PDT Partners LLC Purchases 12,004 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

PDT Partners LLC boosted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 84.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,287 shares of the online travel company's stock after buying an additional 12,004 shares during the quarter. PDT Partners LLC's holdings in Expedia Group were worth $4,898,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. SRH Advisors LLC acquired a new stake in Expedia Group in the 4th quarter worth approximately $28,000. Sava Infond d.o.o. acquired a new stake in shares of Expedia Group in the fourth quarter worth $28,000. Grove Bank & Trust boosted its holdings in shares of Expedia Group by 676.2% during the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company's stock worth $30,000 after buying an additional 142 shares during the period. Prudent Man Investment Management Inc. acquired a new position in Expedia Group in the 4th quarter valued at $34,000. Finally, Optiver Holding B.V. bought a new position in Expedia Group in the 4th quarter worth $38,000. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Price Performance

NASDAQ EXPE traded up $3.83 during trading hours on Friday, reaching $161.79. 2,694,277 shares of the company's stock were exchanged, compared to its average volume of 2,000,532. The firm has a fifty day moving average of $165.47 and a 200-day moving average of $175.35. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73. The stock has a market cap of $20.85 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 0.92 and a beta of 1.65. 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, February 6th. The online travel company reported $1.84 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%. On average, equities research analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were paid a $0.40 dividend. The ex-dividend date of this dividend 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 0.99%. Expedia Group's payout ratio is currently 17.68%.

Insider Transactions at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $169.79, for a total value of $1,697,900.00. Following the transaction, the director now owns 158,505 shares in the company, valued at $26,912,563.95. This trade represents a 5.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert J. Dzielak sold 5,000 shares of the business's stock in a transaction dated 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 sale, the insider now directly owns 74,502 shares of the company's stock, valued at $15,325,061.40. This represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. B. Riley restated a "buy" rating and set a $235.00 price target (up from $220.00) on shares of Expedia Group in a report on Friday, February 7th. Melius upgraded Expedia Group from a "hold" rating to a "buy" rating and set a $220.00 target price for the company in a research note on Monday, January 6th. Wedbush reaffirmed a "neutral" rating on shares of Expedia Group in a research report on Tuesday, April 15th. Citigroup increased their price objective on Expedia Group from $200.00 to $217.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Finally, HSBC raised shares of Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 target price on the stock in a research report on Friday, February 7th. Nineteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, Expedia Group presently has an average rating of "Moderate Buy" and an average price target of $191.89.

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.