OMERS ADMINISTRATION Corp Sells 8,897 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

OMERS ADMINISTRATION Corp trimmed its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 39.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,541 shares of the online travel company's stock after selling 8,897 shares during the period. OMERS ADMINISTRATION Corp's holdings in Expedia Group were worth $2,523,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Expedia Group in the fourth quarter worth about $670,565,000. Bamco Inc. NY purchased a new stake in Expedia Group in the 4th quarter worth approximately $80,206,000. Alkeon Capital Management LLC raised its stake in Expedia Group by 25.4% during the 4th quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock worth $368,276,000 after acquiring an additional 400,000 shares during the period. Bridgewater Associates LP lifted its holdings in Expedia Group by 73.4% during the fourth quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company's stock valued at $159,175,000 after purchasing an additional 361,543 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Expedia Group in the fourth quarter worth approximately $58,367,000. 90.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Piper Sandler downgraded shares of Expedia Group from a "neutral" rating to an "underweight" rating and decreased their price objective for the company from $174.00 to $135.00 in a research report on Friday, May 9th. Barclays raised their price target on Expedia Group from $187.00 to $190.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Susquehanna lowered their price objective on Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a research report on Monday, May 12th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $170.00 price objective on shares of Expedia Group in a research note on Thursday. Finally, HSBC raised Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 target price on the stock in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, Expedia Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $186.35.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 5,000 shares of Expedia Group stock in a transaction 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 completion of the sale, the insider now directly owns 74,502 shares in the company, valued at approximately $15,325,061.40. This trade represents a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.80% of the stock is currently owned by corporate insiders.

Expedia Group Trading Up 0.3%

Shares of EXPE stock traded up $0.45 during trading hours on Friday, reaching $166.66. 1,758,482 shares of the stock were exchanged, compared to its average volume of 1,930,761. The firm has a market capitalization of $21.48 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $207.73. The company's 50-day moving average price is $160.47 and its 200-day moving average price is $176.04. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.02). The business had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.02 billion. Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The firm's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 EPS. As a group, equities analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

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

Expedia Group 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.