreCap Advisors LLC now owns 412 shares of the online travel company's stock worth $77,000 after acquiring an additional 272 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company's stock.

Insider Buying and Selling

In other Expedia Group 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 value of $1,028,500.00. Following the completion of the transaction, the insider now owns 74,502 shares in the company, valued at approximately $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 this link. Insiders own 6.80% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on EXPE shares. JMP Securities restated a "market perform" rating on shares of Expedia Group in a research note on Friday, February 7th. Hsbc Global Res upgraded shares of Expedia Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 7th. Oppenheimer decreased their target price on shares of Expedia Group from $230.00 to $210.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Bank of America upped their target price on shares of Expedia Group from $205.00 to $211.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Expedia Group from $205.00 to $170.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $186.35.

Expedia Group Price Performance

EXPE stock traded up $0.45 during mid-day trading on Friday, reaching $166.66. 1,758,482 shares of the company traded hands, compared to its average volume of 1,935,257. The company has a market capitalization of $21.48 billion, a P/E ratio of 18.42, a P/E/G ratio of 0.92 and a beta of 1.62. 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 fifty day moving average price of $160.47 and a 200-day moving average price of $175.93. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. 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 earnings per share. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

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