Expedia Group, Inc. (NASDAQ:EXPE) Position Cut by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its position in Expedia Group, Inc. (NASDAQ:EXPE) by 44.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 14,006 shares of the online travel company’s stock after selling 11,233 shares during the quarter. State of Alaska Department of Revenue’s holdings in Expedia Group were worth $2,609,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Greenleaf Trust lifted its stake in Expedia Group by 2.5% in the 4th quarter. Greenleaf Trust now owns 2,520 shares of the online travel company’s stock worth $470,000 after acquiring an additional 61 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Expedia Group by 2.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,980 shares of the online travel company’s stock valued at $441,000 after acquiring an additional 62 shares during the last quarter. Empirical Finance LLC increased its holdings in shares of Expedia Group by 1.3% during the 3rd quarter. Empirical Finance LLC now owns 4,754 shares of the online travel company’s stock valued at $704,000 after acquiring an additional 63 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Expedia Group by 14.8% during the 4th quarter. UMB Bank n.a. now owns 489 shares of the online travel company’s stock valued at $91,000 after acquiring an additional 63 shares during the last quarter. Finally, Venture Visionary Partners LLC grew its holdings in Expedia Group by 0.6% in the 3rd quarter. Venture Visionary Partners LLC now owns 11,367 shares of the online travel company’s stock valued at $1,683,000 after buying an additional 64 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 7,000 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $181.99, for a total transaction of $1,273,930.00. Following the completion of the sale, the chief accounting officer now directly owns 11,187 shares in the company, valued at $2,035,922.13. This represents a 38.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $185.15, for a total value of $1,851,500.00. Following the sale, the director now owns 168,505 shares of the company’s stock, valued at $31,198,700.75. The trade was a 5.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,951 shares of company stock worth $5,174,510. Company insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on EXPE shares. Baird R W raised Expedia Group to a “strong-buy” rating in a report on Wednesday, November 27th. The Goldman Sachs Group raised their target price on Expedia Group from $208.00 to $236.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Jefferies Financial Group raised their price target on Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Bank of America raised Expedia Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $187.00 to $221.00 in a report on Wednesday, December 18th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Expedia Group in a report on Friday. Nineteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $190.07.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $203.00 on Tuesday. The business’s 50 day moving average price is $182.42 and its two-hundred day moving average price is $160.81. The company has a market cap of $26.06 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 0.82 and a beta of 1.82. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month high of $207.73.

Expedia Group (NASDAQ:EXPE) last posted 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 net margin of 9.01% and a return on equity of 55.42%. On average, analysts predict that Expedia Group, Inc. will post 10.75 EPS for the current year.

Expedia Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a $0.40 dividend. This is a boost from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Thursday, March 6th.

About Expedia Group

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.