Gotham Asset Management LLC grew its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 15.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,738 shares of the online travel company's stock after buying an additional 19,430 shares during the quarter. Gotham Asset Management LLC owned 0.11% of Expedia Group worth $26,783,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the business. Focus Partners Wealth bought a new position in Expedia Group in the 4th quarter worth about $20,493,000. Foyston Gordon & Payne Inc boosted its stake 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 acquiring an additional 74 shares in the last quarter. Ethic Inc. boosted its stake in Expedia Group by 11.3% in the fourth quarter. Ethic Inc. now owns 24,285 shares of the online travel company's stock valued at $4,525,000 after acquiring an additional 2,475 shares in the last quarter. CoreCap Advisors LLC raised its holdings 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 buying an additional 272 shares during the last quarter. Finally, Centiva Capital LP purchased a new position in shares of Expedia Group in the fourth quarter worth $291,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, insider Robert J. Dzielak sold 5,000 shares of the firm's stock in a transaction on 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 transaction, the insider now owns 74,502 shares of the company's stock, valued at approximately $15,325,061.40. This trade represents a 6.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 6.80% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Expedia Group from $205.00 to $170.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. B. Riley reiterated a "buy" rating and issued a $235.00 target price (up from $220.00) on shares of Expedia Group in a report on Friday, February 7th. Truist Financial boosted their price target on shares of Expedia Group from $163.00 to $175.00 and gave the company a "hold" rating in a research note on Wednesday, March 12th. StockNews.com lowered shares of Expedia Group from a "strong-buy" rating to a "buy" rating in a report on Monday, May 5th. Finally, JMP Securities restated a "market perform" rating on shares of Expedia Group in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $186.35.
Get Our Latest Report on Expedia Group
Expedia Group Stock Down 1.8%
EXPE stock traded down $3.01 on Thursday, hitting $166.21. 1,797,066 shares of the company's stock were exchanged, compared to its average volume of 1,937,098. The firm has a 50 day moving average price of $160.41 and a two-hundred day moving average price of $175.88. The stock has a market cap of $21.42 billion, a P/E ratio of 18.37, 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 has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72.
Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The company 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 posted $0.21 EPS. The business's quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities research analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.
Expedia Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be paid 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 currently 18.87%.
Expedia Group Profile
(
Free Report)
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.
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