Groupama Asset Managment reduced its position in Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 82.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,264 shares of the online travel company’s stock after selling 5,750 shares during the quarter. Groupama Asset Managment’s holdings in Expedia Group were worth $212,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of EXPE. Nuveen LLC bought a new position in shares of Expedia Group in the first quarter valued at approximately $227,174,000. Los Angeles Capital Management LLC boosted its position in shares of Expedia Group by 3,369.4% in the first quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company’s stock valued at $172,995,000 after acquiring an additional 999,454 shares during the period. Massachusetts Financial Services Co. MA bought a new position in shares of Expedia Group in the first quarter valued at approximately $82,975,000. Bamco Inc. NY bought a new position in shares of Expedia Group in the fourth quarter valued at approximately $80,206,000. Finally, Alkeon Capital Management LLC boosted its position in shares of Expedia Group by 25.4% in the fourth quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company’s stock valued at $368,276,000 after acquiring an additional 400,000 shares during the period. 90.76% of the stock is currently owned by institutional investors.
Expedia Group Trading Down 0.2%
Shares of EXPE opened at $205.35 on Friday. The firm has a market cap of $25.41 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 1.05 and a beta of 1.61. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. Expedia Group, Inc. has a fifty-two week low of $126.46 and a fifty-two week high of $213.00. The firm has a 50 day moving average price of $182.54 and a 200-day moving average price of $174.77.
Expedia Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, August 28th. Expedia Group’s payout ratio is presently 19.61%.
Insider Buying and Selling
In related news, Director Craig A. Jacobson sold 3,000 shares of Expedia Group stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $207.78, for a total value of $623,340.00. Following the transaction, the director directly owned 33,858 shares of the company’s stock, valued at $7,035,015.24. The trade was a 8.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Dzielak sold 2,658 shares of Expedia Group stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $205.57, for a total transaction of $546,405.06. Following the completion of the transaction, the insider directly owned 74,417 shares in the company, valued at approximately $15,297,902.69. The trade was a 3.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,964 shares of company stock valued at $1,833,722. Company insiders own 9.13% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Wedbush raised their price objective on shares of Expedia Group from $175.00 to $220.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. Wall Street Zen upgraded shares of Expedia Group from a “hold” rating to a “buy” rating in a research report on Monday, July 28th. Oppenheimer reiterated an “outperform” rating on shares of Expedia Group in a research report on Friday, August 8th. Barclays lifted their target price on shares of Expedia Group from $190.00 to $197.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. Finally, Citigroup lifted their target price on shares of Expedia Group from $177.00 to $206.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $205.63.
View Our Latest Stock Analysis on EXPE
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.
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