Nemes Rush Group LLC Makes New $1.31 Million Investment in Expedia Group, Inc. (NASDAQ:EXPE)

Nemes Rush Group LLC bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,007 shares of the online travel company’s stock, valued at approximately $1,306,000.

A number of other large investors also recently made changes to their positions in EXPE. SRH Advisors LLC bought a new position in Expedia Group during the 4th quarter worth $28,000. Sava Infond d.o.o. bought a new position in Expedia Group during the fourth quarter worth about $28,000. Grove Bank & Trust increased its position in Expedia Group by 676.2% during the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock worth $30,000 after acquiring an additional 142 shares during the period. Prudent Man Investment Management Inc. bought a new stake in Expedia Group in the 4th quarter valued at about $34,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Expedia Group by 75.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company’s stock worth $51,000 after purchasing an additional 117 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

Expedia Group Price Performance

NASDAQ:EXPE opened at $168.10 on Tuesday. Expedia Group, Inc. has a 1-year low of $107.25 and a 1-year high of $207.73. The company has a market capitalization of $21.66 billion, a PE ratio of 18.57, a P/E/G ratio of 0.92 and a beta of 1.83. The firm’s 50-day moving average price is $182.07 and its 200-day moving average price is $174.72. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share 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 analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This is a boost from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a yield of 0.95%. Expedia Group’s payout ratio is 17.68%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EXPE shares. Hsbc Global Res raised Expedia Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 7th. The Goldman Sachs Group boosted their price target on Expedia Group from $208.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, January 10th. 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 report on Friday, February 7th. Susquehanna upped 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 Monday, February 10th. Finally, Melius raised shares of Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 price objective on the stock in a research note on Monday, January 6th. Nineteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.43.

Insider Activity

In other news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the transaction, the director now directly owns 158,505 shares of the company’s stock, valued at $26,912,563.95. This represents a 5.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Dzielak sold 5,000 shares of the firm’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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $4,577,900 over the last 90 days. 6.80% of the stock is currently owned by insiders.

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.