Investment Management Corp of Ontario raised its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 69.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund 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 SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Handelsbanken Fonder AB lifted its position in shares of Expedia Group by 17.8% during the 4th quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company's stock worth $5,729,000 after buying an additional 4,656 shares in the last quarter. Teamwork Financial Advisors LLC bought a new position in shares of Expedia Group during the 4th quarter worth approximately $1,791,000. Clare Market Investments LLC bought a new position in shares of Expedia Group during the 4th quarter worth approximately $319,000. Nisa Investment Advisors LLC lifted its position in shares of Expedia Group by 17.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 60,003 shares of the online travel company's stock worth $11,180,000 after buying an additional 9,086 shares in the last quarter. Finally, Cigna Investments Inc. New bought a new position in shares of Expedia Group during the 4th quarter worth approximately $238,000. Institutional investors and hedge funds own 90.76% of the company's stock.
Insider Activity
In related news, insider Robert J. Dzielak sold 5,000 shares of the company'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 completion of the transaction, the insider now directly owns 74,502 shares in the company, valued at approximately $15,325,061.40. The trade was a 6.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.80% of the company's stock.
Wall Street Analyst Weigh In
EXPE has been the topic of several recent analyst reports. UBS Group dropped their target price on shares of Expedia Group from $194.00 to $170.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Truist Financial lifted their target price on shares of Expedia Group from $163.00 to $175.00 and gave the stock a "hold" rating in a research report on Wednesday, March 12th. Oppenheimer lowered their price target on shares of Expedia Group from $230.00 to $210.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. DA Davidson lifted their price target on shares of Expedia Group from $190.00 to $205.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Finally, BMO Capital Markets lifted their price target on shares of Expedia Group from $165.00 to $190.00 and gave the stock a "market perform" rating in a report on Monday, February 10th. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Expedia Group currently has a consensus rating of "Moderate Buy" and an average target price of $186.35.
Get Our Latest Stock Analysis on EXPE
Expedia Group Price Performance
Shares of EXPE traded up $0.45 during mid-day trading on Friday, reaching $166.66. 1,758,482 shares of the stock traded hands, compared to its average volume of 1,930,761. The firm has a fifty day moving average price of $160.47 and a 200 day moving average price of $176.04. The company has a market cap 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. 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, Inc. has a 1 year low of $107.25 and a 1 year high of $207.73.
Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings results 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). The firm 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 revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 earnings per share. As a group, equities research analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current year.
Expedia Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.96%. Expedia Group's dividend payout ratio (DPR) is currently 18.87%.
About Expedia Group
(
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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