Insight 2811 Inc. Takes $205,000 Position in Expedia Group, Inc. (NASDAQ:EXPE)

Insight 2811 Inc. purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the 4th quarter, Holdings Channel.com reports. The fund purchased 1,100 shares of the online travel company’s stock, valued at approximately $205,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Taikang Asset Management Hong Kong Co Ltd acquired a new position in shares of Expedia Group in the 4th quarter valued at approximately $7,397,000. Prudential Financial Inc. grew its position in shares of Expedia Group by 26.3% during the fourth quarter. Prudential Financial Inc. now owns 102,990 shares of the online travel company’s stock worth $19,190,000 after buying an additional 21,426 shares in the last quarter. Stevens Capital Management LP bought a new stake in shares of Expedia Group in the fourth quarter worth $261,000. Samalin Investment Counsel LLC acquired a new stake in Expedia Group in the fourth quarter valued at $321,000. Finally, Heron Bay Capital Management boosted its stake in Expedia Group by 9.5% during the 4th quarter. Heron Bay Capital Management now owns 2,009 shares of the online travel company’s stock valued at $374,000 after acquiring an additional 174 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Trading Up 2.6 %

NASDAQ:EXPE opened at $178.29 on Tuesday. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $207.73. The business has a fifty day moving average of $183.62 and a 200-day moving average of $173.33. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $22.97 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 0.92 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. Equities analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Thursday, March 6th. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34. Expedia Group’s dividend payout ratio (DPR) is currently 17.68%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EXPE. UBS Group reissued a “neutral” rating on shares of Expedia Group in a research report on Tuesday, February 4th. Citigroup boosted their price objective on Expedia Group from $200.00 to $217.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Bank of America raised Expedia Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $187.00 to $221.00 in a report on Wednesday, December 18th. Susquehanna lifted their target price on Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Finally, Robert W. Baird began coverage on Expedia Group in a research note on Wednesday, November 27th. They set an “outperform” rating and a $225.00 price objective on the stock. Nineteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $193.43.

Insider Buying and Selling

In related news, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 74,502 shares in the company, valued at $15,325,061.40. The trade was a 6.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the completion of the transaction, the director now owns 168,505 shares in the company, valued at approximately $31,198,700.75. This trade represents a 5.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock valued at $4,577,900 over the last quarter. Corporate insiders own 6.80% of the company’s stock.

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.